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

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Hawkes Bay – Property Market Pulse factsheet – August 2010

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

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

Property prices in the Hawkes Bay fell sharply in July, down $20,000 to $265,000. As compared to a year ago prices in the region are up down by 2.4%.

Hawkes Bay property prices July 2010

Property sales in the region remained stable in July with no significant change based on seasonally adjusted basis. A total of 157 properties were sold in the region in June. On a moving annual total the sales across the region sales are flat. In the past 12 months 2,265 properties were sold compared to 2,253 in the prior 12 month period.

Hawkes Bay property sales July 2010

Inventory of houses on the market fell again in July with 47 weeks of equivalent sales on the market. This inventory level continues to be above the long term average of 35 weeks. This would indicate that the market still swings in favour of buyers.

Hawkes Bay inventory of unsold homes - July 2010

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Gisborne – Property Market Pulse factsheet – August

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

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

Property sales in Gisborne remained flat in July as measured on a seasonally adjusted basis. A total of 31 sales were recorded in the month. This compares with 42 sales in July 2009. On a moving annual basis sales are down by 9.4%. IN the past 12 months sales have totaled 455 compared to 502 in the prior 12 months.

Gisborne property sales July 2010

Inventory of houses on the market rose again in July to 56 weeks of equivalent sales. The July level is still well above the long term average of 43 weeks. This would indicate that the market is still favouring buyers.

Gisborne inventory of unsold houses - July 2010

Property prices for the Gisborne are included in the broad Waikato / Bay of Plenty regional median property price, in June this price was $315,000 which was down 1.6% on July 2009 price.

Waikato BOP regional property prices July 2010

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Central North Island – Property Market Pulse factsheet – August 2010

Posted on: August 25th, 2010 | Filed in Central North Island Property Market Factsheet

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

Property sales for the Central North Island rose on a seasonally adjusted basis from June by 9%. A total of 40 property sales were recorded in July as compared to 66 in July 2009. On a moving annual total basis sales are fairly flat across the region, in the last 12 months 602 properties have sold as compared to 610 in the prior 12 months.

Central North Island property sales - July 2010

Inventory of houses on the market picked up again in July. The current inventory of 96 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 July 2010

Property prices for the Central North Island are included in the broad Waikato / Bay of Plenty regional median property price, in July this price was $315,000 which was down 1.6% on July 2009 price.

Waikato BOP regional property prices July 2010

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Bay of Plenty – Property Market Pulse factsheet – August 2010

Posted on: August 25th, 2010 | Filed in Bay of Plenty Property Market Factsheet

Realestate_DownloadNow The Bay of Plenty region Property Market factsheet for August 2010 can be downloaded by clicking this icon.

Property sales in the Bay of Plenty stayed static on a seasonally adjusted basis in July. A total of 265 property sales were recorded in July. On a moving annual basis sales remained static with 3,809 sales in the last 12 months compared to 3,881 in the prior 12 months.

Bay of Plenty property sales July 2010

Inventory of houses on the market rose once again in July to 68 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 homes July 2010

Property prices for the Bay of Plenty are included in the broad Waikato / Bay of Plenty regional median property price, in July this price was $322,000 which was down 1.6% on July 2009 price.

Waikato BOP regional property prices July 2010

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Waikato – Property Market Pulse factsheet – August 2010

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

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

Property sales in the Waikato rose on a seasonally adjusted basis by 11% in July. A total of 252 property sales were recorded in June as compared to 395 in July 2009. On a moving annual total basis sales are flat with 3,768 sold in the last year compared to 3,780 in the prior 12 months.

Waikato property sales - July 2010

Inventory of houses on the market increased in July as a result of the slower sales. The inventory stands at 59 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 - July 2010

Property prices for the Waikato are included in the broad Waikato / Bay of Plenty regional median property price, in July this price was $315,000 which was down 1.6% on July 2009 price.

