The region's booming economy has helped fuel a 6.7 per cent jump in property values, a property expert says.
QV's May residential price movement index showed Tauranga average home values increased 6.7 per cent year-on-year to $480,727.
Values in Western Bay of Plenty also increased - up 1.7 per cent to $424,824.
A recent report by ANZ showed the region's economy was the fastest growing in the country - up 4.8 per cent year-on-year, compared to a national increase of 3.5 per cent.
Eves and Bayleys Real Estate chief executive Ross Stanway said the region was appealing to out-of-town buyers.
"These real-estate statistics are in a way of a consequence of [economic growth] but also a cause," he said. "Employment has grown 13 per cent year-on-year so people are coming to the region for new jobs with new businesses that have relocated here or existing businesses that are expanding."
Good properties were getting snapped up fast, he said.
"Properties that are well listed and marketed are facing a very ready and quick market. We're certainly seeing it now in our auction properties where there's a very high level of buyer activity.
"In some cases, we're bringing auctions with four-week campaigns forward to just two weeks.
"We'll also almost inevitably get multiple offers on good properties listed."
Mr Stanway expected the busy times to continue. "Days of winter being a quiet time are long gone. We've had some excellent months in the past couple of winters as people have a bit more time to go around to open homes and explore the market."
By Rebecca Savory, Catherine Gaffaney - Bay of Plenty Times
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