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Bay of Plenty Property Pulse factsheet – October 2011

Posted on: November 29th, 2011 | Filed in Bay of Plenty Property Market Factsheet

The Bay of Plenty region property pulse factsheet for October 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 279 in the month fell significantly on a seasonally adjusted basis in October, but was up 9% as compared to a year ago. The inventory of unsold houses remained at 56weeks, 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 $315,475 was up 3% 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 up 4% as compared to a year ago at $430,384.

The level of new listings coming onto the market in October at 765 was down from September and down 5% as compared to a year ago.

 

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