The Wānaka real estate market is experiencing noteworthy changes as we head into 2025.

Recent statistics reveal a significant increase in sales, specifically in the month of January 2025 which recorded 24 sales.

This marks the highest January volume since 2021, and is up 33 percent on the same month last year.

Such growth in transaction levels indicates a shift in market momentum, with clear signs of a recovery taking form after a more cautious year in 2024.

Despite the increase in sales volume, the median house price held steady at roughly $1,365,000 in January. This stability amid rising sales is indicative of a healthy and active entry-level market.

Notably, the data shows six houses sold for over $2M compared to two in January 2024.

January saw a surge in new stock listings within the greater Wānaka area, which is not unusual for this time of year as Vendor’s held off listing until after the holiday period, however this has driven up supply levels even further, and this is indicative right across the country.

As the real estate landscape evolves, staying informed is essential for both buyers and sellers.

Engaging with the Ray White Wānaka team, attending open homes, and understanding where your property sits in the market is as important as ever.

Ray White Wānaka is situated at Sir Tim Wallis Drive Wānaka. Find out more here.

PHOTO: Ray White Wānaka