What’s happening in our market?
Property has not performed well in Sanson, Manawatu with prices declining -12.0% over the past12 months.
Sales and rentals
There have been 16 properties sold in Sanson,Manawatu over the past 12 months, totalling $8,088,000.
Homes are currently selling faster than last year at 41 days on market, compared to 105 days 12 months ago.
The rental market is performing well with a median asking rent currently of $550 a week. When you calculate that against the current median
sales price, the rental return is currently 5.7%.
Why are these stats so important?
The default period for data capture in this report is 12months unless otherwise stated and the report uses
median prices which is the ‘middle’ price of a dataset captured over time. Medians are regarded statistically as more reliable than an average as it is not skewed
by pricing extremes. It is always valuable to look at the types of properties that are selling in the suburb to get an understanding of the quality and value
