If you’ve been paying attention to residential real estate activity in Central, you will have noticed that Clyde is consistently in demand, with prices reflecting that popularity.

Seven years ago, an entry level property in Clyde would have cost between $250 and $350 thousand. At that time, holiday homes outnumbered locals. Neither of those hold true today.

“We just want Clyde” is a familiar refrain to agents who try to coax buyers to look at the wider district.

What is it about Clyde that has driven its renaissance?

Buyers love the historic feel in the town. The retention and refurbishment of the old buildings offers an appealing look. The commercial developments in Sunderland and Holloway Streets have retained the old timey feel but also offer a modern vibe. The clustering of eateries and tourism-driven businesses give the town a buzz.

The size of Clyde is also a feature of its popularity. Its small enough to be able to walk everywhere, but large enough to have good facilities. Thriving clubs – tennis, bowls and golf – and an active arts community attract buyers, as does the new hospital.

Geographically, its proximity to the lake, and its position at the start of the rail trail and the end of both the popular Millenium track and the new Dunstan trail also appeal.

In fact, the popularity of the bike trails means tourists who used to focus on Queenstown and Wanaka are now coming to Central Otago. Consequently, our housing market has been exposed to a whole new audience.

Retirees, in particular, are attracted to the area. Those buyers are often holiday makers who have been coming to Clyde, perhaps staying at the campground, for many years and are ready to make a permanent move.

But there are only so many properties available in Clyde. Its spread is geographically limited by the river and the hills with Mutton Town being the only direction it can really grow in.

Sunderland Park at the south end of town has 90 sections ranging upwards from 400 square metres. Aurum on Clutha, the new retirement village being built in the same area, has some units underway and they will hopefully finished by winter. Other than these new builds most of Clyde’s turnover is in existing homes.

When demand outstrips supply prices rise, and Clyde consistently outperforms Alexandra by 10-15%.

So, if you are thinking of buying in Clyde, you need to be quick off the mark. Turnover is steady even in today’s real estate market.

If you want any further information, as a buyer or seller, get in touch with us at Tall Poppy.