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

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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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Queenstown Lakes – Monthly Property Market Pulse factsheet – August 2010

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

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

Property prices in the Central Otago Lakes district slipped further in July to a 3 year low of $390,800. As compared to a year ago prices in the region are down by 4.9%.

Queenstown_lakes_property_prices_July_2010

Property sales in the region also slipped significantly on a seasonally adjusted basis by 46%. There were just 48 properties sold in July down from up from 85 in June. On a moving annual basis property sales are up 5.6% with 1,014 sold in the past 12 months as compared to 960 in the prior 12 months.

Queenstown_Lakes_property_sales_July_2010

Inventory of houses on the market fell to 95 weeks of equivalent sales, this despite the fall in sales volumes. This July level of inventory is very close to the long term average of 91 weeks. This would indicate that the market is fairly well balanced between buyers and sellers.Queenstown_Lakes_inventory_of_unsold_houses_July_2010

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West Coast – Monthly Property Market Pulse factsheet – August 2010

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

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

Property sales on the West Coast slipped in July on a seasonally adjusted basis by 17% with sales of 32 properties down from 36 in June. On a moving annual basis sales are up 12.7% with 374 properties sold in the last 12 months as compared to 332 in the prior 12 months.

West_Coast_property_sales_July_2010

Inventory of houses on the market fell from 161 to 131 as measured on equivalent weeks of sale basis. This level of inventory is still considerably higher than the long term average of 99 weeks. This would indicate that the market is still firmly favouring buyers.

West_coast_inventory_of_unsold_houses_July_2010

Property prices for the West Coast are included in the broad Canterbury / West Coast regional median property price, in July this price was $310,000 up 4.4% on July 2009 price.

Canterbury_West_Coast_property_prices_July_2010

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Canterbury – Monthly Property Pulse factsheet – August 2010

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

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

Property prices based on the stratified pricing model for Christchurch rose in July to $351,375 from $349,595 in June. Compared to July 2009 prices are up 7.4%.

Christchurch_stratified_property_prices_July_2010

Across the Canterbury region property sales remain flat on a seasonally adjusted basis with no movement between June and July. There were 651 sales in July as compared to 674 in June. On a moving annual basis sales are down very slightly by 1.8% in the past year 9,028 properties have been sold as compared to 9,196 in the prior 12 months.

Canterbury_property_sales_-_July_2010

Inventory of houses on the market remained flat in July at 35 weeks of equivalent sales; this figure is close to the long term average in the region of 31 weeks. In overall terms the property market across the Canterbury region is fairly well balanced between buyers and sellers.

Canterbury_inventory_of_unsold_houses_July_2010

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Marlborough – Monthly Property Pulse factsheet – August 2010

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

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

Property sales in the Marlborough region fell by 33% on a seasonally adjusted basis with just 46 sales in July. On an moving annual basis sales are down 21.2% with 738 properties sold in the past 12 months compared to 936 sold in the prior 12 months.

Marlborough_property_sales_July_2010

The level of inventory of houses on the market in July fell to 59 weeks of equivalent weeks of sales. This level of inventory is significantly higher than the long term average of 46 weeks. This would indicate that the market is favouring buyers.

Marlborough_inventory_of_unsold_houses_July_2010

Property prices for the Marlborough region are included in the broad Nelson / Marlborough regional median property price, in June this price was $327,000 down just 0.3% on the median price in July 2009.

Nelson_Marlborough_property_prices_July_2010

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Nelson – Monthly Property Market Pulse factsheet – August 2010

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

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

Property sales in the Nelson region rose in July following a significant fall in June as measured in a seasonally adjusted basis. There were 113 sales in July compared to 98 in June. On a moving annual basis sales are up 3.5% with 1,622 properties sold in past 12 months compared to 1,567 in the prior 12 months.

Nelson_property_sales_-_July_2010

The inventory of properties on the market in July rose again in July to 29 weeks of equivalent sales. This level of inventory is just in line with the long term average of 28 weeks. This would indicate that the market is fairly well balanced between buyers and sellers.Nelson_inventory_of_unsold_houses_July_2010

Property prices for the Nelson are included in the broad Nelson / Marlborough regional median property price, in July this price was $327,000 down by just 0.3% on July 2009.Nelson_Marlborough_property_prices_July_2010

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Wellington – Monthly Property Market Pulse factsheet – August 2010

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

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

Property prices in the Wellington region as measured on a stratified basis fell further in July to $398,025. This is the 5th consecutive month of price fall from $423,675 in February. As compared to a year ago prices are up 1.1%.

Wellington_stratified_property_prices_July_2010

Property sales measured on a seasonally adjusted basis increased by 8.7% from June. There was a total of 471 property sales in the month. On a moving annual basis sales are up 5.5% with 6,637 properties sold in the past 12 months compared to 6,289 in the prior 12 months.

Wellington_property_sales_July_2010

Inventory of houses on the market rose again in July. The current level of 25 weeks of equivalent sales is up on the long term average in the region of 21 weeks. In overall terms the property market across Wellington is inching towards a buyer’s market.

Wellington_inventory_of_unsold_houses_July_2010

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Wairarapa – Monthly Property Pulse factsheet – August 2010

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

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

Property sales in the Wairarapa rose significantly in July up 58% from June on a seasonally adjusted basis. A total of 41 properties were sold in July. On a moving annual total basis sales are up 3.5% with 614 properties sold in the past 12 months compared to 593 in the prior 12 months.

Wairarapa_property_sales_July_2010

Inventory of houses on the market in July continued to rise. Inventory has been rising for 12 straight months and now totals 119 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_homes_July_2010

Property prices for the Wairarapa region is included in the broad Wellington regional median property price, in July this price was $385,000 up 4.1% on July 2009 price.Wellington_region_property_prices_July_2010

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Manawatu Wanganui – Monthly Property Pulse factsheet – August 2010

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

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

Property prices in the Manawatu / Wanganui region rose in July to $232,000 from $219,000 in June. As compared to a year ago prices in the region are up 3.5%.

Manawatu_Wanganui_property_prices_July_2010

Property sales in the region fell on a seasonally adjusted basis by 12.8%. A total of 207 properties were sold in July. On a moving annual total basis sales are down 8.8% with 2,920 properties sold in the past 12 months compared to 3,203 in the prior 12 month period.

Manawatu_Wanganui_property_sales_July_2010

Inventory of houses on the market rose again to 51 weeks of equivalent sales on the market as compared to 47 in June. 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_July_2010

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Taranaki – Property Market Pulse factsheet – August 2010

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

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

Property prices in Taranaki rose again in July to $292,000 from $285,000 in June. As compared to a year ago prices in the region are up by 4.2%.

Taranaki_Property_prices_July_2010

Property sales in the region rose by 15% in July on a seasonally adjusted basis. A total of 145 properties were sold in July. On a moving annual basis sales are down 2% with 1,852 sales in the past 12 months compared to 1,890 in the prior 12 months.

Taranaki_property_sales_-_July_2010

Inventory of houses on the market spiked up again to 32 weeks of equivalent sales in July, equaling the peak of April this year. This July inventory of 32 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_houses_-_July_2010

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