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Bay of Plenty Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Bay of Plenty Property Market Factsheet

The Bay of Plenty region property pulse factsheet for April 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Bay of Plenty region at 340 in the month rose on a seasonally adjusted basis in April and also up 6% as compared to a year ago. The inventory of unsold houses rose to 72 weeks from 63 weeks in March, this still laces the region well above the long-term average of 53 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $312,875 was down 1% as compared to a year ago but up on the prior month. The asking price expectation of new listings in the Bay of Plenty was down 7% as compared to a year ago at $401,148.

The level of new listings coming onto the market in April at 629 was up from March and down a significant 23% as compared to a year ago.

 

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