Waikato BOP regional property prices July 2010

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Coromandel – Property Market Pulse factsheet – August 2010

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

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

Property sales in the Coromandel suffered a significant fall in July. On a seasonally adjusted basis sales fell by 54%. There were just 19 sales in July as compared to 47 in July 2009. On a moving annual total basis sales are up 16% with 591 sales in the past year.

Coromandel property sales - July 2010

Inventory of houses on the market flat-lined in July at 173 weeks of equivalent sales. This level of inventory is consistent with the long term average of 172 weeks. This would indicate that the market is fairly well balanced between buyers and sellers.

Coromandel inventory of unsold houses - July 2010

Property prices for the Coromandel are included in the broad Auckland regional median property price, in June this price was $450,000 up slightly from the June figure of $445,000 reversing a three month trend of falling prices. As compared to a year ago prices are up 2.3%.

Auckland region property price July 2010

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Auckland – Property Market Pulse factsheet – August 2010

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

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

Property prices based on the stratified pricing model slipped sideways in July to $470,266. Compared to June 2009 the stratified price is up 1.7%. The current price is still 8% below the peak of the market in July 2007 – a full 3 years ago.

Auckland region stratified price - July 2010

Property sales slipped further in July down 3.0% on a seasonally adjusted basis. There were 1,486 sales in July compared to 1,977 in July 2009. On a moving annual total basis sales are up 10.5% at 21,551.

Auckland property sales - July 2010

Inventory of houses on the market rose in July. The July figure of 37 weeks of equivalent sales continues to exceed the long term average in the region of 32 weeks.

Auckland inventory of unsold houses - July 2010

In overall terms the property market across Auckland continues to be steady, certainly a more robust level of activity compared to other regions of the country, although prices are weak.

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Northland – Property Market Pulse factsheet – August 2010

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

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

Property prices rebounded in July to break through $300,000. This however is still 2.5% below July last year and 14% below the peak in April of 2008.

Northland property prices July 2010

Sales on a seasonally adjusted basis barely changed in July with a total of 102 sales in the month. Measured on a 12 month rolling basis the annualized sales are 1,493 which is down 5% as compared to the prior period.

Northland property sales July 2010

Inventory of houses on the market remains high at 145 weeks of equivalent sales, this continues to be well ahead of the long term average in the region of 110 weeks.

Northland inventory of unsold houses JUly 2010

In overall terms the property market in the Northland region continues to reflect a buyer’s market.

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NZ Property Market Pulse – July 2010

Posted on: July 22nd, 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 national sales seasonally adjusted July 2010

Commentary:

Sales in June fell by 3.6% from May on a seasonally adjusted basis. A total of 4,575 property sales were recorded by licensed real estate agents in the month of June. Back in June 2009 the total sales was 6,040. In the first 6 months of 2010 a total of 29,844 properties were sold across the country this is down 12.7% as compared to the first half of 2009 when 34,169 properties were sold.

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 Statified sales price July 2010

Commentary:

The stratified price rose slightly in June to $363,925 from $361,600 in June. The June price is up 4.2% as compared to June 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 4.5% 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 Jul 2010

Commentary:

The level of inventory of properties on the market measured in equivalent weeks of sale fell again in June. It now stands at 45 weeks as compared to 47 weeks in May and 35 weeks in June 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

South Island

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Coromandel – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Coromandel Property Market Factsheet

My-Adobe-PDF-Files-iconThe Coromandel region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property sales in the Coromandel remained steady between May and June with just a 2% seasonally adjusted increase. There were 46 sales in June as compared to 42 in June 2009. In the first 6 months of 2010 a total of 300 properties were sold compared to 277 in the same period of 2009 an increase of 8.3%.

Coromandel property sales July 2010

Inventory of houses on the market fell in June to 171 weeks of equivalent sales. This level of inventory is consistent with the long term average of 172 weeks. This would indicate that the market is fairly well balanced between buyers and sellers.

Coromandel inventory of properties for sale July 2010

Property prices for the Coromandel are included in the broad Auckland regional median property price, in June this price was $445,000 down from the May figure of $455,000 and the third consecutive month of falling price. As compared to a year ago prices are up 2.3%.

Auckland region property price July 2010

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