Steve Koerber’s Remuera Quarterly Report

They hoped the Remuera market would improve…

Q2 2026April, May, JuneRemuera Grammar Zone edition

By Steve and Nila Koerber

Front page of the Q2 2026 Remuera Quarterly Report
The printed issue, delivered by hand · July 2026

  • Annual median sale price

    $2,000,000

    12 months to May 2026

    −4.77% from $2,100,000, 12 months to May 2025

  • Annual number of sales

    509

    12 months to May 2026

    +1.39% from 502, 12 months to May 2025

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

From Steve and Nila

There’s a Remuera family I’ve been thinking about a lot lately.

They didn’t wait for the “perfect” market. Instead, they decided to move in this one. They owned a lovely family home they thought would fetch $6,000,000. In this softer market, the best price they could achieve was 10% less – or $5,400,000.

Not what they’d hoped for, and not an easy pill to swallow.

But here’s where the numbers started working in their favour.

The home they really wanted to buy – a clear step up for their family – would have been worth around $10,000,000 a year or so ago. In today’s market, that owner also had to meet reality and accept 10% less, selling for about $9,000,000.

If you look at it in isolation, both vendors “lost” 10% against their expectations. But when you buy and sell in the same market, the picture changes:

Their home
hoped for $6,000,000, sold for $5,400,000 (down $600,000)
New home
hoped for $10,000,000, bought for $9,000,000 (down $1,000,000)
Net effect
Stepping up $3,600,000 instead of $4,000,000 they were actually $400,000 better off.

In other words, the percentage might be the same, but 10% on a more expensive home is a bigger dollar figure.

That’s the quiet opportunity in this market for people who are trading up. If this is the environment where all homes are being measured – and it is – then there’s a strong argument that there may never be a better time to step into a more valuable property.

If you’re curious how these numbers might look for your own situation, Nila and I are always happy to assess your situation, run some numbers, and get you moving sooner than you thought possible.

Until next time – take care and best wishes.

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 second quarter of 2026.

Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q2 2026. The rolling median ends at $1,902,500; 119 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m010020030020162017201820192020202120222023202420252026$1,902,500, Q2 2026$2,596,250, Q2 2022$1,611,250, Q3 2019119290Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q2 2026. The rolling median ends at $1,902,500; 119 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m010020030020162017201820192020202120222023202420252026$1,902,500, Q2 2026$2,596,250, Q2 2022$1,611,250, Q3 2019119Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q2 2026. The rolling median ends at $1,902,500; 119 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m0100200300201620182020202220242026$1,902,500, Q2 2026$2,596,250, Q2 2022$1,611,250, Q3 2019Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q2 2026. The rolling median ends at $1,902,500; 119 sales in the last quarter. The figures are in the table below.$1.5m$2m$2.5m0100200300201620182020202220242026$1,902,500, Q2 2026$2,596,250, Q2 2022$1,611,250, Q3 2019Remuera rolling median sale price and quarterly number of salesFrom Q1 2016 to Q2 2026. The rolling median ends at $1,902,500; 119 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, not $2,000,000

The line ends at $1,902,500, the median of the four quarterly medians from Q3 2025 to Q2 2026. The $2,000,000 above is the annual median sale price for the 12 months to May 2026. They cover different periods.

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, Q2 2026, had 119.

The figures behind the chart
QuarterSalesAnnual median
Q2 2026119$1,902,500
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

