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Bay of Plenty Property Pulse factsheet – November 2011

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

The Bay of Plenty region property pulse factsheet for November 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 349 in the month rose significantly on a seasonally adjusted basis in November, and was up 9% as compared to a year ago. The inventory of unsold houses remained at 55 weeks; this still leaves the region slightly 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 $310,000 was down 3% as compared to a year ago and down on the prior month. The asking price expectation of new listings in the Bay of Plenty was up 6% as compared to a year ago at $420,291.

The level of new listings coming onto the market in November at 881 was up from October and down 18% as compared to a year ago.

 

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