Steve Koerber’s Remuera Quarterly Report

How’s the Remuera market, actually?

Q1 2026January, February, MarchRemuera Grammar Zone edition

By Steve and Nila Koerber

Front page of the Q1 2026 Remuera Quarterly Report
The printed issue, delivered by hand · April 2026

  • Annual median sale price

    $1,902,500

    12 months to March 2026

    −12.0% from $2,162,500, 12 months to March 2025

  • Annual number of sales

    487

    12 months to March 2026

    +7.3% from 454, 12 months to March 2025

These figures cover all of Remuera, including sales outside the Grammar zone.

From Steve and Nila

The graph below tells the story that the Remuera property market hasn’t changed much from where it was exactly two years ago (April 2024). Just twelve months ago most commentators predicted an uplift in prices. In reality, while sales volumes remain healthy due to more homes for sale, prices are yet to improve. The uncertainty in the air has created an environment where selling first, then buying quickly, is more commonplace.

At first glance, most people wouldn’t think war in the Middle East could support a stronger market in 2026, however, thinking back to the significant uplift that Remuera and NZ experienced post-covid – I wonder if it could happen again.

The key driver of that post-Covid bounce was central banks’ decision to stimulate growth by injecting billions of newly created dollars into economies. That 2020/2021 world was awash with money, and some of it went straight into our real estate. This year or next, if and/or when economies begin to decline, lower interest rates could be a catalyst for prices to rise.

A flight to safety

This quarter, the story is less about statistics and more about people. Driven by a growing sense that the world is less safe, we’ve met Gulf State‑based professionals, American and British families, Singaporeans, Chinese and Hong Kong families – all relocating to Auckland, often with Remuera top of mind for schooling, prestige and convenience. The new Golden Visa legislation, which allows eligible investors to purchase a property at $5 million or more, is likely to see these migration trends continue.

What this means for Remuera Homeowners

Unlike a house, time is a resource that cannot be replaced. One of the most common questions Nila and I receive is: “When is the right time to sell?” In our experience there are some common concerns behind that question. Firstly, “is there a buyer out there for my home?” And secondly, “can I get a good price?” With our experience and singular focus on Remuera the answer is often yes, but ultimately your situation will determine if it’s the right time to make a change.

When we moved to Bayleys in Remuera 15 months ago, our intention was to tap into Bayleys’ vast resources and international networks to deliver better marketing, stronger outcomes, and happier clients. The proof has been in the strength of our numbers. This quarter Nila and I sold a significant share (33%) of all Remuera homes above $3.5 million. For the benefit of prospective sellers (for whom the time is right!), we can confirm to you with confidence that serious buyers exist. And they come to us because we have most of the better quality Remuera homes.

A Quarterly Milestone

It’s hard to believe Nila and I have now been delivering this Remuera quarterly report, as a team, for a full 10 years. It puts a smile on our faces when people remark that it’s an utterly unique publication by virtue of its consistency and depth. Much passion and commitment has gone into producing it. Today it’s more a family affair than ever – our daughter Charlotte designs and curates it, and our son Joshua supports our wider squad (Chester our sales associate and Sophie our operations manager) to personally deliver it to thousands of Remuera letterboxes.

Until next time, take care and stay well

Steve and Nila Koerber

Ten years of Remuera

The rolling median sale price, as the red line, and the number of sales each quarter, from 2016 to the first quarter of 2026.

Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q1 2026. The rolling median ends at $1,902,500; 94 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m010020030020162017201820192020202120222023202420252026$1,902,500, Q1 2026$2,596,250, Q2 2022$1,611,250, Q3 201994290Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q1 2026. The rolling median ends at $1,902,500; 94 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m010020030020162017201820192020202120222023202420252026$1,902,500, Q1 2026$2,596,250, Q2 2022$1,611,250, Q3 201994290Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q1 2026. The rolling median ends at $1,902,500; 94 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m0100200300201620182020202220242026$1,902,500, Q1 2026$2,596,250, Q2 2022$1,611,250, Q3 2019Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q1 2026. The rolling median ends at $1,902,500; 94 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m0100200300201620182020202220242026$1,902,500, Q1 2026$2,596,250, Q2 2022$1,611,250, Q3 2019Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q1 2026. The rolling median ends at $1,902,500; 94 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m01002003002017202020232026$1,902,500$2,596,250, Q2 2022$1,611,250
Median sale price is calculated on a 12-month rolling basis and updated quarterly. Data is sourced from REINZ and includes all settled residential sales in Remuera.

