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Archive for the ‘Otago Property Market Factsheet’ Category

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Otago Property Pulse factsheet – July 2012

Posted on: August 20th, 2012 | Filed in Otago Property Market Factsheet

The Otago 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 the Otago region at 206 in the month fell on a seasonally adjusted basis in July but was up just 1% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 25 weeks, this level remains slightly below the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $246,000 was up 8% as compared to a year ago. The asking price expectation of new listings fell in July to $272,739 and shows a fall of 3% as compared to a year ago.

The level of new listings coming onto the market in July at 385 was down very slightly on June, and up a more significant 27% as compared to a year ago.

This data indicates that the Otago region marginally favours sellers in the market although the recent flow of new listings is moving the market back into a more balanced position.

 

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Otago Property Pulse factsheet – June 2012

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

The Otago 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 the Otago region at 225 in the month fell on a seasonally adjusted basis in June but was up 3% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 24 weeks, this level remains in line with the long-term average of 29 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $232,000 was up 4% as compared to a year ago. The asking price expectation of new listings rose in June to $281,723 and shows a 5% rise as compared to a year ago.

The level of new listings coming onto the market in June at 390 was up on May, and up a more significant 20% as compared to a year ago.

 

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Otago Property Pulse factsheet – May 2012

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

The Otago 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 the Otago region at 254 in the month rose slightly on a seasonally adjusted basis in May and were up 18% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 28 weeks, this level remains in line with the long-term average of 29 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $229,000 was down 3% as compared to a year ago, this hardly effected the slow but steady rise through the year and a half. The asking price expectation of new listings remained steady as compared to the prior month as shows a 4% rise as compared to a year ago at $277,850.

The level of new listings coming onto the market in May at 357 was up on April, and up a more significant 24% as compared to a year ago.

 

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Otago Property Pulse factsheet – November 2011

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

The Otago 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 the Otago region at 253 in the month rose slightly on a seasonally adjusted basis in November but were down 3% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 28 weeks, this level remains in line with the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $245,000 was up 7% as compared to a year ago, and continues a slow but steady rise through the year. The asking price expectation of new listings remained steady as compared to the prior month as shows a 3% rise as compared to a year ago at $280,378.

The level of new listings coming onto the market in November at 481 was well up on October, and was down just1% as compared to a year ago.

 

 

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Otago Property Pulse factsheet – October 2011

Posted on: November 28th, 2011 | Filed in Otago Property Market Factsheet

The Otago 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 the Otago region at 229 in the month fell on a seasonally adjusted basis in October and were up significantly by 27% as compared to a year ago. The inventory of unsold houses on the market rose very slightly to 29 weeks, currently this level is in line with the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $232,000 was down 5% as compared to a year ago, and up very slightly on the prior month. The asking price expectation of new listings was up 8% as compared to a year ago at $280,220.

The level of new listings coming onto the market in October at 407 was in line with September, but was down a significant 31% as compared to a year ago.

 

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Otago Property Pulse factsheet – May 2011

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

The Otago 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 Otago region at 215 in the month fell on a seasonally adjusted basis in May but were up 4% as compared to a year ago. The inventory of unsold houses on the market fell to 31 weeks, it now edges closer to the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $235,000 was up 2% as compared to a year ago, and unchanged from the prior month. The asking price expectation of new listings was down 1% as compared to a year ago at $264,286.

The level of new listings coming onto the market in May at 287 fell as compared to prior month and was down a significant 25% as compared to a year ago.

 

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Otago Property Pulse factsheet – April 2011

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

The Otago 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 the Otago region at 225 in the month rose slightly on a seasonally adjusted basis in April and were up 8% as compared to a year ago. The inventory of unsold houses on the market rose very slightly to 38 weeks to remain above the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $235,000 was flat as compared to a year ago, but up on the prior month. The asking price expectation of new listings was up 9% as compared to a year ago at $298,817.

The level of new listings coming onto the market in April at 377 fell as compared to prior month and was down a further 11% as compared to a year ago.

 

 

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Otago – Property Pulse factsheet – March 2011

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

The Otago 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 259 in the month rose slightly on a seasonally adjusted basis in March but were down 4% as compared to a year ago. The inventory of unsold houses rose to remain above the long-term average at 37 weeks of equivalent sales.

Median sales price at $215,000 was down 7% as compared to a year ago, and down on the prior month. The asking price expectation of new listings was up 4% as compared to a year ago at $278,625.

The level of new listings coming onto the market in March at 412 fell as compared to February but was down a significant 18% as compared to a year ago.

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Otago – Property Market Pulse factsheet – October 2010

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

Realestate_DownloadNowThe Otago district Property Market factsheet for October 2010 can be downloaded by clicking this icon.

The median property price in Otago remained static in September at $230,000. As compared to a year ago prices in the region are up down by 3.0%.

Otago median house price - Sep 2010Property sales slipped in September as measured on a seasonally adjusted basis. In September there were 191 sales compared to 199 in August. Over the first 9 months of 2010 a total of 1,823 properties have been sold as compared to 2,198 in the same period in 2009.

Otago seasonally adjusted property sales - Sep 2010

The inventory of houses on the market has remained fairly static over the past few months with September seeing 31 weeks of equivalent sales. This is still ahead of the long term average of 26 weeks, indicating that the market is still favouring buyers.

Otago_inventory_of_unsold_homes_-_Sep_2010

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Otago – Monthly Property Market Pulse factsheet – August 2010

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

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

The median property price in Otago rose significantly in June from $227,500 in June to $245,000. As compared to a year ago prices in the region are up by 9.9%.

Otago_property_prices_July_2010

Property sales remained fairly stable on a seasonally adjusted basis. In June there were 196 sales compared to 182 in June. On a moving annual basis property sales are up just 1.6% with 2,736 sales in the past 1 2months compared to 2,693 in the prior 12 months.

Otago_property_sales_July_2010

The inventory of houses on the market picked up slightly in July to 31 weeks of equivalent sales. This July inventory of 31 weeks is ahead of the long term average of 26 weeks. This would indicate that the market is now tipping in favour of buyers with more choice of properties on the market.Otago_inventory_of_unsold_houses_July_2010

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