The Unconditional Blog

The impartial voice of the industry

 

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

0

Southland Property Pulse factsheet – June 2012

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

The Southland 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 Southland at 141 in the month was down when seen on a seasonally adjusted basis, there has been a steady sowing of sales through the past 4 months since the very strong activity seen in February. The sales were up just 1% as compared to a year ago. The inventory of unsold houses on the market were up slightly at 34 weeks of equivalent sales, sitting right on the long term average.

Median sales price at $188,000 slipped slightly from May, and was up 2% as compared to a year ago. The asking price expectation of new listings was down by 10% as compared to a year ago at $228,558.

The level of new listings coming onto the market in June at 273 fell as compared to May but was up 13% as compared to a year ago.

0

Pace of property sales continues to outpace listings

Posted on: July 18th, 2012 | Filed in Featured, Property Pulse - Regional Market Report

Every quarter we step back from the monthly sales and listings data to look at the trends of these two key measures of the supply and demand for the property market as tracked by respective movements over the last quarter.

The picture for the second quarter of 2012 as measured against last year is that the growth in sales across the country is easing. That is not to say that sales themselves are easing, just that the rate of growth is slowing. A year ago in the April to June period 15,981 properties were sold, this year across the same period 18,986 properties were sold a rise of 19%. At the same time listings rose just 7% from 29,190 in April to June 2011 to 31,306 this year.

The chart shows the relative growth or decline of property sales (red bars) and new listings (blue bars) measured by 3 month period compared to the same period the prior year. The data covers the past 3 years. The overall picture from this total NZ property perspective is of the rise in sales volumes for the past 5 quarters since the second quarter of 2011. The listings volumes though slow to respond to this rise in sales have yet to show the scale of increase necessary to re-balance the market from the very strong sellers market now being experienced.

Across the country within the 19 regions the picture is fairly consistent of a still strong sales growth but with listings lagging behind keeping the pressure on the market. The exceptions to this trend can be seen in the Coromandel where sales are down as are listings and in Nelson where activity has slowed, although listings are in short supply.

Below are the charts for each of the 19 regions in alphabetical order – hover over each one to identify the region and then click through to see the full chart.

0

Property Pulse – May 2012

Posted on: June 19th, 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 May cover 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

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

Property sales across the country totaled 7,175 in the month showing a significant rise on a seasonally adjusted basis in May as well as a 24% increase as compared to a year ago. The inventory of unsold houses on the market at 36 weeks has risen for the second month in a row after witnessing a steady and consistent fall of over a year. 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 May was $381,950 which represents a 6% increase from May last year. The recent trend has been of a steady increase for the past 18 months. The asking price expectation of new listings rose in May to $453,887, a 5% increase from the asking price in May last year.

The level of new listings coming onto the market in May at 11,544 was up significantly from April, and up 17% as compared to a year ago.

 

0

Northland Property Pulse factsheet – May 2012

Posted on: June 19th, 2012 | Filed in Northland Property Market Factsheet

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

Property sales in Northland at 150 in the month decreased on a seasonally adjusted basis in May and is up 13% as compared to a year ago. The inventory of unsold houses on the market at 124 weeks has fallen from the prior month of 141. It is now just below the long-term average of 133 weeks of equivalent sales.

Median sales price for property sales in Northland at $280,000 is down 2% as compared to a year ago. The recent trend has been a slight drop off having seen a strengthening in the second half of 2011. The asking price expectation of new listings rose in May to $450,142, a 15% fall from the asking price in May last year.

The level of new listings coming onto the market in May at 578 was down significantly from April, but up 56% as compared to a year ago.

 

0

Auckland region – Property Pulse factsheet – May 2012

Posted on: June 19th, 2012 | Filed in Auckland Property Market Factsheet

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

Property sales across the Auckland region at 2,749 in the month rose significantly on a seasonally adjusted basis in May and was up 28% on May2011. The inventory of unsold houses slipped lower again to 20.6 weeks, this inventory continues to track well below the long-term average of 33 weeks of equivalent sales.

The stratified median house price at $529,050 rose 8% as compared to a year ago and continues to show the steady growth now over the past 18 months. The asking price expectation of new listings also rose to $578,533 also up 8% as compared to a year ago.

The level of new listings coming onto the market across the Auckland region in May at 3,833 was up 12% as compared to a year ago, well below the rate of sales growth.

 

0

Auckland – North Shore Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Auckland Property Market Factsheet

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

Property sales on the North Shore of Auckland at 567 in the month rose on a seasonally adjusted basis in May and were up 25% on May2011. The inventory of unsold houses across the wider Auckland region at 20.6 weeks remains below the long-term average at 33 weeks of equivalent sales.

The median sales price for properties sold on the North Shore in May at $590,000 was up 8% from a year ago. The asking price expectation of new listings across the wider Auckland region also rose to $578,533 up 8% as compared to a year ago.

The level of new listings coming onto the market across the wider Auckland region in May at 3,833 was up 12% as compared to a year ago.

 

0

Auckland – Waitakere Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Auckland Property Market Factsheet

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

Property sales in the Waitakere are of Auckland at 348 in the month rose on a seasonally adjusted basis in May and were up 9% on May2011. The inventory of unsold houses across the wider Auckland region at 20.6 weeks remains below the long-term average at 33 weeks of equivalent sales.

The median sales price for property in the Waitakere region of Auckland at $401,000 is up 7% as compared to a year ago. The asking price expectation of new listings across the wider Auckland region also rose to $578,533 up 8% as compared to a year ago.

The level of new listings coming onto the market across the wider Auckland region in May at 3,833 was up 12% as compared to a year ago.

 

0

Auckland City – Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Auckland Property Market Factsheet

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

Property sales within the City of Auckland at 948 in the month rose strongly on a seasonally adjusted basis in May and was up 29% on May2011. The inventory of unsold houses across the wider Auckland region at 20.6 weeks remains below the long-term average at 33 weeks of equivalent sales.

The median sales price for property in Auckland City at $577,000 was up 10% to reach a new high as compared to a year ago, and was up significantly on prior months. The asking price expectation of new listings across the wider Auckland region also rose to $578,533 up 8% as compared to a year ago.

The level of new listings coming onto the market across the wider Auckland region in May at 3,833 was up 12% as compared to a year ago.

 

2

Auckland – Manukau Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Auckland Property Market Factsheet

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

Property sales in the Manukau region of Auckland at 519 in the month rose significantly on a seasonally adjusted basis in May and were up a significant 33% on May2011. The inventory of unsold houses across the wider Auckland region at 20.6 weeks remains below the long-term average at 33 weeks of equivalent sales.

The median sales at $480,000 was up 3% as compared to a year ago, recent prices have been fairly flat for the majority of the year-to-date. The asking price expectation of new listings across the wider Auckland region also rose to $578,533 up 8% as compared to a year ago.

The level of new listings coming onto the market across the wider Auckland region in May at 3,833 was up 12% as compared to a year ago.

 

0

Coromandel Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Coromandel Property Market Factsheet

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

Property sales in the Coromandel region at 43 in the month was flat on a seasonally adjusted basis in May and showed a 26% rise as compared to a year ago. The inventory of unsold houses fell to 184 weeks, taking it back to the long-term average at just under 200 weeks of equivalent sales.

Median sales price for property sold in the Coromandel in May at $390,000 a significant rise of 22% as compared to a year ago and significantly up from the prior month. The asking price expectation of new listings was down 3% as compared to a year ago at $422,998.

The level of new listings coming onto the market in May at 184 was up 5% as compared to a year ago.

Page 6 of 28« First...45678...20...Last »