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Bay of Plenty region – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Bay of Plenty Property Market Factsheet

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

Property sales at 371 in the month rose on a seasonally adjusted basis in March and were up a modest 1% as compared to a year ago. The inventory of unsold houses rose slightly to remain above the long-term average at 63 weeks of equivalent sales.

Median sales price for the whole of the Waikato / Bay of Plenty region at $305,000 was down 5% as compared to a year ago and down from the prior 2 months. The asking price expectation of new listings in the Bay of Plenty was down 4% as compared to a year ago at $411,630.

The level of new listings coming onto the market in March at 881 was up from February but down a significant 20% as compared to a year ago.

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