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Archive for the ‘Property Pulse – Regional Market Report’ Category

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Hawkes Bay Property Pulse factsheet – November 2011

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

The Hawkes Bay region 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 Hawkes Bay region at 192 in the month rose on a seasonally adjusted basis in November and showed a 10% rise as compared to a year ago. The inventory of unsold houses on the market remained stable at 44 weeks to sit just in line with the long-term average of 45 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $288,750 was up 7% as compared to a year ago and up significantly from the prior month. The asking price expectation of new listings was up just 1% as compared to a year ago at $349,748.

The level of new listings coming onto the market in November at 438 was up from prior month and up 7% as compared to a year ago.

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Taranaki Property Pulse factsheet – November 2011

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

The Taranaki region 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 Taranaki region at 161 in the month rose on a seasonally adjusted basis in November and were up 11% as compared to a year ago. The inventory of unsold houses on the market fell markedly to 33 weeks, however it still remains well above the long-term average of 25 weeks of equivalent sales.

Median sales price of property sold in the Taranaki region at $272,500 was up 3% compared to a year ago but down from the prior month. The asking price expectation of new listings was down very slightly by 1% as compared to a year ago at $310,235.

The level of new listings coming onto the market in November at 246 was up from the prior month and down 8% as compared to a year ago.

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Manawatu / Wanganui Property Pulse factsheet – November 2011

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

The Manawatu / Wanganui 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 Manawatu and Wanganui region at 275 in the month rose on a seasonally adjusted basis in November, and was up 19% as compared to a year ago. The inventory of unsold houses on the market slipped to 38 weeks to remain below the long-term average of 40 weeks of equivalent sales.

Median sales price of properties sold in the Manawatu and Wanganui regions at $230,000 was down just 1% as compared to a year ago, but up from the prior month. The asking price expectation of new listings was down 6% as compared to a year ago at $251,376.

The level of new listings coming onto the market in November at 595 was up from prior month but down 6% as compared to a year ago.

 

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Wairarapa Property Pulse factsheet – November 2011

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

The Wairarapa district 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 Wairarapa district at 42 in the month showed a fall on a seasonally adjusted basis in November and reflected a significant 24% fall as compared to a year ago. The inventory of unsold houses on the market rose to 100 weeks to remain right in-line with the long-term average of 102 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $220,000 was down 15% as compared to a year ago and continues what has been a steady decline through the year. The asking price expectation of new listings was down 13% as compared to a year ago at $273,623.

The level of new listings coming onto the market in November at 198 was up as compared to October but up just 1% as compared to a year ago.

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Wellington Property Pulse factsheet – November 2011

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

The Wellington region 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 Wellington region at 615 in the month rose on a seasonally adjusted basis in November and exactly the same volume of sales as compared to a year ago. The inventory of unsold houses on the market remained stable at 23 weeks, this takes it slightly above the long-term average of 22 weeks of equivalent sales.

The stratified mean sales price of properties sold in the Wellington region at $412,925 was flat as compared to both last year and prior month. The asking price expectation of new listings was down 1% as compared to a year ago at $448,225.

The level of new listings coming onto the market in November at 1,178 was up compared to October, and up 6% as compared to a year ago.

 

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Nelson Property Pulse factsheet – November 2011

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

The Nelson 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 Nelson region at 154 in the month rose on a seasonally adjusted basis in November and was up 13% as compared to a year ago. The inventory of unsold houses on the market picked up to 31weeks to lie just above the long-term average of 30 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $342,075 was in-line with prices of a year ago, but down slightly from the prior month. The asking price expectation of new listings was up 14% as compared to a year ago at $464,911.

The level of new listings coming onto the market in November at 330 was up significantly from October and up 24% as compared to a year ago.

 

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Marlborough Property Pulse factsheet – November 2011

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

The Marlborough region 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 Marlborough region at 70 in the month fell very slightly on a seasonally adjusted basis in November and was down 9% as compared to a year ago. The inventory of unsold houses on the market fell back to 61 weeks to remain above the long-term average of 52 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $275,000 was down 8% as compared to a year ago and also down on recent months. The asking price expectation of new listings was also down 4% as compared to a year ago at $364,848.

The level of new listings coming onto the market in November at 193 rose significantly as compared to the prior month and was up 8% as compared to a year ago.

 

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Canterbury Property Pulse factsheet – November 2011

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

The Canterbury region 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 Canterbury region at 771 rose in the month on a seasonally adjusted basis in November, but were up a significant 19% as compared to a year ago. The inventory of unsold houses on the market fell further to just 23 weeks, well below the long-term average of 33 weeks of equivalent sales. This signifies a significant shortage in the region and certainly favours sellers in the market.

The stratified mean sales price for properties sold in Christchurch at $367,025 was up 11% as compared to a year ago, and up from the prior month. There has certainly been a strengthening of prices through all of 2011 in the region as inventory and listings have dropped. The asking price expectation of new listings was up by 4% as compared to a year ago at $375,836.

The level of new listings coming onto the market in November at 1,460 was well up on prior month but down 1% as compared to a year ago.

 

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West Coast Property Pulse factsheet – November 2011

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

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

Property sales on the West Coast of the South Island at 45 in the month rose significantly on a seasonally adjusted basis in November and was up 25% as compared to a year ago. The inventory of unsold houses on the market remains stable at 77 weeks, well below the long-term average of 106 weeks of equivalent sales.

Median sales price of properties sold on the West Coast at $198,000 was down just 1% as compared to a year ago and down on the prior month. The asking price expectation of new listings though was up a significant 25% as compared to a year ago at $315,993.

The level of new listings coming onto the market in November at 105 was up slightly as compared to prior month and was down just 1% as compared to a year ago.

 

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Queenstown Lakes / Central Otago Property Pulse factsheet – November 2011

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

The Queenstown Lakes district region 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 Queenstown Lake and Central Otago region at 85 rose on a seasonally adjusted basis in November and were up 13% as compared to a year ago. The inventory of unsold houses on the market at 105 weeks rose slightly but still remains in line with the long-term average of 105 weeks of equivalent sales.

Median sales price of properties sold in the Queenstown Lakes and Central Otago region at $405,000 was down 4% as compared to a year ago, this continues a steady fall in prices through the year. The asking price expectation of new listings fell by 13% as compared to a year ago at $507,028.

The level of new listings coming onto the market in November at 293 fell as compared to prior month and was up just 8% as compared to a year ago.

 

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