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MEGAN JAFFE REAL ESTATE LTD (LICENSED REAA 2008)
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A STEVE KOERBER’S Quarterly REPORT
Remuera Grammar Zone
Q1 | January | February | March 2021
  HOMEWARD BOUND KIWIS HELP BOOST REMUERA HOME PRICES
About a year ago - with a bit more time on my locked-down hands - I looked closely at past trends and concluded that Remuera’s median sale price could reach $3,200,000
by 2026. In anyone’s language that seemed to be a bold prediction.
With that in mind, it’s quite remarkable that March’s quarterly median price hit $2,680,000. If that level is sustainable, all it would take is a modest 20% rise over the next five years for Remuera’s median house price to reach $3,200,000.
Chatting to locals in the streets of Remuera is one of my favourite things to do. Recently a few clients commented that “it seems to be a good time to be in real estate”. Whilst our market has definitely been strong, Nila and I have indeed been fortunate to assist a record number of families
2,500,000 2,400,000 2,200,000 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000
800,000 600,000 400,000
transition smoothly from one home to the next. If and when the Remuera market slows down, we’ll still be here, working hard for our clients.
A noticeable trend this quarter has been an increase in the number of parents visiting our open homes on the lookout for their professional sons or daughters returning home from overseas. Our safe and friendly suburb of Remuera is
a preferred location for such people. We are so lucky to live in a leafy environment so close to the city - spoilt for choice when it comes to schooling. Who wouldn’t want to be part of such a kind and family focused community?
REMUERA MEDIAN SALE PRICE
Quarterly rolling median for the period April 2016 to March 2021
Quarterly rolling median for the period April 2016 to March 2021
Until next quarter, stay well. Steve Koerber
 Remuera Median Sale Price
         300 250 200 150 100 50
DISCLAIMER: This issue of Remuera Market Report features a wide selection of the published residential property sales which have recently occurred. The Market Report includes information based on published reports of sales made by all real estate agencies and may include some private sales. While every reasonable effort has been made to ensure the accuracy of this information, however, as inaccuracies may occur, you should not confine yourself solely to the contents and should make your own inquiries to satisfy yourself in all respects. Megan Jaffe Real Estate Ltd Licensed (REAA 2008) Ray White Remuera accepts no responsibility should the contents of this Market Report prove to be incomplete or incorrect.
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AMJJASONJDFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFM 16 17 18 19 20 21
      Number of Sales (Bar)
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