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
Annual Keir Wilkinson Golf Tournament - Nelson Tasman Hospice Fundraiser
Four years strong and swinging for an incredible cause! The Keir Wilkinson Golf Tournament has raised an outstanding $210,000 for Nelson Tasman Hospice, supporting 210 patients monthly across our region. With Nelson Tasman Hospice needing over $4,000,000 annually through community support, every contribution ensures local families receive compassionate care when they need it most. This is where our community shines - and we need you to be part of it.
Everyone's invited to bid big for these incredible donated prizes:
Signed 2025 Super Rugby Champions Crusaders Jersey Collector's dream from Macca Springer.Premium E-Bike High-tech adventure machine donated by Andrew Schwass.Christchurch Golf Getaway Greenfees at Clearwater, Pegasus, and Russley, luxury Pavilions accommodation with breakfast, plus $500 travel credit.Te Ari Links Golf Experience Ben Coman's package includes 2 rounds for 3, on-course accommodation, dinner with bar tab, airport car rental, and $1,000 House of Travel voucher.Join Our Must-Attend Charity Auction! 6pm at Nelson Golf Club, 38 Bolt Road, Tāhunanui on Friday September 19th 2025 at 6pm.
Every dollar makes a difference. Can't attend? Donate Now
For further questions or event information contact Glyn Delany
Find out more
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.
What to Expect at Our Careers EveningReal Stories from Real PeopleMeet 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.
Practical Industry InsightsGain 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.
Interactive Q&A SessionsThis 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.
Networking OpportunitiesConnect 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.
Perfect for Career Changers and New GraduatesConsidering 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.
A Relaxed, Welcoming EnvironmentWe 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.
Take the First StepYour 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.
Ready to Explore Your Real Estate 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:
When: Tuesday, November 11th · 6:00pm - 7:15pmWhere: 506 Main Road Stoke Nelson, Nelson Region 7011 (Upstairs Summit Stoke office)What We'll Provide: Insights, inspiration, drinks and nibblesRegister Now
Against the stunning backdrop of Picton, our annual Summit conference delivered far more than just corporate training. With 80+ attendees—including Summit real estate licensees, Summit property management team, and our management team—gathered together for professional development, it was our chance to collectively sharpen the skills that make the difference when markets shift, when that "sure thing" needs more time, or when we need to pivot our approach entirely.
This year's summit focused on the theme "How to Sell More to Residential Investors," featuring three exceptional speakers who brought both expertise and inspiration to our annual training intensive:
David Palfreyman - Auckland
Real estate coach and trainer who transforms agents from zero to hero with content-rich interactive sessions.
Dr. Alia Bojilova - Auckland
Performance psychologist and former NZ Army officer delivering masterclasses in resilience and high-pressure negotiation.
Ed McKnight - Auckland
Property economist and co-host of The Property Academy Podcast, turning complex market data into practical investment advice.
Beyond the exceptional learning and professional development, our annual summit created unforgettable moments of team bonding and memorable entertainment. As the military saying reminds us: "You don't rise to the occasion—you sink to the level of your training." Our Summit conference ensured that level reached new heights for everyone involved.
Summit is literally behind the team—our logo is featured on the back of the FPC and NPC shorts throughout the season. Just like on the field, in property, it's all about position, support, and achieving great results. With six offices and the largest team in the region, Summit is here to support you every step of the way.
Go the Mako!
Owning rental property can be profitable, but managing it yourself isn't always the best choice. Here's when hiring a property management company makes sense.
6 Signs You Need Professional Property Management1. Your Property is Far Away
If you don't live near your rental property, you need someone local who can:Handle emergencies quicklyCheck on the property regularlyKnow reliable contractors in the areaMeet with tenants face-to-face when needed2. You Don't Want the Hassle
Managing rental property involves lots of tasks:Collecting rent every monthFinding and screening tenantsHandling maintenance and repairsDealing with tenant complaintsFollowing landlord lawsIf this sounds overwhelming, hire a professional.3. You Want to Stay Out of Tenant Drama
Many landlords prefer to avoid direct contact with tenants. A property manager handles:Difficult conversations about late rentComplaints and disputesMove-in and move-out inspectionsEvictions if necessary4. You're Too Busy
If you have a full-time job or other commitments, property management takes time you might not have. Professional managers work while you focus on other things.5. You Can Afford the Cost
Property management typically costs 8-12% of your monthly rent. Many owners find this worthwhile because:It saves time and stressProfessionals often get higher rentsProperties stay rented longerYou avoid costly mistakes6. You Own Multiple Properties
The more rental properties you own, the more sense professional management makes. It's much easier to have one company handle everything than juggle multiple tenants yourself.What Good Property Managers Do
A quality property management company will:
Find and screen good tenantsCollect rent and handle late paymentsCoordinate all maintenance and repairsConduct regular property inspectionsHandle legal issues and evictionsProvide monthly financial reportsHow to Choose the Right Company
Look for a property manager who:Knows your local rental marketHas good reviews from other landlordsOffers clear, fair pricingUses modern technology for communicationHas proper licenses and insurance offeringThe Bottom Line
Hire a property management company if you value your time, want less stress, or lack experience with rental properties. While it costs money, good management often pays for itself through higher rents, fewer vacancies, and avoiding expensive mistakes.
Ready to learn more?
Contact Summit today for a free consultation to see if professional property management is right for your rental property.
At Summit Property Management, we know trust is earned through clarity. That’s why we’ve rolled out industry leading video inspections — giving landlords a front-row seat to your property's condition, from wherever you are.
No guesswork. No blurred lines. Just real-time walkthroughs, expert commentary, and peace of mind delivered straight to your screen.
"Thank you for the very detailed and accurate video inspection. This is an excellent record of the interior and exterior condition of 13 Milton Terrace. I believe this method of reporting on rental properties to be first class. Cheers"
— Henri, Investment Property Owner Picton
"I’ve found the video inspection tours to be invaluable — they provide a comprehensive view of how well our house and section are being maintained”
— David, Richmond Landlord
For a clear view on your investment, Contact a local Property Manager
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.
Summit recently celebrated its 33rd Annual Awards, marking another year of market share growth, company expansion, and individual success. We continue to sell and manage more properties than any other agency in the Top of the South. Thank you to our entire team - this achievement is a true testament to your dedication and hard work!
We ended the financial year on a high note, with twelve of our team members achieving Champion Status:
Congratulations to Vicki Weetman, whose continued energy and positivity earned her the Excellence in Real Estate award, and to Ryan Horncastle, who received the coveted Rookie of the Year award for his excellent sales results.
Our Property Management team continues to set the standard in the region with several new innovations introduced over the past 12 months. Congratulations to our top performers: Avei Douglas and Sarah Crawford.
We also recognised the loyalty and long-standing commitment of several team members:
Samantha Buys,
Viv Smith,
Michael Fox, and
Bevan Dixon.
A long-service acknowledgment was presented to Val Cooper—thank you for your contribution, Val. Congratulations to our Richmond Office, who once again took out the title of Top Office for Sales and Property Management—a great achievement and well-deserved recognition for the whole team.
Last year, we celebrated a major milestone—20 years and 1,000 editions of the Summit Weekly, which remains a powerful tool for connecting people with real estate opportunities. This success is made possible by the strength of our team, our full-service approach, our far-reaching marketing—and most importantly, by you. To every client who has trusted us to sell, manage, buy, or rent—thank you. Your continued support keeps Summit at the forefront of the market, and we’re truly grateful you chose us.
David Turnhout, Operations Manager