15/09/2026
WHATβS HAPPENING IN THE TEMUKA MARKET?? (August 2026 - All Companies)
Number of Residential House Sales = 6 (all firms) π‘π‘π‘π‘π‘π‘
Average Time to Sell β° (August) = 109 days 3.6 months) - July was 150 days!
Average Time to Sell (Feb-Jul) 111 days (3.7 months)
Cheapest Sale π = $355,000 (Temuka Real Estate)
Most Expensive Sale π°π°π°π°π°= $526,000 - (Harcourts - Timaru) ππ»
Fastest Sale π = 31 days - (Temuka Real Estate)
Longest on the Market π = 249 days (8.3 months) - (Temuka Real Estate) - held up by vendor driven price, though achieved well
Median Sale Price (August) βοΈ = $427,250
Median Sale Price (Feb-Jul) βοΈ = $486,000
Most Houses Sold π = 4 π‘π‘π‘π‘ (Temuka Real Estate)
Best Performer Over GV ππ» = 25 Davie Street (38.97% Over GV) (Property Brokers) - renovated property with low GV
* Some houses are still selling above their new Government Valuations and we are now seeing some sell below. Itβs still not a guide
OWNERSHIP UNITS = 0 ποΈ
STANDALONE TOWNHOUSES = 2 π‘π‘
HOUSES UP TO $400,000 = 1 π‘
HOUSES $400,000 - $500,000 = 2 π‘π‘
HOUSES $500,000+ = 1 π‘
BUYER SOURCE/TYPE:
Local Buyers = 50%
Out of Town Buyers = 50% (Timaru, Pleasant Point, Geraldine & others)
First-home Buyers = 33%
Upgrading home/relocating Buyers = 33%
Downsizers = 17%
Investors/Developers = 17%
π‘ August saw the continuation of a steady and slightly flattened and decreased Winter market with slower turnover of certain housing stock, with only 6 confirmed sales. This was a downturn on the 11 sales in July. And that followed on from 9 in June, so it is fairly static βοΈπ Despite most of the properties sold this month being in the under $500,000 bracket, the median sale price does jump up slightly again to $427,250 from $410,000 in July. (The monthly median is a less accurate indicator as it tends to fluctuate more readily - as we see here).
ποΈ But days on the market managed to come back to 109 days (3.6 months). Our office has contracts in place on most of our properties. We may not have the most signs up right now, but thatβs because the majority of our listings donβt tend to sit on the market as a rule.
Some properties do continue to stay on the market as new (generally more realistically priced) listings come on to compete with them. Some currently on the market do have contracts in place yet many still remain unsold. This can be a balancing act that requires the skills of an experienced salesperson.
So generally buyer sentiment is mixed right now with buyers really scoping out their choice of property and either waiting for the right one or the best value properties to come along. There are also some highly motivated buyers out there at present for certain types of properties (as we are seeing). Though Auction clearance rates in Temuka remain low (as usual) and are a waste of time and money. When you could save yourself a lot of trouble by just getting the price right. We are here to help you avoid this scenario!
The proactive vendors with skilled salespeople out there will be the ones who do turn over their properties. This is where you need the skills of an experienced agent who has their finger on the pulse of the current local market and is also an effective communicator π€
π‘ Our salespeople are seeing an increase in inquiries in many ranges and particular properties - itβs great to see a healthy demand for the higher range executive type properties again as well as increased demand for lifestyle and lower-priced properties.
οΏΌWe have some exciting new places coming onto the market over the next few weeks, so keep an eye out ποΈ
π₯° Local and out of town buyers (50% each) were equally active this month and again, and we had mostly First Home and Changing/Relocating buyers (33% each) in the mix, looking in all ranges.
Temuka - the place to start out, stay or relocate to! ππ
Sales are happening and activity and offers on many properties, which is a positive sign. So things are generally turning over here despite some buyers remaining cautious in these uncertain times. Temuka is a stable non-volatile housing market and has always provided buyers with value for money.
Out of town and local buyers as well as First Home buyers and Changing/Relocating, are currently active here right now. The market may be still hunkered down slightly for late Winter and this could play into the hands of first home buyers to step up. And we need a lot more listings in the under $600,000 bracket of nice solid homes with great garaging and sections as well as smaller or modern standalone townhouses for more willing and waiting buyers.
Well priced homes will sell as there are always buyers for these out there. The market is currently showing signs of positivity and we look forward to sales continuing in a slow but steadily upward trajectory this year ππβοΈπ₯
The Middle East conflict continues to cast a shadow across the NZ economy with rising oil prices and supply chain costs. We are seeing inflation rise, and the Reserve Bank has further increased the OCR to try to get a handle on it. Therefore prospective buyers need to look at how they structure their borrowing ahead of this continuing trend. Itβs a tough time out there for many with cost-of-living pressures and uncertainty ahead of Novemberβs election π°π
However Temuka is in mostly good shape and a great place to be, we are backed by a strong rural sector as well as local industry and a little protected from the market volatility of some of the larger centres ππ»β€οΈ
Itβs still a good time to get your home on the market RIGHT NOW! This is where itβs important to engage the services of an honest and experienced salesperson, who will be able to navigate you to successfully sell your home for an optimum price and in the ultimate timeframe.
Do you want to see a sign outside your home!? Or a SOLD sign?? Talk to us about how we can help you achieve your goal! π₯
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*****Contact TEMUKA REAL ESTATE - Your Experienced Locals who are βPROVEN TRUSTED & PROFESSIONALβ.
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