Kapiti Real Estate Update

The market share of properties selling for at or above $1 million has increased significantly from this time last year. This amount, increasing from 10.9% of the market to 36.8% of the market in May 2021, reflects the nature of the market, with increasing underlying value, limited stock, and buyer demand. Overall, the number of listings continues to decrease, yet median house prices indicates that demand remains high.

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