Nationwide housing values grew at their slowest rate for 7 years during 2018.
However, Nelson residential property values continue to buck the trend - the average Nelson region property value is now $601,571.
On average, prices increased by;
The Tasman District displayed a similar trend with the average property value being $589,630 and the following increase on average price;
Our own data here at Summit show sales volumes have been strong over the summer months with the sales team reporting that the summer property market is busy as 2019 activity gets underway.
So, while major centres like Auckland and Christchurch may be underperforming, the Nelson/Tasman region continues to show strong demand and values are increasing at a moderate rate.