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Archive for the ‘Property Pulse – Regional Market Report’ Category

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Property Pulse – July 2012

Posted on: August 22nd, 2012 | Filed in Featured, Property Pulse - Regional Market Report

On a regular basis we publish a factsheet for each region of the country as well as a national report to provide an insight to the key numbers that detail the health of the property market across the country.

These reports for the month of July covers all 16 provincial regions as well as reports covering the 3 main metropolitan regions of Auckland, Wellington and Christchurch. The Auckland report is divided up into each of the main metro areas (North Shore, Waitakere, Manukau as well as Auckland City).

Each factsheet provides the key numbers in table and chart form using the key statistics from the Real Estate Institute of NZ and Realestate.co.nz. This provides the number of property sales in the month, the median sales price for those property sales, the inventory of unsold properties on the market, as well as the number and the asking price expectation of new listings brought onto the market in the month.

 

 

Metropolitan Areas

Auckland Region

Auckland City

North Shore

Waitakere

Manukau

Wellington

Chistchurch

Provincial Areas

Northland

Coromandel

Waikato

Bay of Plenty

Central North Island

Hawkes Bay

Gisborne

Taranaki

Manawatu / Wanganui

Wairarapa

Nelson

Marlborough

West Coast

Otago

Queenstown Lakes

Southland

 

National Property Pulse factsheet – July 2012

The national property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the country totaled 5,907 in the month showing a very small fall on a seasonally adjusted basis in July but at the same time representing a 20% increase as compared to a year ago. The inventory of unsold houses on the market rose slightly to 31 weeks reversing what had been a steady decline, the level is though well below the long term average of 40 weeks. This level of unsold properties on the market represents a very clear sellers market..

The stratified median house price for property sales in July was $380,425, which represents a 5% increase from July last year. There was a small fall from June which itself was a new record level for the country. The recent trend continues the steady increase for the past 18 months. The asking price expectation of new listings rose in July to $429,181 as measured on a seasonally adjusted basis, this represents a 4% increase from the asking price in July last year.

The level of new listings coming onto the market in July at 10,685 was down slightly on the June total of 10,794, but up 19% as compared to a year ago.

 

 

 

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Northland Property Pulse factsheet – July 2012

Posted on: August 22nd, 2012 | Filed in Northland Property Market Factsheet

The Northland region property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in Northland at 139 showed a fall on a seasonally adjusted basis in July however as compared to July 2011 sales are up 19%. The inventory of unsold houses on the market fell in July to 103 weeks of equivalent sales from 126 weeks in June, as compared to July last year inventory is down 35%. This places the level of inventory below the long-term average of 133 weeks of equivalent sales.

Median sales price for property sales in Northland at $295,000 is up 8% as compared to a year ago, although down slightly from June. The recent trend continues to see selling prices remain flat over the past year. The asking price expectation of new listings fell in July to $358,710 and was down 6% from the asking price in July last year.

The level of new listings coming onto the market in July rose strongly to 547, representing a 63% year-on-year growth.

The data indicates that the Northland region is generating a good level of property activity with sales showing growth, a strong level of new listings and a stable price level. The inventory whilst showing a fall in the month is adequate to match buyer demand with the supply of new listings from sellers.

 

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Auckland Region Property Pulse factsheet – July 2012

Posted on: August 22nd, 2012 | Filed in Auckland Property Market Factsheet

The Auckland region property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Auckland region totaled 2,264 in the month showing a rise on a seasonally adjusted basis. As compared to July last year sales are up a very strong 29%. The inventory of unsold houses across region at 18.9 weeks remains firmly well below the long-term average of 32 weeks of equivalent sales.

The stratified median house price at $532,100 rose 9% as compared to a year ago to reach a new high. Prices started to rise across the region in the beginning of 2011 where the price in January 2011 was $464,425 and have risen steadily since then to the new level of $532,100 a rise of 14%. The asking price expectation of new listings equally rose to $574,932 edging close the record level set in May and showing a year-on-year growth of 6%.

The level of new listings coming onto the market across the wider Auckland region in July at 3,667 were up 21% as compared to a year ago.

The data indicates that across the Auckland region the property market continues to show strong growth, demand for property is strong which has been the case for over the past 9 months, this matched to low inventory and strong selling price appreciation places the market firmly to the advantage of sellers who are able to influence the market direction through supply management.

 

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Auckland – North Shore Property Pulse – July 2012

Posted on: August 22nd, 2012 | Filed in Auckland Property Market Factsheet

The Auckland North Shore property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales on the North Shore of Auckland totaled 460 in July identical to June, which on a seasonally adjusted basis showed a strong rise. As compared to July 2011 sales were up 26%. The inventory of unsold houses across the wider Auckland region at 18.9 weeks remains firmly well below the long-term average of 32 weeks of equivalent sales.

The median sales price for properties sold on the North Shore in July at $615,000 was up 12% from a year ago. The asking price expectation of new listings across the wider Auckland region rose in the month and recorded a 6% rise as compared to July last year to $574,932.

The level of new listings coming onto the market across the wider Auckland region in July at 3,667 were up 21% as compared to a year ago.

The data indicates that the North Shore of Auckland continues to show strong growth in the market, demand for property is strong which has been the case for over the past 9 months, this matched to low inventory and strong selling price appreciation places the market firmly to the advantage of sellers who are able to influence the market direction through supply management.

