The Unconditional Blog

The impartial voice of the industry

 

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

0

Waikato Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Waikato Property Market Factsheet

The Waikato 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 Waikato region totaled 352 in the month. This reflected a fall as measured on a seasonally adjusted basis in July but was up 4% as compared to a year ago. The inventory of unsold houses fell to 35 weeks of equivalent sales still continues to see inventory remaining significantly below the long-term average of 48 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $305,100 was flat compared to a year ago, but down on the prior month. The asking price expectation of new listings rose 3% as compared to a year ago at $349,303, marginally down on the June figure of $352,462.

The level of new listings coming onto the market across the Waikato region in July at 670 was up 22% as compared to a year ago, but down as compared to June.

The data indicates that the Waikato region remains a clear sellers market with pressure in the supply of listings. The recent sales activity though appears to be slowing and this is probably constraining any inflationary pressure on prices which in the case of sales prices have not moved appreciably over the past 2 years.

 

0

Bay of Plenty Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Bay of Plenty Property Market Factsheet

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

Property sales across the Bay of Plenty region totaled 358 in the month representing a fall off on a seasonally adjusted basis in July. The comparison to July last year shows an 18% increase and follows strong growth in sales over the past few months. The inventory of unsold houses fell to 47 weeks; this still leaves the region slightly below the long-term average of 57 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $305,100 was flat compared to a year ago, but down on the prior month. The asking price expectation of new listings in the Bay of Plenty was up 4% as compared to a year ago at $424,424, which was up on the June level of $413,292.

The level of new listings coming onto the market in July at 705 was down from June and up only 1% as compared to a year ago.

The data indicates that the market in the Bay of Plenty region is tightening considerably with strong sales activity, which is depressing available inventory which is maintaining a sellers market. The latest level of new listings (or lack of them) ably demonstrates this. Despite this seller’s market sentiment the asking price and particularly sales price are not showing a significant inflationary pressure.

 

0

Central North Island Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Central North Island Property Market Factsheet

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

Property sales across the Central North Island region totaled 52 in the month, representing a slight fall off on a seasonally adjusted basis in July but was up a significant 33% as compared to a year ago. The inventory of unsold houses fell back to 74 weeks to sit below the long-term average of 82 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $305,100 was flat compared to a year ago, but down on the prior month. The asking price expectation of new listings in the Central North Island was down 5% as compared to a year ago at $346,925.

The level of new listings coming onto the market in July at 139 was up a healthy 22% as compared to a year ago and almost matched the month of June with 140 new listings.

This data indicates that the Central North Island region is fairly active with strong and consistent sales levels over the past year. Prices are stable and inventory is tightening which could apply some pressure in the market unless new listings continue to flow onto the market in the coming months.

 

0

Gisborne Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Gisborne Property Market Factsheet

The Gisborne district property pulse factsheet for July 2012 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 matched the prior month and showed a strong rise on a seasonally adjusted basis in July. The sales were also up a very significant 68% as compared to a year ago. The inventory of unsold houses though fell to 44 weeks which is just slightly below the long-term average of equivalent sales at 47 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $190,000 was down 10% as compared to a year ago but up from the prior month. Prices have taken a significant downward path over the first half of 2012. The asking price expectation of new listings in the Gisborne region was also down 10% as compared to a year ago at $271,783, this was also down from the June figure of $296,275.

The level of new listings coming onto the market in July at 77 was up as compared to June and up 6% as compared to a year ago.

This data indicates that the Gisborne region is staging a strong recovery with very strong level of sales probably driven by realistic pricing both in terms of asking price and sales price. The available inventory is falling steadily which is not quite being met by new listings and could see a further tightening in the coming months.

 

0

Hawkes Bay Property Pulse factsheet – July 2012

Posted on: August 21st, 2012 | Filed in Hawkes Bay Property Market Factsheet

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

Property sales across the Hawkes Bay region at 210 in the month represented a very slight fall on a seasonally adjusted basis in July and at the same time represented a healthy 11% rise as compared to a year ago. The inventory of unsold houses on the market remained at 36 weeks, below the long-term average of 42 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $2695,500 was down 2% as compared to a year ago but up slightly from the prior month. The asking price expectation of new listings was up just 1% as compared to a year ago at $332,568.

The level of new listings coming onto the market in July at 387 was marginally up from prior month and represented a significant 30% increase as compared to a year ago.

This data indicates that the Hawkes Bay region is fairly stable at this time with a good level of demand witnessed by strong sales over recent months, a good flow of new listings with a stable asking price and selling price. Whilst the inventory is below the long term average the extent of inventory is not significantly favouring buyers or sellers one way or another.

