The Unconditional Blog

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

Property sales in the Nelson region at 152 in the month rose on a seasonally adjusted basis in May but were down by 4% as compared to a year ago. The inventory of unsold houses on the market fell to 37 weeks, but remains above the long-term average of 30 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $343,250 was down 2% as compared to a year ago, and was slightly down from the prior month. The asking price expectation of new listings was up 10% as compared to a year ago at $431,920.

The level of new listings coming onto the market in May at 205 was down as compared to April but up 5% as compared to a year ago.

The Nelson 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 147 in the month rose on a seasonally adjusted basis in March but were down by 7% as compared to a year ago. The inventory of unsold houses rose sharply to remain well above the long-term average at 48 weeks of equivalent sales.

Median sales price at $340,000 was down 4% as compared to a year ago and down from the prior month. The asking price expectation of new listings was in contrast up 3% as compared to a year ago at $427,727.

The level of new listings coming onto the market in March at 273 grew as compared to February but was down 6% as compared to a year ago.

The Nelson district Property Market factsheet for August 2010 can be downloaded by clicking this icon.

Property sales in the Nelson region rose in July following a significant fall in June as measured in a seasonally adjusted basis. There were 113 sales in July compared to 98 in June. On a moving annual basis sales are up 3.5% with 1,622 properties sold in past 12 months compared to 1,567 in the prior 12 months.

The inventory of properties on the market in July rose again in July to 29 weeks of equivalent sales. This level of inventory is just in line with the long term average of 28 weeks. This would indicate that the market is fairly well balanced between buyers and sellers.

Property prices for the Nelson are included in the broad Nelson / Marlborough regional median property price, in July this price was $327,000 down by just 0.3% on July 2009.