Number of Sales September 2025
Number of Sales October 2025
Average Number of Days to Sell*
Average Sale Price* $710,000
Nelson
66
93
35 Down 5
$656,500 -0.5%
Tasman
66
77
35 Down 10
$791,500 ^1.5%
Marlborough
85
73
50 Down 11
$681,500 -11.4%
Source: REINZ – New Zealand Property Report, October 2025 *Compared to October 2024, REINZ Monthly Property Report Published November 2025
While price movement varies across the regions, buyer activity remains healthy. Owner-occupiers and first home buyers continue to lead the market, with REINZ also reporting a slight increase in investor activity in Nelson.
Open Home Momentum & Auctions on the RiseREINZ notes that most vendors are approaching the market with realistic expectations, helping facilitate smoother negotiations. Open home attendance is also up—particularly for lower-priced properties in the first two weeks of marketing.
More properties are now being listed for auction, with strong clearance rates recorded for those selling under the hammer. This sits alongside broader shifts in market sentiment, influenced by:
Increased buyer positivityMore established buyer poolsRenewed interest in local propertyInterest rate trendsFinance accessibilityLooking AheadREINZ Chief Executive Lizzy Ryley notes that local salespeople are cautiously optimistic heading into summer, with expectations that the improving momentum will help move older stock that has been on the market for some time.
At Summit Real Estate, we’re seeing these trends reflected on the ground. With rising engagement and a more confident buyer base, now is a great time to position your property for the season ahead.
With six Summit Real Estate offices across the region, expert advice is never far away. Our sales team is ready to guide you, answer your questions, and help you make confident moves in today’s market.
Get in touch or explore the latest listings exclusively marketed by Summit Real Estate
Summit Property Management are helping spread kindness where it’s needed most.
Summit Property Management are proud to support the Whakatū Refuge Trust in their annual Christmas donation drive — bringing hope, comfort, and joy to local women, teens, and children who have engaged with the Trust’s services this year.
We can make a real difference this festive season by donating non-perishable food, gift cards, or presents for families in need.
Donation drop-off boxes are located at all Nelson Tasman Summit Real Estate and Summit Property Management offices, including;
Office
Address
Summit Property Management Nelson
60 Rutherford Street, Nelson 7010
Summit Property Management Stoke
506 Main Road Stoke, Stoke 7011
Summit Property Management Richmond
203 Queen Street, Richmond 7020
Summit Property Management Motueka
102 High Street, Motueka 7120
View full gift wish list hereTogether, we can show that our community cares — because even Santa needs a little help sometimes. #SleighthisSeason!
Summit Property Management Proudly supporting Whakatū Refuge Trust.
The rental market across Nelson, Tasman, and Marlborough is showing signs of renewed strength — and both landlords and tenants are starting to benefit.
After several challenging years, steady demand and key policy changes have breathed fresh confidence into the investment market. For landlords, improved financial conditions and greater regulatory clarity are helping restore balance. For tenants, higher property standards and better communication are becoming the norm.
Rising Expectations from RentersSummit Property Management General Manager Stewart Henry says tenants today are looking for far more than just a roof over their heads.
“Tenants want long-term security of tenure, compliant homes that are warm and dry, respectful treatment, and transparency around rent reviews and inspections,” says Stewart.
Connectivity has also become essential.
“Fast broadband and reliable mobile coverage are now non-negotiable. With more people working remotely, if a property doesn’t have good connectivity, it’s less attractive,” he adds.
More Confidence for LandlordsRecent policy shifts have also turned the tide for property investors. The reinstatement of interest deductibility, lower borrowing costs, and the return of the 90-day no-fault termination have made property ownership more appealing again.
“Being a landlord is more attractive now than it was a few years ago,” Stewart says. “That change has brought more investors back into the market.”
However, he notes that supply challenges remain, especially for affordable single-person dwellings. Studio flats and compact units continue to be in high demand but are under-built across the region.
A Balanced but Competitive MarketWith more than 2,000 homes managed from Picton to Motueka, Summit Property Management has a clear view of regional rental trends. While demand still outweighs supply in many areas, the market has shown signs of seasonal easing.
“This winter we’ve seen more stock available, and rents have flattened out. We’re not facing the same vacancy issues as Auckland or Wellington, but properties need to present well and be competitively priced to rent quickly,” says Stewart.
Certain areas — such as Motueka, Mapua, Brightwater, and Richmond — remain hotspots, with strong competition for three-bedroom family homes and continued growth in both business and housing activity.
Compliance Driving Better OutcomesIncreased compliance under the Healthy Homes Standards has been another positive driver. The push for higher standards in insulation, ventilation, and heating has prompted many landlords to upgrade their properties.
“Leading up to July, there was a flurry of improvements to properties — including vapour barriers, insulation, and extractor fans,” Stewart explains.
“For tenants, this has reduced the prevalence of damp, poorly maintained rentals. For landlords, it reinforces the need to treat their property as a business asset that meets modern standards.”
Alongside legislative compliance, Summit has continued to invest in its people — ensuring property managers are trained not only in the Residential Tenancies Act but also in effective communication and conflict resolution.
“It’s important property managers have the ability to find common ground between landlords and tenants,” says Stewart. “If we can keep tenants satisfied and housed for longer, that’s a win for everyone.”
For over 33 years, Summit Property Management — part of the Summit Real Estate Group — has provided results-focused, professional property management across the Top of the South. The company remains committed to supporting landlords, protecting assets, and fostering positive, long-term tenancies.
Learn more or speak with your local Summit Property Manager
Article expert by Bernadette Cooney | Business South: Volume 34 | Issue 8 | November 2025
Simply create your account here to save your favourite searches and get instant alerts when a property matches what you're looking for.
Create AccountOne of the key reasons Summit sells more property in the Nelson-Tasman region than any other company is our bright, professionally designed Summit Property Weekly magazine with convenient region-wide distribution.
Read Latest IssueAcross the Top of the South and every corner of our region, our salespeople are renowned for providing exceptional service because our clients deserve nothing less.
Managing thousands of rental properties throughout the top of the South, the region's trusted name in property management saves you time and money, so you can make the most of yours.
With a team of over 100 strong in 6 locations throughout the Nelson, Tasman and Marlborough a friendly Summit branch is likely not too far from where you are.