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

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Waikato – Property Market Pulse factsheet – October 2010

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

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

Property sales in the Waikato fell again in September on a seasonally adjusted basis by 7% from August. A total of 230 property sales were recorded in September as compared to 429 a year earlier. In the first 9 months of 2010 a total of 2,340 properties were sold compared to 3,152 a year earlier.

Waikato_seasonally_adjusted_sales_Sep_2010Inventory of houses on the market rose again in September to a new high of 66 weeks of equivalent sales. This level remains well above the long term average of 45 weeks. This would indicate that the market still holds an advantage for buyers.

Waikato_inventory_of_unsold_houses_Sep_2010

Property prices for the Waikato region are included in the broad Waikato / Bay of Plenty regional median property price. In September this price was $314,324 which was down 0.2% on Sep 2009 price.

Waikato_BOP_median_house_price_Sep_2010

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Bay of Plenty – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Bay of Plenty Property Market Factsheet

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

Property sales in the Bay of Plenty picked up slightly in August and September. Sales in September totaled 307 as compared to 411 in September 2009.

Bay_of_Plenty_seasonally_adjusted_sales_Sep_2010Inventory of houses on the market rose once again in September to 72 weeks of equivalent sales. This level of inventory remains high relative to the long term average of 55 weeks. This would indicate that the market still holds a slight advantage for buyers.

Bay_of_Plenty_inventory_of_unsold_houses_Sep_2010

Property prices for the Bay of Plenty are included in the broad Waikato / Bay of Plenty regional median property price, in September this price was $314,324 which was down 0.2% on Sep 2009 price. Property prices remain some 6% below the peak of the market in Feb 2008 when prices reached $333,000.Waikato_BOP_median_house_price_Sep_2010

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Central North Island – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Central North Island Property Market Factsheet

Realestate_DownloadNowThe Central North Island Property Market factsheet for October can be downloaded by clicking this icon.

Property sales for the Central North Island rose by 7.7% in September on a seasonally adjusted basis from August. A total of 36 property sales were recorded in September as compared to 58 in September 2009. In the first 9 months of 2010 414 properties have been sold compared to 540 in 2009.

Central North Island seasonally adjusted sales - September 2010Inventory of houses on the market picked up again in September. The current inventory of 103 weeks of equivalent sales is considerably higher than the long term average of 74 weeks. This would indicate that the market is still favouring buyers.

Central_North_Island_inventory_of_unsold_houses_-_Sep_2010

Property prices for the Central North Island are included in the broad Waikato / Bay of Plenty regional median property price, in September this price was $314,324 which was down 0.2% on September 2009 price.

Waikato_BOP_median_house_price_Sep_2010

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Gisborne – Proprty Market Pulse factsheet – October 2010

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

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

Property sales in Gisborne fell significantly in September as measured on a seasonally adjusted basis. A total of 28 sales were recorded in the month. This compares with 43 sales in September 2009. In the first 9 months of 2010 a total of 316 properties have been sold compared to 395 over the same period in 2009.

Gisborne seasonally adjuested property sales - Sep 2010Inventory of houses on the market fell again in September to 38 weeks of equivalent sales. The September level is now below the long term average of 43 weeks. This would indicate that the market is more balanced and could be edging to a seller’s market with a shortage of listings.

Gisborne_inventory_of_unsold_homes_-_Sep_2010

Property prices for the Gisborne are included in the broad Waikato / Bay of Plenty regional median property price, in September this price was $314,324 which was down 0.2% on July 2009 price.

Waikato_BOP_median_house_price_Sep_2010

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Taranaki – Property Market Pulse factsheet – October 2010

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

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

Property prices in Taranaki recovered somewhat in September to $269,500 from $265,500 in August. As compared to a year ago prices in the region are down by 4.8%.

Taranaki property prices - Sep 2010Property sales in the region dipped by 12.1% in September on a seasonally adjusted basis. A total of 132 properties were sold in September. Over the course of the first 9 months of 2010 a total of 1,336 properties have been sold compared to 1,513 in the same period in 2009.

Taranaki seasonally adjusted property sales - Sep 2010

The inventory of houses on the market remains at high levels with 30 weeks of equivalent sales in September. This inventory of 30 weeks of equivalent sales continues to be well above the long term average of 22 weeks. This would indicate that the market still favours buyers.

Taranaki_inventory_of_unsold_homes_-_Sep_2010

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Manawatu / Wanganui – Property Market Pulse factsheet – October 2010

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

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

Property prices in the Manawatu / Wanganui region dipped in September to $216,500. As compared to a year ago prices in the region are down 3.9%.

Manawatu Wanganui media house price - Sep 2010Property sales in the region rose again on a seasonally adjusted basis by 6.2%. A total of 240 properties were sold in September. Over the first 9 months of 2010 a total of 1,976 properties have been sold as compared to 2,666 in the same period of 2009.

Manawatu Wanganui seasonally adjusted property sales - Sep 2010

Inventory of houses on the market remained at 47 weeks of equivalent sales on the market as compared to 46 in August. The current inventory continues to be above the long term average of 36 weeks. This would indicate that the market still swings in favour of buyers.

Manawatu_Wanganui_inventory__of_unsold_houses_-_Sep_2010

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Wairararapa – Property Market Pulse factsheet – October 2010

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

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

Property sales in the Wairarapa fell sharply in September down 24% from August on a seasonally adjusted basis. A total of 47 properties were sold in September. Over the first 9 months of 2010 a total of 444 properties have been sold, this compares to 523 in the same period of 2009.

