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. 

Browse Listings

The Ministry of Housing and Urban Development has announced new regulations for methamphetamine contamination in rental housing due in 2026.

Methamphetamine contamination levels are not currently set to a level that is agreed upon by differing bodies, some insurance companies apply the level at 1.5µg/100cm2   others and the Tenancy Tribunal apply 15µg/100cm2.

There is also a lack of control and regulation of the Methamphetamine testing and cleaning industry which this bill aims to address.

Read more about the new regulations

Source Ministry of Housing and Urban Development

On Friday, September 19th, the Nelson Tasman community came together for the 4th annual Keir Wilkinson Memorial Golf Tournament, led by Tournament Director Glyn Delany of Summit Real Estate at the Nelson Golf Club. The result? A record-breaking $80,827 raised for Nelson Tasman Hospice, bringing the total raised over the past four years to more than $290,000.

The day delivered everything golfers could hope for—blue skies, sizzling BBQs, flowing drinks, and some superb golf. Highlights included The Shark challenge sponsored by The Car Company, a dream prize draw to play in the national Golf Open thanks to Craigs Investment Partners, and a once-in-a-lifetime Te Ari Links Golf Experience donated by Ben Coman, which sold for $10,000 at auction.

Congratulations to Brown and Associates, who took out first place and claimed the Keir Wilkinson Memorial Trophy with a superb 99 points.

Special thanks go to Summit Real Estate Auctioneer Liam Boshoff, our generous sponsors, donors, and of course the volunteers and organising committee who made the event possible. Most importantly, thank you to the Nelson Tasman Hospice team, whose incredible work inspired the generosity that made this day such a success.

Glyn Delany says the day is not only about golf but about community spirit:

“This event is a celebration of generosity, camaraderie, and support for Hospice, and I’m so proud of what we’ve achieved together.”

The Keir Wilkinson Memorial has become more than just a golf tournament—it’s a community tradition. We can’t wait to see you all again at the 2026 event!

As a landlord or investor, you want more than rent collection—you want confidence your property is protected, compliant, and performing. That’s where Summit Property Management’s REINZ Accreditation makes the difference. 

What it means for you: 

With over 30 years of experience and the largest local team across Nelson, Tasman, and Marlborough, Summit offers care, protection, and results for landlords and investors—backed by REINZ Accreditation. 

Ready to safeguard and grow your investment? Talk to Summit Property Management today. 

Summit Property Management is proud to support the Waimea Special Education Department Awards each term. These awards recognise students who show hard work, perseverance, and the ability to overcome challenges.

For Term 3, congratulations go to Manaaki Marsh-Wetere and Tom Storey. Both students have achieved outstanding results and are very deserving recipients. Our team members Stew Henry and Fiona Harris were pleased to present Manaaki and Tom with cinema vouchers as a reward for their efforts.

At Summit Property Management, we’re proud to celebrate local students and support the community we work in.

Pictured: Fiona Harris Summit Property Manager (Richmond), Manaaki Marsh-Wetere, Tom Storey, Stewart Henry (Property Management General Manager)

Read More on how Summit is involved in our community here.

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:

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.

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

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!