Number of Sales August 2025

Number of Sales September 2025

Average Number of Days to Sell*

Average Sale Price* $710,000

Nelson

51

66

32 Down 19

$720,000 ^9.1%

Tasman

56

66

42 Down 15

$780,000 ^4.0%

Marlborough

68

85

55 Up 6

$650,000 -4.4%

Source: REINZ – New Zealand Property Report, September 2025 *Compared to September 2024, REINZ Monthly Property Report Published October 2025

Compared with August 2025, the median price remained steady, while the sales count lifted by 14.2%, reflecting renewed buyer confidence heading into spring. 

At Summit Real Estate, we’re seeing first-home buyers lead the charge, with increased investor enquiry in Blenheim. Most vendors are pricing realistically, supported by greater access to local market insights and a clear understanding of buyer expectations. 

While open home attendance has been influenced by the weather and school holidays, market sentiment remains positive, helped by lower interest rates, higher stock levels, and renewed buyer confidence. The median days to sell sits at 43 days, just above the 10-year average, a sign of improving momentum. 

As the season unfolds, our team remains cautiously optimistic. Spring traditionally drives new listings and activity, and we expect the coming months to offer fresh opportunities for both buyers and sellers across Nelson, Tasman, and Marlborough. 

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The latest REINZ figures paint a picture of steady growth across the Top of the South. While sales volumes have eased, all three districts recorded year-on-year increases in median prices, highlighting ongoing demand and resilience in our regional property markets.

Number of Sales August 2025

Number of Sales August 2024

Average Number of Days to sell

Average Sale Price

Nelson

51

61

35 Down 11

$730,000 ^4.3%

Tasman

56

63

45 Down 1

$786,000 ^5.5%

Marlborough

68

61

41 Down 11

$635,000 ^2.4%

Source: REINZ August 2025 New Zealand Property Report. Data Compared to August 2024.

Across Nelson, Tasman, and Marlborough combined, the median price reached $720,000, representing a 4% year-on-year increase. Sales counts, however, were down 10.7% compared to last year, reflecting a more selective buyer pool.

The most active buyers remain first-home buyers, owner-occupiers, and those searching around the $1 million mark. Fresh, well-priced listings are drawing strong attention, while overpriced properties are struggling to generate interest—reinforcing the importance of accurate pricing in today’s market.

Open home attendance has varied across the regions, with new listings generating the most engagement. As we head into spring, our sales team anticipates an uplift in activity as warmer weather and seasonal listings drive momentum.

While auctions have gained some traction, many buyers and sellers still favour price-based sales strategies, which remain the dominant method in our region. Encouragingly, lowered interest rates and improved market sentiment are contributing to a renewed sense of confidence.

Despite softer sales volumes, the market across Nelson, Tasman, and Marlborough continues to demonstrate underlying strength, with steady price growth and resilient buyer demand. With spring upon us, both vendors and buyers have reason to feel optimistic about the months ahead.

At Summit, our team is here to guide you through the opportunities this market presents—whether you’re buying, selling, or simply exploring your options.

Get in touch

Discover Your Future in Real Estate - An Evening of Insights, Stories, and Opportunities

Are you curious about a career in real estate? Whether you're a recent graduate exploring your options or a seasoned professional considering a life-changing career pivot, Summit Real Estate's careers evening is your gateway to understanding this dynamic and rewarding industry.

Meet a diverse range of successful sales professionals from Summit's award-winning team. These aren't just success stories - they're real people who will share their authentic career journeys, including the challenges they've overcome and the victories they've celebrated.

Gain valuable insider knowledge about what it truly takes to thrive in real estate. From understanding market dynamics to mastering client relationships, you'll discover the skills and mindset needed for long-term success.

This isn't a one-way presentation. Come prepared with questions about training, earning potential, work-life balance, or any other aspects of real estate careers that interest you. Our experienced professionals are here to provide honest, practical answers.

Connect with industry experts, potential mentors, and like-minded individuals who share your career aspirations. These connections could be the first step in your real estate journey.

Considering a Career Change? Many of our most successful agents came from completely different industries. Hear how they successfully transitioned into real estate and leveraged their existing skills in new ways.

Just Starting Out? Learn about the comprehensive training and support systems available to new salespeople, and discover how Summit sets you up for success from day one.

