Christchurch House Prices Soar, Nationwide Growth Modest

Christchurchs housing market is thriving, with a 2.5% increase in house prices in the last quarter of 2021, pushing the average home value to $791,541. The west side of the city saw the biggest jump at 5.2%. The market is active, with listings up and homes selling faster, particularly in the $1-2 million range. However, the Peninsula saw a slight dip and townhouses are facing pressure due to high availability. Nationally, growth was more modest at 1% for the quarter, with Wellington being the only major city to see prices drop. The market is expected to stabilize gradually, with potential hesitancy due to the election year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/05cae26453779725