 

0

Taranaki Property Pulse factsheet – July 2012

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

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

Property sales across the Taranaki region totaled 179 in the month reflecting a significant rise on a seasonally adjusted basis in July and were up 63% as compared to a year ago. At the same time the inventory of unsold houses on the market went up again to 36 weeks of equivalent sales having fallen in June. This sees inventory now well above the long-term average of 27 weeks of equivalent sales.

Median sales price of property sold in the Taranaki region at $261,000 was in line with the same month last year and down slightly from the prior month. The asking price expectation of new listings was down 3% as compared to a year ago at $300,680, which represented a rise from the June level of $278,586.

The level of new listings coming onto the market in July at 256 was down on the prior month but at the same time up 22% as compared to a year ago.

This data indicates that the Taranaki region is quite unstable. Recent sales have been up and down for the past year, although the underlying trend is to growing sales, at the same time levels of new listings are up which has pushed available inventory above the long term average. This leaves the market fairly well balanced between buyers and seller favouring neither significantly over the other, as a consequence price are remaining fairly stable.

 

0

Manawatu / Wanganui Property Pulse factsheet – July 2012

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

The Manawatu / Wanganui 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 Manawatu and Wanganui region at 293 in the month rose on a seasonally adjusted basis in July, and was up a significant 24% as compared to a year ago. The inventory of unsold houses on the market rose slightly to 39 weeks, this maintains the level of unsold houses on the market below the long-term average of 41 weeks of equivalent sales.

Median sales price of properties sold in the Manawatu and Wanganui regions at $225,000 was up 5% as compared to a year ago, and very slightly lower than the figure in June. The asking price expectation of new listings was down 4% as compared to a year ago at $260,085.

The level of new listings coming onto the market in July at 580 was up from prior month and up a significant 53% as compared to a year ago.

This data indicates that the Manawatu / Wanganui region is a fairly balance market which is experiencing more activity than has been seen on recent years. Sales have been strong over the past 18 months whilst prices have been flat. The recent rise in inventory is ahead of sales and could potentially tip the balance in favours of buyers with a strong selection of property to choose from.

 

0

Wairarapa Property Pulse factsheet – July 2012

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

The Wairarapa district 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 Wairarapa district at 64 in the month showed a significant rise on a seasonally adjusted basis in July and a 33% increase as compared to a year ago. The inventory of unsold houses on the market rose sharply to 110 weeks of equivalent sales returning it to sit above the long-term average of 98 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $230,000 was down 3% as compared to a year ago, although it was up on both May and June. The current selling price is still some level below the level of the past few years. The asking price expectation of new listings was down 4% as compared to a year ago at $259,129.

The level of new listings coming onto the market in July at 167 was down as compared to June, but up 34% as compared to a year ago.

This data indicates that the Wairarapa region is a fairly balance market which is experiencing more activity than has been seen on recent years. Sales have been strong over the first half of the year whilst prices have been flat. The recent rise in inventory is ahead of sales and could tip the balance in favours of buyers with a strong selection of property to choose from.

0

Wellington Property Pulse factsheet – July 2012

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

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

Property sales across the Wellington region at 549 in the month rose on a seasonally adjusted basis in July and are up 16% as compared to a year ago. The inventory of unsold houses on the market rose slightly to 21 weeks of equivalent sales. This continues to see the inventory of unsold houses below the long-term average of 23 weeks of equivalent sales.

The stratified mean sales price of properties sold in the Wellington region at $406,650 was up just 1% compared to July last year, over the longer term the trend has been a fairly flat. The asking price expectation of new listings was up just 3% as compared to a year ago at $442,590.

The level of new listings coming onto the market in July at 763 was down as compared to June, but up 15% as compared to a year ago.

This data indicates that the Wellington region remains in a seller’s market. The rate of sales is still strong and overall inventory is low providing buyers with limited choice. Set against this situation there is a steady flow of new listings and prices do not show any significant appreciation nor are sellers setting high selling price expectations.

 

0

Nelson Property Pulse factsheet – July 2012

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

The Nelson 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 Nelson region at 120 in the month fell slightly on a seasonally adjusted basis in July and was down 6% as compared to a year ago. The inventory of unsold houses on the market fell to 28 weeks. The level has now fallen below the long-term average of 31 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $337,000 was up 7% as compared to July 2011, but down from the prior month. The asking price expectation of new listings was down 10% as compared to a year ago at $383,694.

The level of new listings coming onto the market in July at 199 was down on the June figure of 216 and down 6% as compared to a year ago.

This data indicates that the Nelson region is fairly well balanced with sales activity steadying whilst inventory is falling as lower listings are reducing choice in the market fro buyers. Sellers however are not pricing new listings higher despite the strong prices for property sales indicating that buyers and sellers are fairly well balanced with neither having the upper hand.

 

Page 2 of 2812345...1020...Last »