We believe the best conversations happen in comfortable settings. That's why we're providing drinks and nibbles throughout the evening, creating a relaxed atmosphere where you can have meaningful conversations about your future.

Your career in real estate could start with a single conversation. Whether you leave the evening with a clear plan to join the industry or simply a better understanding of the opportunities available, you'll gain valuable insights that could shape your professional future.

Join us for an evening that could change your career trajectory. Come with an open mind, leave with clarity about your next steps, and discover why so many professionals have found their calling in real estate.

Reserve your spot today and take the first step toward a rewarding career with regions market-leading real estate team.

Event Details:

Register Now

The market! The market seemed to hit a bit of a wall mid-May, after 2-3 months of sustained high levels of activity on all price points. Our higher end stock has slowed a little this month but our first home market is still ticking away nicely! As we write this we are about to present 8+ offers on a property, this property is well priced, presented and promoted, that’s the key! Winter will go quickly and following that we should see the best periods in Real Estate for our region than we have seen for a few years, bring it on!

Number of Sales May 2025

Number of Sales May 2024

Average Number of Days to sell

Average Sale Price

Nelson

85

70

45 Down 25

$685,000 ^2.2%

Tasman

83

52

47 Down 4

$790,000 ^1.3%

Marlborough

80

36

40 Up 4

$650,000 Down 5.1%

Source: REINZ May 2025 New Zealand Property Report. Data Compared to May 2024.

The Power of Numbers

When it comes to real estate, size matters. Summit Real Estate has the largest sales team in the Top of the South, and that scale directly benefits you. With 50+ agents working together across six local offices, we bring unmatched market reach, expertise, and buyer connections to every property transaction.

Our networked approach means every listing is exposed to more potential buyers, increasing competition and achieving better results. We don’t just work as individuals—we collaborate across our team to match buyers and sellers, ensuring no opportunity is missed.

Having the biggest team also means more local knowledge. Our agents are deeply connected to the communities they serve, providing insight into market trends, buyer demand, and pricing strategies that deliver the best outcomes.

Whether you’re selling, buying, or investing, choosing Summit means choosing a team with proven success, the widest reach, and the power to get results.

Ready to make your move? Contact the team today.

When selling a property, choosing an agency with a proven track record can make all the difference. Summit Real Estate holds the largest market share across Nelson and Tasman, meaning more people trust us to buy, sell, and manage their properties than any other agency.

Why does this matter? More market share means more buyers, more exposure, and better results. With a high volume of properties listed and sold, we have a deep understanding of local market trends, pricing strategies, and buyer demand.

Our large buyer database allows us to connect the right people with the right properties quickly, reducing time on the market and maximising sale prices. Sellers benefit from our extensive reach, while buyers gain access to a diverse range of listings, including exclusive properties not yet advertised.

Choosing Summit means choosing success. With our experience, network, and local expertise, we give your property the best chance of achieving an outstanding result.

Thinking of selling? Make the smart choice—choose Summit.

Learn More

Summit Real Estate is thrilled to announce the appointment of Rob as the new manager of our Picton office, bringing a unique blend of sporting excellence and real estate expertise to the Marlborough Sounds property market.

Before transitioning into real estate, Rob was a highly accomplished professional golfer, where he honed the focus, patience, drive, and commitment that are essential for success in his current career. These same skills seamlessly translate into his work as a Real Estate Sales & Marketing Consultant, where he consistently strives for excellence.

Working alongside his partner Sophie, Rob brings 100% dedication to everything he does. The same energy and determination he once devoted to his sporting career are now focused on helping clients achieve their real estate goals. Whether facing a challenge in his professional life or personal interests, Rob's enthusiasm and motivation are evident from the moment you meet him.

As a devoted father of four, Rob understands the importance of home as the heart of family life. This drives his passion to help his clients find not just a house, but a place where they can truly feel at home.

Based in our Picton office, Rob and his team serve clients throughout the Marlborough Sounds region, including waterfront properties, lifestyle homes, and investment opportunities across the stunning Sounds area.

Contact Rob Ilott and the Summit Real Estate Picton team today to discover how their dedication and expertise can help you achieve your real estate goals in the Marlborough Sounds.

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After an incredible WIN A CAR spring campaign, we’re delighted to announce the winner of the brand-new Toyota Corolla Hybrid: Jan and Edmond Reddington of Stoke!

