- The last year has brought Nelson house prices to a new record high, increasing by $95,000 since January last year.
The latest Real Estate Institute of New Zealand (REINZ) figures have confirmed a year-long trend in rising house prices for Nelson, with media house prices up 25 per cent since last January.
The new median house price across the Nelson Marlborough region has reached the record high of $470,000, which is just below the national average of $490,000. The median price last year was $375,000.
House prices have risen 31 per cent in Richmond, 24 per cent in Nelson, and 17 per cent in Marlborough and Kaikoura, while number of sales across the region fell 22 per cent in January, compared with December.
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* North Islanders driving up prices in top of the south
* Lifestyle lure drives property boom
SUPPLIED. Homes in the Nelson region are fetching record prices.
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