The rural real estate market in the Bay of Plenty is among the most active in New Zealand, according to the Real Estate Institute of New Zealand.

This is despite REINZ figures also showing it is taking longer to sell a residential property in the Bay of Plenty compared to most other regions.
The Bay of Plenty came in behind Canterbury and Northland with the highest number of farms sold in the three months to August.
There were 22 farms sold in the Bay of Plenty in the three months to August, compared to Canterbury with 27 sales and Northland with 24 sales.
REINZ rural spokesperson Peter McDonald says the figures show good activity, especially in the dairy sector.
'The August figures are not the best we have seen, but there is a definite air of optimism in the sector with interest rates stabilising and good sales recorded by Fonterra,” says Peter.
The median price for farms nationwide has also dropped slightly in the three months to August 2009 at $1m, compared with $1.2m in the three months to July this year.
The national median price for lifestyle properties in the three months to August 2009 is $430,000, exactly the same as the corresponding period in 2007 and up by $10,000 on the three months to July 2009.