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