Jan shared her excitement, by saying:

“It was truly a no-brainer. It was a Summit experience!”
“It will be a hoot having a Toyota!”

This thrilling conclusion marks the highlight of a campaign that brought so much energy and excitement to Nelson, Tasman, and Marlborough. Qualifying properties listed during the campaign period were entered into the draw, and those who both listed and sold earned double the chance to win.

A special thank-you to:

To our valued vendors: Thank you for trusting Summit Real Estate with your property journeys this spring. And to our dedicated sales team, your unwavering commitment continues to make our results exceptional.

Congratulations once again to Jan and Edmond Reddington! Your success is a testament to our belief: Bigger Team, Better Results.

Nelson's leading real estate firm marks two decades of their popular property publication, now reaching 39,000 readers across the region

For two decades, Summit Real Estate has been making it easier for Nelsonians to find their dream home through their flagship publication, the Summit Property Weekly. The locally owned real estate firm celebrates this significant milestone this week, highlighting how the popularity of Summit Weekly continues to grow year after year.

Summit Weekly by the Numbers

"The launch of the Summit Weekly in Spring 2004 became a very integral part of maintaining Summit as the most preferred real estate agency by far. From the growth of web based marketing that Summit maintains through Summit.co.nz, realestate.co.nz, One Roof and Trade Me, thousands of prospective buyers find their new home via the Summit Weekly. The buyer reach is unparalleled with the distribution growth to 39,000 throughout the region and also read online."
— Allister Nalder, Founder and Managing Director, Summit Real Estate

The publication has undergone significant evolution since its inception. Summit Weekly first appeared inside the Nelson Mail each week but in 2016 made a strategic move to be distributed inside the Nelson Weekly, Waimea Weekly and Motueka Golden Bay Guardian, almost quadrupling its reach to just under 40,000 copies each week.

This expansion has proven to be a game-changer for the company's marketing reach and effectiveness in connecting properties with potential buyers across the greater Nelson region.

"The Summit Weekly sets us apart by showcasing our clients' properties to a wider audience of buyers, which is why we continue to rely on this valuable marketing tool."
— David Turnhout, Operations Manager, Summit Real Estate

Operations manager David Turnhout emphasises that Summit Weekly represents a huge point of difference in the competitive local real estate market, effectively getting their properties in front of more buyers than traditional marketing methods alone.

The success of Summit Weekly reflects the company's commitment to both traditional print media and digital marketing strategies, maintaining a strong presence across multiple platforms while serving the local Nelson community's property needs.

Photo: Glyn Delany, Sapphire Laurence and Ben Nalder celebrate 20 years of the Summit Property Weekly.
Credit: Andrew Board (Top South Media)

Summit's auction marketing programme achieves one of the highest success rates in the real estate industry, consistently delivering results that exceed vendor expectations. The auction method is suited to all properties, especially those with unique features, sought-after locations, and situations of high buyer demand.

Auctions let the market determine your property's true value through competitive bidding. Compare this with private treaty where your price may be so high that no one will make an offer, or it could be so low that you run the risk of underselling your property. Through buyers actively bidding and openly competing, Summit has produced some fantastic auction sales with prices well over the vendor's expectations.

The deadline for auction day creates a sense of urgency and helps buyers who may otherwise procrastinate to make a buying decision. When buyers compete openly, competitive bidding often drives prices beyond initial expectations. If there's a premium in the market for your property, the auction method is the most effective means of securing it through this competitive environment.

Auctions eliminate complicated conditions and lengthy negotiations - it's a binding contract on the fall of the hammer with no cooling-off periods, no subject-to-sale clauses, and no last-minute renegotiations.

Marketing without an asking price means buyers judge the features and benefits that the property offers them and removes any objections regarding price. This method exposes the property to the broadest possible range of prospective purchasers.

Your Summit salesperson will provide you with regular market feedback so you will be fully informed when setting your reserve with the auctioneer. We will assist you in setting the terms, conditions and auction day deadline including any specific instructions you have, such as possession date and chattels (your solicitor will vet these).

The auction method has proven time and again to deliver exceptional results for property sellers. If you are considering selling and would like to talk to one of our salespeople about the benefits of auction marketing,

Get in touch today.