Reading the chart

The red line

Each point is the median of the last four quarterly medians. The scale is on the left.

Why $1,902,500 matches

The line ends at $1,902,500, the median of the four quarterly medians from Q2 2025 to Q1 2026. It is the same figure as the annual median sale price above, for the 12 months to March 2026.

The bars

The number of settled sales in each quarter. The scale is on the right. The busiest quarter was Q4 2020, with 290 sales; the latest, Q1 2026, had 94.

The figures behind the chart
QuarterSalesAnnual median
Q1 202694$1,902,500
Q4 2025130$2,015,000
Q3 2025113$2,125,000
Q2 2025143$2,125,000
Q1 202598$2,162,500
Q4 2024150$2,177,500
Q3 2024116$2,115,000
Q2 2024104$2,115,000
Q1 202487$2,002,500
Q4 2023126$2,002,500
Q3 202396$2,041,500
Q2 2023127$2,176,500
Q1 202379$2,323,750
Q4 202293$2,473,750
Q3 2022106$2,518,750
Q2 202298$2,596,250
Q1 2022101$2,577,500
Q4 2021181$2,532,500
Q3 2021124$2,312,500
Q2 2021181$2,217,500
Q1 2021219$2,197,500
Q4 2020290$2,025,000
Q3 2020183$1,817,250
Q2 2020133$1,764,750
Q1 2020148$1,637,250
Q4 2019144$1,637,250
Q3 2019135$1,611,250
Q2 2019139$1,705,000
Q1 2019122$1,777,750
Q4 2018122$1,765,000
Q3 2018114$1,795,250
Q2 2018159$1,839,000
Q1 2018122$1,891,250
Q4 2017157$1,891,250
Q3 2017106$1,891,250
Q2 2017131$1,821,250
Q1 2017123$1,702,500
Q4 2016154$1,662,500
Q3 2016158$1,625,444
Q2 2016191$1,625,444
Q1 2016161$1,635,444

