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

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Marlborough Property Pulse factsheet – July 2012

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

The Marlborough 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 Marlborough region at 82 in the month was up strongly on a seasonally adjusted basis in July and was up a very significant 32% as compared to a year ago. The inventory of unsold houses on the market fell to 52 weeks of equivalent sales. The current level of inventory sits just under the long-term average of 55 weeks indicating a trend to a sellers market.

Median sales price for properties sold in the Marlborough region at $266,000 was down 8% as compared to a year ago and down on the prior month. The asking price expectation of new listings was also down 9% as compared to a year ago at $361,910.

The level of new listings coming onto the market in July at 153 fell from the June level of 163 but was up strongly by 52% as compared to a year ago.

This data indicates that the Marlborough region is moving towards a market that favours sellers given the level of sales activity and low inventory; however the strong rise in listings matched to falls in sales and asking price favours buyers, thereby indicating that the market is well balanced.

 

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Canterbury Property Pulse factsheet – July 2012

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

The Canterbury 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 Canterbury region at 707 fell in the month on a seasonally adjusted basis, it was however up 17% up as compared to a year ago. The inventory of unsold houses on the market eased slightly in July having been as low as 16 weeks recently. The July level of 18 weeks of equivalent sales still remains significantly below the long-term average of 32 weeks.

The stratified mean sales price for properties sold in Christchurch at $375,325 was up 7% as compared to a year ago, and up from the prior month. There has certainly been a strengthening of prices through all of 2012 in the region as inventory and listings have dropped. The asking price expectation of new listings was up by 9% as compared to a year ago at $393,433, this takes the asking price and selling price to new record levels.

The level of new listings coming onto the market in July at 1,182 was down on the prior month and up just 1% as compared to a year ago.

This data indicates that the Canterbury market continues to experience a very strong seller’s market. Availability of property is tight and demand remains strong resulting in the rising prices for properties. The trend is likely to continue as new listings are not matching the pace of sales.

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West Coast Property Pulse factsheet – July 2012

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

The West Coast district region property pulse factsheet for July 2012 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 38 in the month fell on a seasonally adjusted basis in July but was up 15% as compared to a year ago. The inventory of unsold houses on the market rose to 73 weeks. This level continues to see inventory well below the long-term average of 104 weeks of equivalent sales.

Median sales price of properties sold on the West Coast at $215,000 was down 2% as compared to a year ago, but up on the prior month. The asking price expectation of new listings though was up 9% as compared to a year ago at $270,892.

The level of new listings coming onto the market in July at 103 was up as compared to prior month and up a very significant 53% as compared to a year ago.

This data indicates that the West Coast district continues to favours sellers in the market although the recent fall off in sales matched to the rise in new listings is moving the market back into a more balanced position.

 

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Queenstown Lakes / Central Otago Property Pulse factsheet – July 2012

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

The Queenstown Lakes district 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 Queenstown Lake and Central Otago region at 76 fell significantly on a seasonally adjusted basis in July and was up only 3% as compared to a year ago. The inventory of unsold houses on the market rose to 74 weeks of equivalent sales, this level remains well below the long-term average of 100 weeks of equivalent sales.

Median sales price of properties sold in the Queenstown Lakes and Central Otago region fell from June at $420,000 was up just 2% as compared to a year ago. The asking price expectation of new listings fell 7% as compared to a year ago at $505,294.

The level of new listings coming onto the market in July at 249 was up as compared to prior month and represented a 19% rise as compared to a year ago.

This data indicates that the Queenstown Lakes / central Otago region continues to favours sellers in the market although the recent fall off in sales matched to the rise in new listings is moving the market back into a more balanced position.

 

 

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Otago Property Pulse factsheet – July 2012

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

The Otago 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 Otago region at 206 in the month fell on a seasonally adjusted basis in July but was up just 1% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 25 weeks, this level remains slightly below the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $246,000 was up 8% as compared to a year ago. The asking price expectation of new listings fell in July to $272,739 and shows a fall of 3% as compared to a year ago.

The level of new listings coming onto the market in July at 385 was down very slightly on June, and up a more significant 27% as compared to a year ago.

This data indicates that the Otago region marginally favours sellers in the market although the recent flow of new listings is moving the market back into a more balanced position.

 

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Southland Property Pulse factsheet – July 2012

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

The Southland 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 Southland at 134 in the month was down when seen on a seasonally adjusted basis, there has been a steady slowing of sales through the past 5 months since the very strong activity seen in February. In actual terms sales were down 5% as compared to a year ago. The inventory of unsold houses on the market were up slightly at 36 weeks of equivalent sales, this represents 5% fall in inventory as compared to July last year and is above the long term average of 34 weeks.

Median sales price at $185,000 slipped slightly from June, and was the same as compared to a year ago. The asking price expectation of new listings was down by 3% as compared to a year ago at $234,123.

