The Bay of Plenty region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Bay of Plenty region at 385 in the month rose on a seasonally adjusted basis in June, and was up a significant 23% as compared to a year ago. The inventory of unsold houses fell to 50 weeks; this still leaves the region slightly below the long-term average of 57 weeks of equivalent sales.
Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $319,100 was up 1% as compared to a year ago and up on the prior month. The asking price expectation of new listings in the Bay of Plenty was flat as compared to a year ago at $413,292.
The level of new listings coming onto the market in June at 734 was down from May and up 11% as compared to a year ago.