The Unconditional Blog

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.

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.

The 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.

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.

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.