Wanaka’s property market continues to reflect its reputation as one of New Zealand’s most desirable lifestyle destinations. According to the latest REINZ statistics for August 2025, the local real estate scene is showing signs of both strength and subtle shifts in buyer behaviour.

The median sale price for residential properties in Wanaka surged to $1,580,000, marking a 17% increase compared to August 2024. This growth underscores the enduring appeal of the region, driven by its natural beauty, recreational opportunities, and increasing national and international interest.

While property prices continue to rise, the median days to sell a home also extended - from 40 days in August 2024 to 87 days in August 2025 - reflecting a more deliberate pace in buyer decision-making. This may be influenced by a broader range of listings and evolving affordability considerations. Sellers remain confident, with the median listing price increasing from $1,250,000 to $1,550,000, underscoring strong belief in the enduring value of property in the current market.

Sales volume has remained healthy, with a steady number of transactions across both established homes and sections. The market for vacant land is also active, though data lags due to the timing of new developments being titled.

Overall, Wanaka’s property market remains robust, but the extended time to sell hints at a shift toward a more balanced dynamic between buyers and sellers. For those considering entering the market—whether buying or selling—understanding these trends is key to making informed decisions.

Stay tuned for more updates as we continue to track Wanaka’s evolving real estate landscape.

Roger

Tel: 027 222 2092

email: [email protected]

38 Helwick Street, Wānaka