 

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Auckland – Waitakere Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Auckland Property Market Factsheet

The Auckland – Waitakere property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Waitakere area of Auckland totaled at 329 in the month only just less than the total in June. On a seasonally adjusted basis sales were up on June and up a very significant 39% on July 2011. The inventory of unsold houses across the wider Auckland region at 18.9 weeks remains firmly well below the long-term average of 32 weeks of equivalent sales.

The median sales price for property in the Waitakere region of Auckland at $416,000 is up 7% as compared to a year ago. The asking price expectation of new listings across the wider Auckland region rose in the month and recorded a 6% rise as compared to July last year to $574,932.

The level of new listings coming onto the market across the wider Auckland region in July at 3,667 were up 21% as compared to a year ago.

The data indicates that the Waitakere region of Auckland continues to show strong demand which has been the case for over 18 months and especially in the past 7 months; this matched to low inventory and strong selling price appreciation places the market firmly to the advantage of sellers who are able to influence the market direction through supply management.

 

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Auckland – Central Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Auckland Property Market Factsheet

The Auckland City property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales within the City of Auckland totaled 741 in the month. This showed a fall on a seasonally adjusted basis in July but was up 22% on July 2011. The inventory of unsold houses across the wider Auckland region at 18.9 weeks remains firmly well below the long-term average of 32 weeks of equivalent sales.

The median sales price for property in Auckland City at $566,000 was up 9% as compared to July last year and up from the June level of $556,000. The asking price expectation of new listings across the wider Auckland region rose in the month and recorded a 6% rise as compared to July last year to $574,932.

The level of new listings coming onto the market across the wider Auckland region in July at 3,667 were up 21% as compared to a year ago.

The data indicates that the Auckland Central continues to show very strong demand which has been the case for over 18 months, this matched to low inventory and strong selling price appreciation places the market firmly to the advantage of sellers who are able to influence the market direction through supply management.

 

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Auckland – Manukau Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Auckland Property Market Factsheet

The Auckland – Manukau property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Manukau region of Auckland totaled 398 in the month, up slightly on a seasonally adjusted basis and up a significant 28% as compared to July last year. The inventory of unsold houses across the wider Auckland region at 18.9 weeks remains firmly well below the long-term average of 32 weeks of equivalent sales.

The median sales at $493,00 was up 11% as compared to July last year and held up well as compared to June which recorded a sale price of $495,200. The asking price expectation of new listings across the wider Auckland region rose in the month and recorded a 6% rise as compared to July last year to $574,932.

The level of new listings coming onto the market across the wider Auckland region in July at 3,667 were up 21% as compared to a year ago.

The data indicates that the Manukau region continues to show strong demand which has been the case for over 18 months, this matched to low inventory and strong selling price appreciation places the market firmly to the advantage of sellers who are able to influence the market direction through supply management.

 

 

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Coromandel Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Coromandel Property Market Factsheet

The Coromandel district property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Coromandel region totaled 42 in the month of July, this represented a rise on a seasonally adjusted basis and also showed a 5% rise as compared to a year ago. The inventory of unsold houses rose to 200 weeks of equivalent sales. This represents an 18% rise in inventory as compared to July last year and places current levels equal to the long term average.

Median sales price for property sold in the Coromandel in July at $312,500 a fall of just 1% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down 1% as compared to a year ago at $421,153 but up significantly on the June level of $421,153.

The level of new listings coming onto the market in July at 209 was up 8% as compared to a year ago and up from June indicating a start of a seasonal rise as the market heads into Spring.

The data indicates that the Coromandel region is a fairly balanced market with inventory levels right on long-term average which means that neither buyers nor sellers have the upper hand. Sales activity is steady as are sales price, the key driver of the market in the coming months will be governed by the supply side of new listings matched to sellers asking price expectations.

 

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Waikato Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Waikato Property Market Factsheet

The Waikato region property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Waikato region totaled 352 in the month. This reflected a fall as measured on a seasonally adjusted basis in July but was up 4% as compared to a year ago. The inventory of unsold houses fell to 35 weeks of equivalent sales still continues to see inventory remaining significantly below the long-term average of 48 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $305,100 was flat compared to a year ago, but down on the prior month. The asking price expectation of new listings rose 3% as compared to a year ago at $349,303, marginally down on the June figure of $352,462.

The level of new listings coming onto the market across the Waikato region in July at 670 was up 22% as compared to a year ago, but down as compared to June.

The data indicates that the Waikato region remains a clear sellers market with pressure in the supply of listings. The recent sales activity though appears to be slowing and this is probably constraining any inflationary pressure on prices which in the case of sales prices have not moved appreciably over the past 2 years.

 

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Bay of Plenty Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Bay of Plenty Property Market Factsheet

The Bay of Plenty region property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Bay of Plenty region totaled 358 in the month representing a fall off on a seasonally adjusted basis in July. The comparison to July last year shows an 18% increase and follows strong growth in sales over the past few months. The inventory of unsold houses fell to 47 weeks; this still leaves the region slightly below 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 $305,100 was flat compared to a year ago, but down 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 $424,424, which was up on the June level of $413,292.

The level of new listings coming onto the market in July at 705 was down from June and up only 1% as compared to a year ago.

The data indicates that the market in the Bay of Plenty region is tightening considerably with strong sales activity, which is depressing available inventory which is maintaining a sellers market. The latest level of new listings (or lack of them) ably demonstrates this. Despite this seller’s market sentiment the asking price and particularly sales price are not showing a significant inflationary pressure.

 

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