Upper Hutt Real Estate Update
The Wellington region has seen immense growth over the past year, with median house prices jumping up 24.9%. The median price was $882,700 in March of this year, an increase from $707,000 in March 2020. Particularly noteworthy is Upper Hutt City and the Kapiti Coast, with the median house price reaching record highs of being up 33.9% and 35.4% from a year prior.
The volume of sales throughout the Wellington region has reached the highest amount in four years, and has increased 17.2% annually. March this year saw 911 properties sold, with investors and first home buyers remaining key players in the current market.
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