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Canterbury Property Pulse factsheet – October 2011

Posted on: November 28th, 2011 | Filed in Canterbury Property Market Factsheet

The Canterbury 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 Canterbury region at 665 fell in the month on a seasonally adjusted basis in October, but were up a significant 33% as compared to a year ago. The inventory of unsold houses on the market fell further to 25 weeks, well below the long-term average of 33 weeks of equivalent sales.

The stratified mean sales price for properties sold in Christchurch at $349,025 was up 3% as compared to a year ago, but down from the prior month. The asking price expectation of new listings was up by 3% as compared to a year ago at $372,616.

The level of new listings coming onto the market in October at 1,293 was down on prior month and down 1% as compared to a year ago.

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