Wairarapa seasonally adjusted property sales - Sep 2010Inventory of houses on the market in September fell from the peak of August. Inventory now totals 121 weeks of equivalent sales. This level of inventory is considerably ahead of the long term average of 75 weeks. This would indicate that the market is favouring buyers at this time.

Wairarapa_inventory_of_unsold_houses_-_Sep_2010

Property prices for the Wairarapa region is included in the broad Wellington regional median property price, in September this price was $398,500 up 5.4% on September 2009 price.

Wellington region median house price - Sep 2010

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Wellington – Monthly Property Market Pulse factsheet – October 2010

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

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

Property prices in the Wellington region as measured on a stratified basis fell in September to $403,595. As compared to a year ago prices are down 0.3%.

Wellington stratified mean house price - Sep 2010Property sales measured on a seasonally adjusted basis fell by 1.5% from August. There was a total of 445 property sales in the month. Over the first 9 months of 2010 a total of 4,507 properties have been sold, this compares with 5,246 in the same period in 2009.

Wellington seasonally adjusted property sales - Sep 2010

Inventory of houses on the market remains stable at the current level of 24 weeks of equivalent sales. This is slightly up on the long term average in the region of 21 weeks. In overall terms the property market across Wellington remains fairly well balanced with a slight leaning in favour of buyers.

Wellington_inventory_of_unsold_homes_-_Sep_2010

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NZ Property Market Pulse – August 2010

Posted on: August 26th, 2010 | Filed in Featured, Property Pulse - Regional Market Report

Property Pulse Realestate.co.nzThe Property Market Pulse report provides a set of factsheets for each of the 19 regions of the country consolidating the latest data from key sources in the real restate market. From the Real Estate Institute (REINZ) comes the latest sales numbers for June as well as the median sales price for key regions and the stratified sales price for key centers. From the Realestate.co.nz comprehensive database of listings comes the key measure of inventory of unsold properties on the market.

Property Sales

The number of property sales is a key measure of buyer activity. The Real Estate Institute release this data on a monthly basis from the sales made by all licensed agents in the prior month making this data the most timely and comprehensive. Actual monthly sales data is effected by seasonal factors, for this reason seasonally adjusted data is presented which clearly shows one month to the next if the sales are going up or down.

NZ_property_sales_July_2010

Commentary:

Sales in July fell by 2.9% from June on a seasonally adjusted basis. A total of 4,411 property sales were recorded by licensed real estate agents in the month of July. Back in July 2009 the total sales was 6,014. On a moving annual basis sales are up 2.8% with 63,701 sales in the past 12 months as compares to 61,952 in the prior 12 months.

Property Price

The selling price of properties measures that critical balance between what a buyer is prepared to pay and what a seller is prepared to accept. The Real Estate Institute data of prior month sales produces a median price. This raw number is then re-calculated through a model developed in partnership with the Reserve Bank of NZ to create a Stratified Price, which ensures that volume changes in key price segments do not skew the figures.

NZ_Stratified_house_price_July_2010

Commentary:

The stratified price fell in July to $359,525 from $363,925 in June. The June price is up just 1.8% as compared to July 2009. As highlighted in the chart above the sale price across the country has remained fairly stable over the past 9 month with some small ups and downs. The current price is still 3.1% below the peak price in the market back in November 2007.

Stock of Property

The number of properties on the month is provided from Realestate.co.nz data and measures the level of seller activity in the market. The data represents the total number of new listings coming onto the market each month and is compiled at the start of each month for the prior month and is published in the NZ Property Report. The measure of properties on the market is represented by the number of weeks of equivalent sales, and judged on a comparative basis with prior months more accurately reflects the state of the market.

NZ_Inventory_of_unsold_houses_July_2010

Commentary:

The level of inventory of properties on the market measured in equivalent weeks of sale picked up again in July. It now stands at 47 weeks as compared to 47 weeks in June and compares to 33 weeks in July last year. The long term average is around 38 weeks which would indicate that the market is still very much in favour of buyers rather than sellers.

These statistics are the aggregation of all the statistics from across the country. As is well know by those in the industry, real estate is a local business and in an attempt to provide greater insight into the local market the same set of key data – sales, selling price and inventory has been calculated for each of the 19 regions of the country. Check out the factsheet for your local region to see what is happening in your neck of the woods.

North Island

Northland

Auckland

Coromandel

Waikato

Central North Island

Bay of Plenty

Gisborne

Hawkes Bay

Taranaki

Manawatu / Wanganui

Wairarapa

Wellington

South Island

Nelson

Marlborough

Canterbury

West Coast

Otago

Queenstown Lakes

Southland

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Southland – Monthly Property Market Pulse factsheet – August 2010

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

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

The median property price in Southland rose sharply in July, from the June figure of $172,000, it rose to $210,000. As compared to a year ago prices in the region are in the month are up 10.5%.

Southland_property_prices_July_2010

Property sales in the region rose slightly in July on a seasonally adjusted basis with to 109 properties. On a moving annual basis property sales are down 3.8% with 1,632 properties sold in the past 12 months compared to 1,696 in the prior 12 month period.

Southland_property_sales_July_2010

Inventory of houses on the market grew again in July to 46 weeks of equivalent sales compares to the 44 weeks in June. This June inventory of 46 weeks of equivalent sales remains high as compared to the long term average of 26 weeks. This would indicate that the market is still favouring buyers.

Southland_inventory_of_unsold_houses_July_2010

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