February 25, 2019
These details are drawn from the Real Estate Institute monthly reports for January 2019, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 80 sales, which is -8.0% below the same month last year and -26.6% below the average January over the past four years.
The median price per hectare was $27,087 in January 2019, -0.7% lower than December, and -4.1% below January 2018.
Compared to January 2018, lower average prices applied across Finishing, Grazing and Horticulture farms.
January 2019 sales included:
5 arable farms,
14 dairy farms,
16 finishing units,
2 forestry properties,
27 grazing properties,
10 horticultural farms,
1 special farms
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - January 2019||All||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||265,162||301,471||43,884||36,106||13,733||14,479||604,260|
for more perspectives, see