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Bay of Plenty Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Bay of Plenty Property Market Factsheet

The Bay of Plenty region property pulse factsheet for May 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 384 in the month rose on a seasonally adjusted basis in May and also up a significant 24% as compared to a year ago. The inventory of unsold houses fell to 67 weeks from 73 weeks in March, this still laces the region well above 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 $315,000 was up 3% as compared to a year ago and up slightly on the prior month. The asking price expectation of new listings in the Bay of Plenty was down 13% as compared to a year ago at $384,610.

The level of new listings coming onto the market in May at 786 was up from April but down 8% as compared to a year ago.

 

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