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

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Marlborough Property Pulse factsheet – May 2012

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

The Marlborough 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 Marlborough region at 90 in the month fell very slightly on a seasonally adjusted basis in May but were up 7% as compared to a year ago. The inventory of unsold houses on the market rose sharply to 62 weeks to rise above the long-term average of 55 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $310,000 was up 3% as compared to a year ago and down slightly on the prior month. The asking price expectation of new listings was also down 4% as compared to a year ago at $370,155.

The level of new listings coming onto the market in May at 174 rose as compared to the prior month and was up 7% as compared to a year ago.

 

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Canterbury Property Pulse factsheet – May 2012

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

The Canterbury 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 Canterbury region at 972 rose very sharply in the month on a seasonally adjusted basis in May, it was also 58% up as compared to a year ago. The inventory of unsold houses on the market fell further to just 21 weeks, well below the long-term average of 32 weeks of equivalent sales. This continues to demonstrate the shortage in the region and certainly favours sellers in the market.

The stratified mean sales price for properties sold in Christchurch at $359,900 was up 5% 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 5% as compared to a year ago at $383,504.

The level of new listings coming onto the market in May at 1,297 was well up on prior month and 9% up as compared to a year ago.

 

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West Coast Property Pulse factsheet – May 2012

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

The West Coast district region 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 West Coast of the South Island at 49 in the month rose on a seasonally adjusted basis in May and were up 29% as compared to a year ago. The inventory of unsold houses on the market rose slightly at 78 weeks, yet still lies well below the long-term average of 106 weeks of equivalent sales.

Median sales price of properties sold on the West Coast at $215,000 were up 14% as compared to a year ago but down on the prior month. The asking price expectation of new listings though was up a significant 13% as compared to a year ago at $285,610.

The level of new listings coming onto the market in May at 121 was up as compared to prior month and up a significant 75% as compared to a year ago.

 

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Queenstown Lakes / Central Otago Property Pule factsheet – May 2012

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

The Queenstown Lakes district 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 Queenstown Lake and Central Otago region at 124 rose sharply on a seasonally adjusted basis in May and were up 32% as compared to a year ago. The inventory of unsold houses on the market at 85 weeks rose slightly but still remains well below the long-term average of 101 weeks of equivalent sales.

Median sales price of properties sold in the Queenstown Lakes and Central Otago region at $417,000 was up 4% as compared to a year ago. The asking price expectation of new listings rose 9% as compared to a year ago at $591,895.

The level of new listings coming onto the market in May at 280 was up as compared to prior month and up 8% as compared to a year ago.

 

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Otago Property Pulse factsheet – May 2012

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

The Otago 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 the Otago region at 254 in the month rose slightly on a seasonally adjusted basis in May and were up 18% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 28 weeks, this level remains in line with the long-term average of 29 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $229,000 was down 3% as compared to a year ago, this hardly effected the slow but steady rise through the year and a half. The asking price expectation of new listings remained steady as compared to the prior month as shows a 4% rise as compared to a year ago at $277,850.

The level of new listings coming onto the market in May at 357 was up on April, and up a more significant 24% as compared to a year ago.

 

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Southland Property Pulse factsheet – May 2012

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

The Southland 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 Southland at 162 in the month were very slightly down when seen on a seasonally adjusted basis. 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 $190,000 slipped slightly from April, and was up 5% as compared to a year ago. The asking price expectation of new listings was up 3% as compared to a year ago at $228,261.

The level of new listings coming onto the market in May at 335 rose steeply as compared to April and was up 23% as compared to a year ago.

 

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Property listings out of line with fast paced property sales

Posted on: April 27th, 2012 | Filed in Featured, Property Pulse - Regional Market Report

The quarterly analysis of the property market covering the first 3 months of 2012 clearly show that sales have really taken off, but as yet listings are slow to respond.

The chart below paints a very clear picture of this situation. The quarterly sales growth represented by the red bars shows that year-on-year sales growth has been in positive territory and growing at an accelerated rate for 4 consecutive quarters.

It all began a year ago, when in the second quarter of 2011 the sales year-on-year grew by 7%. The next quarter this grew to 18% and then in the final quarter of 2011 the sales of property really accelerated to 22% year-0n-year growth.

The start of 2012 has seen this growth accelerate again with a 29% growth. This growth represents 3,969 more properties sold in the first 3 months of 2012 than compared to the same time last year – an extra 44 properties a day being sold.

This rise in sales is not being matched as yet by a rise in new listings, as represented by the blue bars in the chart. In the first 3 months of 2012 there has been an increase, but only a 10% increase, but that is not approaching the consistent rise in property sales that has been seen over the past year.

This clearly demonstrates the lag that occurs between sales activity as a measure of demand in the property market and the resultant supply side reaction – usually a 6 months lag.

Around the country, across the 19 regions tracked by REINZ and Realestate.co.nz the picture in the majority of regions is consistent – listings lagging the rise in sales.

The region which standouts for a contrarian trend though is the Coromandel – weaker sales and declining listings.

 

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Property sales on the rise, whilst listing still in decline

Posted on: February 7th, 2012 | Filed in Featured, Property Pulse - Regional Market Report

Through the last 2 quarters of 2011 the rate of property sales in NZ continued to grow; reaching a 22% year-on-year increase in the final quarter, whilst at the same time total new listings were down 1%.

This is the summary of the Quarterly Property Pulse complied from Realestate.co.nz listings data and REINZ sales data. The chart below details the year-on-year growth or decline for each 3 month period through the whole of 2010 and 2011.

Around the country the 19 regions show some degree of variations as summarised in the specific chart for each region.

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Property Pulse – November 2011

Posted on: December 20th, 2011 | Filed in Featured, Property Pulse - Regional Market Report

Each month 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 November 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

The national NZ property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the country totalled 6,008 in the month showed a strong rise on a seasonally adjusted basis in November and a significant 17% rise as compared to November 2010. The inventory of unsold houses on the market at 38 weeks of equivalent sales continues to sit below the long-term average of 41 weeks indicating that the market in overall terms is favouring sellers, although this bias is primarily being seen in the metro areas of Auckland and Christchurch.

The stratified mean sales price for property sales across the country at $372,225 is up 3% as compared to a year ago, and continues to show a steady rise over the past year and is now at a 3 year high. The asking price expectation of new listings slipped slightly from the peak seen in October; for the month of November the asking price was $425,956, which is 2% up as compared to a year ago.

The level of new listings coming onto the market in November at 13,369 showed a significant rise from October and is 3% up on a year ago.

 

 

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Northland Property Pulse factsheet – November 2011

Posted on: December 19th, 2011 | Filed in Northland Property Market Factsheet

The Northland region property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in Northland at 136 in the month increased on a seasonally adjusted basis in November and is up 26% as compared to a year ago. The inventory of unsold houses on the market at 136 weeks has risen after falling to a low of 128 weeks. It is now just back above the long-term average of 130 weeks of equivalent sales.

Median sales price for property sales in Northland at $305,000 is down 2% as compared to a year ago. The recent trend has been a continued decline over the prior 6 months although the past month has seen a slight pick-up. The asking price expectation of new listings fell in November to $365,293, an 8% fall from the asking price in November last year.

The level of new listings coming onto the market in November at 713 was up significantly from October and up 46% as compared to a year ago.

 

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