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Archive for the ‘Northland Property Market Factsheet’ Category

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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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Northland Property Pulse factsheet – June 2012

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

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

Property sales in Northland at 153 showed a significant rise on a seasonally adjusted basis in June and is up a very significant 39% as compared to a year ago. The inventory of unsold houses on the market at 126 weeks has barely changed from the prior month of 124. It is does sit just below the long-term average of 133 weeks of equivalent sales.

Median sales price for property sales in Northland at $308,000 is down 4% as compared to a year ago, although up significantly from May. The recent trend has been of a flat pricing for the past year. The asking price expectation of new listings fell in June to $403,906, but was up 4% from the asking price in June last year.

The level of new listings coming onto the market in June at 427 was down significantly from May, and yet up 21% as compared to a year ago.

 

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Northland Property Pulse factsheet – May 2012

Posted on: June 19th, 2012 | Filed in Northland Property Market Factsheet

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

Property sales in Northland at 150 in the month decreased on a seasonally adjusted basis in May and is up 13% as compared to a year ago. The inventory of unsold houses on the market at 124 weeks has fallen from the prior month of 141. It is now just below the long-term average of 133 weeks of equivalent sales.

Median sales price for property sales in Northland at $280,000 is down 2% as compared to a year ago. The recent trend has been a slight drop off having seen a strengthening in the second half of 2011. The asking price expectation of new listings rose in May to $450,142, a 15% fall from the asking price in May last year.

The level of new listings coming onto the market in May at 578 was down significantly from April, but up 56% as compared to a year ago.

 

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Northland Property Pulse factsheet – November 2011

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

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

Property sales in Northland at 136 in the month increased on a seasonally adjusted basis in November and is up 26% as compared to a year ago. The inventory of unsold houses on the market at 136 weeks has risen after falling to a low of 128 weeks. It is now just back above the long-term average of 130 weeks of equivalent sales.

Median sales price for property sales in Northland at $305,000 is down 2% as compared to a year ago. The recent trend has been a continued decline over the prior 6 months although the past month has seen a slight pick-up. The asking price expectation of new listings fell in November to $365,293, an 8% fall from the asking price in November last year.

The level of new listings coming onto the market in November at 713 was up significantly from October and up 46% as compared to a year ago.

 

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Northland Property Pulse factsheet – October 2011

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

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

Property sales in Northland at 102 in the month fell significantly on a seasonally adjusted basis in October and is below the levels of a year ago. The inventory of unsold houses on the market at 128 weeks is in line with long-term average at 130 weeks of equivalent sales.

Median sales price for property sales in Northland at $292,500 is down 7% as compared to a year ago and continues a declining trend from the prior 6 months. The asking price expectation of new listings rose in October to $410,736, whilst still the same level as compared to a year ago.

The level of new listings coming onto the market in October at 622 was up significantly from September and up a significant 31% as compared to a year ago.

 

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Northland Property Pulse factsheet – May 2011

Posted on: June 15th, 2011 | Filed in Northland Property Market Factsheet

The Northland 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 Northland at 133 in the month rose on a seasonally adjusted basis in May but remain well below the levels of a year ago. The inventory of unsold houses on the market at 200 weeks remains well above the long-term average at 127 weeks of equivalent sales.

Median sales price for property sales in Northland at $285,000 is down 12% as compared to a year ago and continues a significant declining trend from the prior 2 months. The asking price expectation of new listings also fell in May to $375,885, showing a 1% rise as compared to a year ago.

The level of new listings coming onto the market in May at 370 was down significantly from April and down 41% as compared to a year ago.

 

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Northland Property Pulse factsheet – April 2011

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

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

Property sales in Northland at 98 in the month fell on a seasonally adjusted basis in April but remain well below the levels of a year ago. The inventory of unsold houses remains well above the long-term average at 234 weeks of equivalent sales.

Median sales price for property sales in Northland at $292,000 is down 9% as compared to a year ago and continues a declining trend from the prior 2 months. The asking price expectation of new listings though rose in April to $396,548, whilst still 4% down as compared to a year ago.

The level of new listings coming onto the market in April at 405 was down significantly from March and down 28% as compared to a year ago.

 

 

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Northland – Property Pulse factsheet – March 2011

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

The Northland 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 122 in the month rose on a seasonally adjusted basis in March but remain below the levels of a year ago. The inventory of unsold houses remains well above the long-term average at 213 weeks of equivalent sales.

Median sales price at $331,000 is up 4% as compared to a year ago and up from the prior 2 months. The asking price expectation of new listings though is down 16% as compared to a year ago at $360,976.

The level of new listings coming onto the market in March at 474 was marginally up from February but down 23% as compared to a year ago.

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Northland – Property Market Pulse factsheet – October 2010

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

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

Property prices fell back in September to $300,000. This is showing a year on year increase of 5.3% although as judged against the peak in April of 2008 prices are down 16%.

Northland median house prices - Sep 2010Sales on a seasonally adjusted basis barely changed in September, down just 1.9%, however the trend is downward since April. In the first 9 months of 2010 a total of 971 properties have been sold compared to 1,234 in the same period of 2009.

Northland seasonally adjusted property sales - Sep 2010The Inventory of houses on the market grew again in September to 168 weeks of equivalent sales, this continues to be well ahead of the long term average in the region of 110 weeks.

Northland_inventory_of_unsold_homes_-_Sep_2010In overall terms the property market in the Northland region continues to reflect a buyer’s market.

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Northland – Property Market Pulse factsheet – August 2010

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

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

Property prices rebounded in July to break through $300,000. This however is still 2.5% below July last year and 14% below the peak in April of 2008.

Northland property prices July 2010

Sales on a seasonally adjusted basis barely changed in July with a total of 102 sales in the month. Measured on a 12 month rolling basis the annualized sales are 1,493 which is down 5% as compared to the prior period.

Northland property sales July 2010

Inventory of houses on the market remains high at 145 weeks of equivalent sales, this continues to be well ahead of the long term average in the region of 110 weeks.

Northland inventory of unsold houses JUly 2010

In overall terms the property market in the Northland region continues to reflect a buyer’s market.

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