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Archive for the ‘Gisborne Property Market Factsheet’ Category

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Gisborne Property Pulse factsheet – July 2012

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

The Gisborne district 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 Gisborne region at 42 in the month matched the prior month and showed a strong rise on a seasonally adjusted basis in July. The sales were also up a very significant 68% as compared to a year ago. The inventory of unsold houses though fell to 44 weeks which is just slightly below the long-term average of equivalent sales at 47 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $190,000 was down 10% as compared to a year ago but up from the prior month. Prices have taken a significant downward path over the first half of 2012. The asking price expectation of new listings in the Gisborne region was also down 10% as compared to a year ago at $271,783, this was also down from the June figure of $296,275.

The level of new listings coming onto the market in July at 77 was up as compared to June and up 6% as compared to a year ago.

This data indicates that the Gisborne region is staging a strong recovery with very strong level of sales probably driven by realistic pricing both in terms of asking price and sales price. The available inventory is falling steadily which is not quite being met by new listings and could see a further tightening in the coming months.

 

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Gisborne Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Gisborne Property Market Factsheet

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

Property sales across the Gisborne region at 42 in the month rose on a seasonally adjusted basis in June, but was up a very significant 40% as compared to a year ago. The inventory of unsold houses though rose to 51 weeks which is just slightly above the long-term average of equivalent sales.

Median sales price of property sold during the month in Gisborne at $189,500 was down 34% as compared to a year ago and down from the prior month. Prices have taken a significant downward path over the first half of 2012. The asking price expectation of new listings in the Gisborne region was also down 3% as compared to a year ago at $296,275, this did though represent a rise from the May figure of $235,921.

The level of new listings coming onto the market in June at 69 was down as compared to May and down 3% as compared to a year ago.

 

 

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Gisborne Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Gisborne Property Market Factsheet

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

Property sales across the Gisborne region at 44 in the month fell on a seasonally adjusted basis in May, but was up 5% as compared to a year ago. The inventory of unsold houses fell to 47 weeks which is exactly in line with the long-term average of equivalent sales.

Median sales price of property sold during the month in Gisborne at $200,000 was down 17% as compared to a year ago and down from the prior month. The asking price expectation of new listings in the Gisborne region was down a significant 25% as compared to a year ago at $235,921.

The level of new listings coming onto the market in May at 105 was up compared to April and significantly up 25% as compared to a year ago.

 

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Gisborne Property Pulse factsheet – November 2011

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

The Gisborne district 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 Gisborne region at 31 in the month rose slightly on a seasonally adjusted basis in November, but was down 213% as compared to a year ago. The inventory of unsold houses remains fairly static at around 63 weeks which is well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $245,000 was down 7% as compared to a year ago but up from the prior month. The asking price expectation of new listings in the Gisborne region was down a significant 29% as compared to a year ago at $260,189.

The level of new listings coming onto the market in November at 76 was up compared to October and significantly down 11% as compared to a year ago.

 

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Gisborne Property Pulse factsheet – October 2011

Posted on: November 29th, 2011 | Filed in Gisborne Property Market Factsheet

The Gisborne district 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 Gisborne region at 27 in the month fell on a seasonally adjusted basis in October, but was up 13% as compared to a year ago. The inventory of unsold houses remains fairly static at around 62 weeks which is well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $218,500 was down 13% as compared to a year ago and down from the prior month. The asking price expectation of new listings in the Gisborne region was down 1% as compared to a year ago at $301,534.

The level of new listings coming onto the market in October at 71 was down compared to September and significantly down 19% as compared to a year ago.

 

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Gisborne Property Pulse factsheet – May 2011

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

The Gisborne district 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 Gisborne region at 42 in the month rose on a seasonally adjusted basis in May and were up a significant 24% as compared to a year ago. The inventory of unsold houses rose again to 64 weeks to remain well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $240,000 was down 6% as compared to a year ago although it was up from the prior month. The asking price expectation of new listings in the Gisborne region was down 2% as compared to a year ago at $330,140.

The level of new listings coming onto the market in May at 84 was significantly down from April and up just 1% as compared to a year ago.

 

 

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Gisborne Property Pulse factsheet – April 2011

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

The Gisborne district 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 Gisborne region at 30 in the month fell on a seasonally adjusted basis in April and were down a significant 17% as compared to a year ago. The inventory of unsold houses rose again to 60 weeks to remain well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $220,250 was up 2% as compared to a year ago and down slightly from the prior month. The asking price expectation of new listings in the Gisborne region was up 6% as compared to a year ago at $328,733.

The level of new listings coming onto the market in April at 190 was significantly marginally up from March and up 135% as compared to a year ago.

 

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Gisborne – Property Pulse factsheet – March 2011

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

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

Property sales at 39 in the month fell on a seasonally adjusted basis in March and were down a significant 24% as compared to a year ago. The inventory of unsold houses rose again to remain just above the long-term average at 53 weeks of equivalent sales.

Median sales price at $225,000 was down 10% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down just 2% as compared to a year ago at $323,405.

The level of new listings coming onto the market in March at 79 was marginally up from February but down a very significant 48% as compared to a year ago.

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Gisborne – Proprty Market Pulse factsheet – October 2010

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

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

Property sales in Gisborne fell significantly in September as measured on a seasonally adjusted basis. A total of 28 sales were recorded in the month. This compares with 43 sales in September 2009. In the first 9 months of 2010 a total of 316 properties have been sold compared to 395 over the same period in 2009.

Gisborne seasonally adjuested property sales - Sep 2010Inventory of houses on the market fell again in September to 38 weeks of equivalent sales. The September level is now below the long term average of 43 weeks. This would indicate that the market is more balanced and could be edging to a seller’s market with a shortage of listings.

Gisborne_inventory_of_unsold_homes_-_Sep_2010

Property prices for the Gisborne are included in the broad Waikato / Bay of Plenty regional median property price, in September this price was $314,324 which was down 0.2% on July 2009 price.

Waikato_BOP_median_house_price_Sep_2010

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Gisborne – Property Market Pulse factsheet – August

Posted on: August 25th, 2010 | Filed in Gisborne Property Market Factsheet

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

Property sales in Gisborne remained flat in July as measured on a seasonally adjusted basis. A total of 31 sales were recorded in the month. This compares with 42 sales in July 2009. On a moving annual basis sales are down by 9.4%. IN the past 12 months sales have totaled 455 compared to 502 in the prior 12 months.

Gisborne property sales July 2010

Inventory of houses on the market rose again in July to 56 weeks of equivalent sales. The July level is still well above the long term average of 43 weeks. This would indicate that the market is still favouring buyers.

Gisborne inventory of unsold houses - July 2010

Property prices for the Gisborne are included in the broad Waikato / Bay of Plenty regional median property price, in June this price was $315,000 which was down 1.6% on July 2009 price.

Waikato BOP regional property prices July 2010

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