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Archive for the ‘Canterbury Property Market Factsheet’ Category

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Canterbury Property Pulse factsheet – November 2011

Posted on: December 19th, 2011 | Filed in Canterbury Property Market Factsheet

The Canterbury 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 Canterbury region at 771 rose in the month on a seasonally adjusted basis in November, but were up a significant 19% as compared to a year ago. The inventory of unsold houses on the market fell further to just 23 weeks, well below the long-term average of 33 weeks of equivalent sales. This signifies a significant shortage in the region and certainly favours sellers in the market.

The stratified mean sales price for properties sold in Christchurch at $367,025 was up 11% as compared to a year ago, and up from the prior month. There has certainly been a strengthening of prices through all of 2011 in the region as inventory and listings have dropped. The asking price expectation of new listings was up by 4% as compared to a year ago at $375,836.

The level of new listings coming onto the market in November at 1,460 was well up on prior month but down 1% as compared to a year ago.

 

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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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Canterbury Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Canterbury Property Market Factsheet

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

Property sales across the Canterbury region at 616 fell very slightly in the month on a seasonally adjusted basis in May and were down 12% as compared to a year ago. This clearly shows the devastating impact of the February earthquake on the city of Christchurch and the wider Canterbury region. The inventory of unsold houses on the market fell to 44 weeks to remain above the long-term average of 33 weeks of equivalent sales.

The stratified mean sales price for properties sold in Christchurch at $341,205 was unchanged from a year ago but up from the prior month. The asking price expectation of new listings was up slightly by 2% as compared to a year ago at $365,432.

The level of new listings coming onto the market in May at 1,188 was up slightly on prior month and down a significant 29% as compared to a year ago.

 

 

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Canterbury Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Canterbury Property Market Factsheet

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

Property sales across the Canterbury region at 595 rose significantly in the month on a seasonally adjusted basis in April and were down a 16% as compared to a year ago. This clearly shows the devastating impact of the February earthquake on the city of Christchurch and the wider Canterbury region. The inventory of unsold houses on the market rose again to 50 weeks to remain above the long-term average of 33 weeks of equivalent sales.

The stratified mean sales price for properties sold in Christchurch at $329,530 was down 4% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down slightly by 2% as compared to a year ago at $362,597.

The level of new listings coming onto the market in April at 1,126 was again down on prior month and down a significant 32% as compared to a year ago.

 

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Canterbury – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Canterbury Property Market Factsheet

The Canterbury 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 446 in the month fell significantly on a seasonally adjusted basis in March and were down a very significant 47% as compared to a year ago. This clearly shows the devastating impact of the February earthquake on the city of Christchurch and the wider Canterbury region. The inventory of unsold houses rose again to remain above the long-term average at 41 weeks of equivalent sales.

The stratified mean sales price at $350,838 was up 3% as compared to a year ago and up from the prior month. The asking price expectation of new listings was down slightly by 1% as compared to a year ago at $357,986.

The level of new listings coming onto the market in March at 1,297 was up slightly as compared to February but down a significant 36% as compared to a year ago.

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Canterbury – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Canterbury Property Market Factsheet

Realestate_DownloadNowThe Canterbury region Property Market factsheet for October 2010 can be downloaded by clicking this icon.

Property prices based on the stratified pricing model for Christchurch fell sharply in September to $330,750 from $349,595 in June. Compared to September 2009 prices are down 5.5%.

Christchurch stratified mean house price - Sep 2010

Across the Canterbury region the impact of the earthquake impacted sales. There were 359 sales in September as compared to 584 in August.

Canterbury seasonally adjusted property sales - Sep 2010

Inventory of houses on the market remained flat in September at 33 weeks of equivalent sales; this figure is close to the long term average in the region of 31 weeks. In overall terms the property market across the Canterbury region is fairly well balanced between buyers and sellers, however the circumstances across the region over the coming months will be heavily influenced by the after effects of the earthquake.

Canterbury inventory of unsold houses - Sep 2010

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Canterbury – Monthly Property Pulse factsheet – August 2010

Posted on: August 26th, 2010 | Filed in Canterbury Property Market Factsheet

Realestate_DownloadNowThe Canterbury region Property Market factsheet for August 2010 can be downloaded by clicking this icon.

Property prices based on the stratified pricing model for Christchurch rose in July to $351,375 from $349,595 in June. Compared to July 2009 prices are up 7.4%.

Christchurch_stratified_property_prices_July_2010

Across the Canterbury region property sales remain flat on a seasonally adjusted basis with no movement between June and July. There were 651 sales in July as compared to 674 in June. On a moving annual basis sales are down very slightly by 1.8% in the past year 9,028 properties have been sold as compared to 9,196 in the prior 12 months.

Canterbury_property_sales_-_July_2010

Inventory of houses on the market remained flat in July at 35 weeks of equivalent sales; this figure is close to the long term average in the region of 31 weeks. In overall terms the property market across the Canterbury region is fairly well balanced between buyers and sellers.

Canterbury_inventory_of_unsold_houses_July_2010

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Canterbury – Property Pulse Market factbook – July 2010

Posted on: July 22nd, 2010 | Filed in Canterbury Property Market Factsheet

My-Adobe-PDF-Files-iconThe Canterbury Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property prices based on the stratified pricing model for Christchurch rose in June to $349,595 from $339,530 in May. Compared to June 2009 prices are up 7.8%.

Christchurch stratified house price Jul 2010

Across the Canterbury region property sales remain subdued on a seasonally adjusted basis up just 4.4% from May. There were 674 sales in June as compared to 697 in May. Sales for the first half of 2010 at 4,178 reflect an 18% lower level than the same period on 2009.

Canterbury property sales July 2010

Inventory of houses on the market fell again in June from the May level of 36 weeks of equivalent sales to 35 weeks in June; this figure is close to the long term average in the region of 31 weeks.

Canterbury inventory of property on the market July 2010

In overall terms the property market across the Canterbury region continues to be steady with a slight advantage to buyers, although sales volumes remain subdued.

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Canterbury – Property market pulse factsheet – June 2010

Posted on: June 24th, 2010 | Filed in Canterbury Property Market Factsheet

Property prices based on the stratified pricing model for Christchurch dipped in May to $339,530 from $344,040 in April. Compared to May 2009 prices are up 4.2%.

NZ Property market pulse factsheet - Christchurch stratified price June 2010 Realestate.co.nz

Across the Canterbury region property sales remain subdued on a seasonally adjusted basis with 672 in May as compared to 692 in April. Sales for the first 5 months of 2010 reflect a 17% lower level than the same period on 2009.

NZ Property market pulse factsheet - Canterbury sales June 2010 Realestate.co.nz

Inventory of houses on the market fell in May from the April level of 42 weeks of sale to 36 weeks, this figure is close to the long term average in the region of 31 weeks.

NZ Property market pulse factsheet - Canterbury inventory June 2010 Realestate.co.nz

In overall terms the property market across the Canterbury region continues to be steady with a slight advantage to buyers, although sales volumes remain subdued.

The Canterbury region – Property market pulse factsheet for June 2010 is available as a pdf download document.