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Bay of Plenty – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Bay of Plenty Property Market Factsheet

Realestate_DownloadNowThe Bay of Plenty region Property Market factsheet for October 2010 can be downloaded by clicking this icon.

Property sales in the Bay of Plenty picked up slightly in August and September. Sales in September totaled 307 as compared to 411 in September 2009.

Bay_of_Plenty_seasonally_adjusted_sales_Sep_2010Inventory of houses on the market rose once again in September to 72 weeks of equivalent sales. This level of inventory remains high relative to the long term average of 55 weeks. This would indicate that the market still holds a slight advantage for buyers.

Bay_of_Plenty_inventory_of_unsold_houses_Sep_2010

Property prices for the Bay of Plenty are included in the broad Waikato / Bay of Plenty regional median property price, in September this price was $314,324 which was down 0.2% on Sep 2009 price. Property prices remain some 6% below the peak of the market in Feb 2008 when prices reached $333,000.Waikato_BOP_median_house_price_Sep_2010

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