Asking price highs for the Bay of Plenty

A marginal decrease in new real estate listings in the Bay of Plenty hasn't dented prices.

The latest statistics from realestate.co.nz the Bay of Plenty is also one of three regional areas that have reached all time asking price highs, alongside Nelson Bays and Southland.

Spokesperson Vanessa Taylor says the average asking price in the Bay was up 6.6 per cent to $680,754 dollars.

She says there has been a drop of around 11 per cent year on year on the numbers of new listings nationally, but in the Bay the drop was only 1 point 8 per cent.

Ms Taylor says neither last week's Reserve Bank announcement or the Overseas Investment Amendment Bill coming into effect appear to have effected interest in buying in New Zealand, although it's possible a steep drop in asking prices in the Central Otago-Lakes District is down to the new restrictions on who can buy residential land deemed "sensitive".

Emma Griffiths