Sold this quarter

60 Remuera sales from the printed issue, across every agency. 13 were Steve and Nila’s.

Sold by Steve and Nila

  • 2/35 Arney RoadCross Lease · 2 bed · 2 bath$1,650,000
  • 42 Benson Road600m² · 4 bed · 3 bath$2,525,000
  • 28 Dell Avenue612m² · 5 bed · 3 bath$3,870,000
  • 5 Dempsey StreetCross Lease · 4 bed · 3 bath$2,470,000
  • 10 & 10A Glenbrook Street811m² · 6 bed · 4 bath$4,250,000
  • 1A Homai Street228m² · 3 bed · 1 bath$1,565,000
  • 17 Norana Avenue749m² · 5 bed · 2.5 bath$4,380,000
  • 48A Rangitoto Avenue532m² · 4 bed · 2.5 bath$3,750,000
  • 1/456A Remuera RoadUnit Title · 3 bed · 2 bath$3,900,000
  • 23 Sonia Avenue332m² · 4 bed · 3 bath$2,100,000
  • 97 Lucerne Road outside the Grammar zone607m² · 6 bed · 5 bath$4,810,000
  • 17F Mainston Road outside the Grammar zone651m² · 5 bed · 2 bath$2,700,000
  • 56 Ngapuhi Road outside the Grammar zone1113m² · 4 bed · 3 bath$4,545,000
Every sale in the issue 60
  • 2/35 Arney RoadCross Lease · 2 bed · 2 bath$1,650,000
  • 163 Arney Road381m² · 3 bed · 2 bath$3,150,000
  • 80 Arney Road607m² · 3 bed · 2 bath$3,450,000
  • 39 Bell Road925m² · 5 bed · 3 bath$4,650,000
  • 42 Benson Road600m² · 4 bed · 3 bath$2,525,000
  • 36 Benson Road759m² · 5 bed · 5 bath$5,200,000
  • 1/36 Clonbern RoadCross Lease · 2 bed · 1 bath$1,155,000
  • 3/74A Clonbern Road328m² · 3 bed · 2 bath$1,210,000
  • 2/30 Clonbern Road178m² · 5 bed · 4 bath$2,200,000
  • 27B Combes RoadCross Lease · 3 bed · 2 bath$1,500,000
  • 42B Combes Road895m² · 4 bed · 2 bath$2,200,000
  • 24 Combes Road1045m² · 4 bed · 4 bathPhone Steve
  • 18 Combes Road925m² · 4 bed · 3 bath$6,100,000
  • 28 Dell Avenue612m² · 5 bed · 3 bath$3,870,000
  • 5 Dempsey StreetCross Lease · 4 bed · 3 bath$2,470,000
  • 12 Ely Avenue356m² · 3 bed · 2 bath$2,230,000
  • 15 Glenbrook Street632m² · 3 bed · 1 bath$3,380,000
  • 10 & 10A Glenbrook Street811m² · 6 bed · 4 bath$4,250,000
  • 21 Hapua Street1211m² · 2 bed · 1 bathPhone Steve
  • 23 Hapua Street1100m² · 2 bed · 1 bathPhone Steve
  • 1A Homai Street228m² · 3 bed · 1 bath$1,565,000
  • 19 Kitirawa RoadCross Lease · 3 bed · 2 bath$1,550,000
  • 8 Kitirawa Road1113m² · 3 bed · 1 bath$5,040,000
  • 37 Leys CrescentCross Lease · 2 bed · 1 bath$1,180,000
  • 16 Lingarth StreetCross Lease · 4 bed · 2 bath$1,960,000
  • 203/8 Middleton RoadUnit Title · 2 bed · 2 bath$1,330,000
  • 15 Middleton Road437m² · 9 bed · 5 bath$2,455,000
  • 301/10 Middleton RoadUnit Title · 3 bed · 2 bath$2,600,000
  • 17 Norana Avenue749m² · 5 bed · 2.5 bath$4,380,000
  • 15/78 Orakei Road83m² · 2 bed · 1 bath$1,079,000
  • 119 Orakei Road812m² · 3 bed · 2 bath$3,450,000
  • 54 Portland Road842m² · 4 bed · 3 bath$3,180,000
  • 55 Portland Road1450m² · 4 bed · 3 bath$4,425,000
  • 48A Rangitoto Avenue532m² · 4 bed · 2.5 bath$3,750,000
  • 52A Rangitoto Avenue720m² · 5 bed · 3 bath$4,000,000
  • 23 Ranui Road764m² · 5 bed · 3 bath$5,600,000
  • 18/90 Remuera RoadCross Lease · 2 bed · 1 bath$900,000
  • 3A/524 Remuera RoadUnit Title · 2 bed · 2 bath$1,100,000
  • 115E Remuera RoadUnit Title · 4 bed · 2 bath$1,150,000
  • 231D Remuera RoadCross Lease · 4 bed · 3 bath$2,550,000
  • 7A/416 Remuera RoadCross Lease · 2 bed · 2 bath$2,600,000
  • 1/456A Remuera RoadUnit Title · 3 bed · 2 bath$3,900,000
  • 204/308 Remuera RoadUnit Title · 3 bed · 2 bath$4,600,000
  • 4/2 Risk RoadCross Lease · 3 bed · 1 bath$1,051,000
  • 5A Shore Road377m² · 4 bed · 3.5 bath$3,180,000
  • 23 Sonia Avenue332m² · 4 bed · 3 bath$2,100,000
  • 36 Spencer StreetCross Lease · 3 bed · 2 bath$1,420,000
  • 15/37 St Vincent Avenue178m² · 3 bed · 3 bath$1,462,500
  • 26 Standen Avenue409m² · 3 bed · 2 bath$1,620,000
  • 4B Swinton CloseCross Lease · 4 bed · 2 bath$1,400,000
  • 32 The Glen438m² · 4 bed · 3 bath$2,938,000
  • 32B Upland Road277m² · 4 bed · 2 bath$3,440,000
  • 292 Victoria Avenue932m² · 7 bed · 4 bath$5,200,000
  • 106 Victoria Avenue1362m² · 5 bed · 2 bathPhone Steve
  • 1B Wairua Road365m²$1,450,000
  • 20 Walton Street736m² · 3 bed · 2 bath$3,050,000
  • 22B Wiles AvenueCross Lease · 3 bed · 3 bath$700,000
  • 97 Lucerne Road outside the Grammar zone607m² · 6 bed · 5 bath$4,810,000
  • 17F Mainston Road outside the Grammar zone651m² · 5 bed · 2 bath$2,700,000
  • 56 Ngapuhi Road outside the Grammar zone1113m² · 4 bed · 3 bath$4,545,000

This issue of Steve Koerber’s Quarterly Report features a wide selection of recent residential property sales. Data is sourced from published reports of sales across all real estate agencies and may include private sales. While every reasonable effort is made to ensure accuracy, inaccuracies can occur. We recommend making your own enquiries to confirm all details. Bayleys Real Estate Ltd, Remuera (Licensed under the REA Act 2008), accepts no responsibility should any information in this report prove to be incomplete or incorrect.

Previous issues

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