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

Sold by Steve and Nila

  • 35 Bell Road621m² · 4 bed · 2 bath$3,800,000
  • 58 Hapua Street610m² · 4 bed · 3 bath$3,400,000
  • 1 Homai Street389m² · 3 bed · 2 bath$2,110,000
  • 16 Leys Crescent513m² · 4 bed · 2 bath$2,370,000
  • 1/14A MacMurray RoadCross Lease · 2 bed · 2 bath$1,650,000
  • 2/14 Portland RoadCross Lease · 2 bed · 2 bath$1,200,000
  • 3/14 Portland RoadCross Lease · 2 bed · 2 bath$1,200,000
  • 242 Victoria Avenue557m² · 4 bed · 1 bath$2,395,000
Every sale in the issue 54
  • 35c Armadale Road187m² · 4 bed · 3 bath$1,908,000
  • 21C Armadale Road239m² · 5 bed · 4 bath$2,540,000
  • 37 Arney Crescent621m²$3,800,000
  • 3/35 Arney RoadCross Lease · 2 bed · 2 bath$1,650,000
  • 56 Arney Road1211m² · 5 bed · 2 bath$6,700,000
  • 22 Arney Road946m² · 4 bed · 3 bath$8,700,000
  • 3/31 Ascot Avenue325m² · 3 bed · 2 bath$1,231,000
  • 136A Bassett RoadCross Lease · 3 bed · 2 bath$1,760,000
  • 131 Bassett Road608m² · 4 bed · 3 bath$3,518,000
  • 35 Bell Road621m² · 4 bed · 2 bath$3,800,000
  • 46 Benson Road731m² · 4 bed · 3 bath$3,495,000
  • 14 Benson Road1171m² · 5 bed · 3 bath$6,680,000
  • 4 Burwood Crescent613m² · 3 bed · 2 bath$4,600,000
  • 106 Clonbern Road637m² · 4 bed · 3 bath$2,520,000
  • 39A Clonbern Road387m² · 5 bed · 3 bath$3,442,000
  • 36 Dell Avenue612m² · 6 bed · 4 bath$6,688,000
  • 13 Eastbourne Road672m² · 5 bed · 3 bath$4,850,000
  • 57 Hapua Street685m² · 4 bed · 3 bath$2,000,000
  • 58 Hapua Street610m² · 4 bed · 3 bath$3,400,000
  • 1 Homai Street389m² · 3 bed · 2 bath$2,110,000
  • 3 Homai Street569m² · 3 bed · 2 bath$2,750,000
  • 16 Leys Crescent513m² · 4 bed · 2 bath$2,370,000
  • 6 Lillington RoadCross Lease · 4 bed · 2 bath$1,500,000
  • 14A Lingarth StreetCross Lease · 3 bed · 2 bath$1,655,000
  • 61-63 Lingarth Street386 + 359m² · 4 bed · 2 bath$2,900,000
  • 1/14A MacMurray RoadCross Lease · 2 bed · 2 bath$1,650,000
  • 16C Mahoe Avenue220m² · 4 bed · 3 bath$2,238,000
  • 16D Mahoe Avenue358m² · 4 bed · 3 bath$2,400,000
  • 33 Manawa Road531m² · 3 bed · 1 bath$2,121,500
  • 154 Orakei RoadCross Lease · 3 bed · 1 bath$1,486,000
  • 40 Orakei Road1168m² · 5 bed · 4 bath$5,050,000
  • 2/14 Portland RoadCross Lease · 2 bed · 2 bath$1,200,000
  • 3/14 Portland RoadCross Lease · 2 bed · 2 bath$1,200,000
  • 101A Portland RoadCross Lease · 4 bed · 3 bath$1,475,000
  • 73E Portland Road1010m²$2,000,000
  • 73F Portland Road1145m²$2,000,000
  • 1/187 Portland Road455m² · 3 bed$2,400,000
  • 5/261 Remuera RoadCross Lease · 3 bed · 2 bath$1,295,000
  • 233 Remuera Road647m² · 2 bed · 1 bath$1,762,500
  • 552 Remuera Road900m² · 3 bed · 1 bath$2,500,000
  • 4/456A Remuera RoadUnit Title · 3 bed · 2 bath$4,800,000
  • 3/36 Sonia AvenueCross Lease · 2 bed · 1 bath$939,000
  • 202/12 St Marks RoadUnit Title · 2 bed · 2 bath$1,175,000
  • 17/37 St Vincent Avenue88m² · 3 bed · 2 bath$1,380,000
  • 3/33 St Vincent AvenueCross Lease · 4 bed · 2 bath$1,840,000
  • 96D Upland RoadUnit Title · 2 bed · 2 bath$1,620,000
  • 15A Upland Road292m² · 2 bed · 1 bath$1,825,000
  • 2/129 Victoria AvenueCross Lease · 2 bed · 1 bath$700,000
  • 8/59 Victoria AvenueCross Lease · 3 bed · 3 bath$1,353,500
  • 242 Victoria Avenue557m² · 4 bed · 1 bath$2,395,000
  • 191B Victoria AvenueCross Lease · 4 bed · 3 bath$2,880,000
  • 173 Victoria Avenue2,328m² · 4 bed · 3 bath$10,500,000
  • 5/10 Victoria AvenueCross Lease · 3 bed · 2 bath$2,080,000
  • 26B Wiles AvenueCross Lease · 3 bed · 1 bath$1,643,000

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

Run the numbers for your home.

If you’re curious how these numbers might look for your own situation, Steve and Nila are always happy to assess it with you. No pressure, no obligation and no paperwork until you’re ready.

Steve or Nila will reply personally, usually the same day.

We use your details only to reply to this enquiry and, if you tick the box above, to send you the Koerber List. They are emailed to Steve and Nila through Resend, an email service outside New Zealand, and never passed on for marketing. Cloudflare Turnstile checks that you are a person. You can ask to see or correct them at any time. See our privacy notice.

Call Steve021 864 166Start the conversation