The level of new listings coming onto the market in July at 245 fell as compared to June but was up 8% as compared to a year ago.

This leaves the Southland region finely balanced between a seller’s market and a buyer’s market.

 

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Property Pulse – June 2012

Posted on: July 24th, 2012 | Filed in Featured, Property Pulse - Regional Market Report

On a regular basis we publish a factsheet for each region of the country as well as a national report to provide an insight to the key numbers that detail the health of the property market across the country.

These reports for the month of June covers all 16 provincial regions as well as reports covering the 3 main metropolitan regions of Auckland, Wellington and Christchurch. The Auckland report is divided up into each of the main metro areas (North Shore, Waitakere, Manukau as well as Auckland City).

Each factsheet provides the key numbers in table and chart form using the key statistics from the Real Estate Institute of NZ and Realestate.co.nz. This provides the number of property sales in the month, the median sales price for those property sales, the inventory of unsold properties on the market, as well as the number and the asking price expectation of new listings brought onto the market in the month.

 

 

Metropolitan Areas

Auckland City

North Shore

Waitakere

Manukau

Wellington

Chistchurch

Provincial Areas

Northland

Coromandel

Waikato

Bay of Plenty

Central North Island

Hawkes Bay

Gisborne

Taranaki

Manawatu / Wanganui

Wairarapa

Nelson

Marlborough

West Coast

Otago

Queenstown Lakes

Southland

 

National Property Pulse factsheet – June 2012

The national summary report for June is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the country totalled 6,135 in the month showing a fall on a seasonally adjusted basis in June but at the same time representing a 17% increase as compared to a year ago. The inventory of unsold houses on the market at just below 30 weeks sets a new 4 year low and represents a turnaround from a rise in May reflecting how the rate of sale is outpacing the growth in new listings.. The current level of unsold properties on the market represents a very clear sellers market, well below the long-term average of 41 weeks of equivalent sales.

The stratified median house price for property sales in June was $383,095 which represents a 5% increase from June last year and sets a new record level for the country. The recent trend continues the steady increase for the past 18 months. The asking price expectation of new listings fell in June to $425,783 as measured on a seasonally adjusted basis, this represents a 2% increase from the asking price in June last year.

The level of new listings coming onto the market in June at 10,794 was down on the May total of 11,544, and up 18% as compared to a year ago.

 

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National Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Property Pulse - Regional Market Report

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

Property sales across the country totaled 6,135 in the month showing a fall on a seasonally adjusted basis in June but at the same time representing a 17% increase as compared to a year ago. The inventory of unsold houses on the market at just below 30 weeks sets a new 4 year low and represents a turnaround from a rise in May reflecting how the rate of sale is outpacing the growth in new listings.. The current level of unsold properties on the market represents a very clear sellers market, well below the long-term average of 41 weeks of equivalent sales.

The stratified median house price for property sales in June was $383,095 which represents a 5% increase from June last year and sets a new record level for the country. The recent trend continues the steady increase for the past 18 months. The asking price expectation of new listings fell in June to $425,783 as measured on a seasonally adjusted basis, this represents a 2% increase from the asking price in June last year.

The level of new listings coming onto the market in June at 10,794 was up down on the May total of 11,544, and up 18% as compared to a year ago.

 

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Northland Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Northland Property Market Factsheet

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

Property sales in Northland at 153 showed a significant rise on a seasonally adjusted basis in June and is up a very significant 39% as compared to a year ago. The inventory of unsold houses on the market at 126 weeks has barely changed from the prior month of 124. It is does sit just below the long-term average of 133 weeks of equivalent sales.

Median sales price for property sales in Northland at $308,000 is down 4% as compared to a year ago, although up significantly from May. The recent trend has been of a flat pricing for the past year. The asking price expectation of new listings fell in June to $403,906, but was up 4% from the asking price in June last year.

The level of new listings coming onto the market in June at 427 was down significantly from May, and yet up 21% as compared to a year ago.

 

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Auckland region Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Auckland Property Market Factsheet

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

Property sales across the Auckland region at 2,381 in the month fell slightly on a seasonally adjusted basis in June but was up 17% on June 2011. The inventory of unsold houses slipped lower again to below 20 weeks to sit at 18.1 weeks, the lowest recorded level for over 4 years, this level of inventory continues to track well below the long-term average of 33 weeks of equivalent sales.

The stratified median house price at $529,200 rose 7% as compared to a year ago and continues to show a strong growth now over the past 18 months. The asking price expectation of new listings fell though to $558,366 up 2% as compared to a year ago.

The level of new listings coming onto the market across the Auckland region in June at 3,755 was up 21% as compared to a year ago, however this increase has not dented the low level of inventory of houses on the market.

 

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