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Archive for the ‘Southland Property Market Factsheet’ Category

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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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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.

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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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Southland Property Pulse factsheet – November 2011

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

The Southland 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 Southland at 139 in the month were when seen on a seasonally adjusted basis flat for the past 4 months. The sales were up 11% as compared to a year ago. The inventory of unsold houses on the market remained stable at 39 weeks of equivalent sales, sitting steady above the long term average thereby indicating a slight favour towards buyers in the market, The long-term average inventory is 32 weeks of equivalent sales.

Median sales price at $196,000 slipped slightly from October, and was up 4% as compared to a year ago. The asking price expectation of new listings was down 2% as compared to a year ago at $223,790.

The level of new listings coming onto the market in November at 327 rose steeply as compared to October and was up 11% as compared to a year ago.

 

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Southland Property Pulse factsheet – October 2011

Posted on: November 28th, 2011 | Filed in Southland Property Market Factsheet

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

Property sales in Southland at 130 in the month were when seen on a seasonally adjusted basis flat for the past 3 months. The sales were significantly up 44% as compared to a year ago. The inventory of unsold houses on the market fell to 39 weeks of equivalent sales, the recent couple of months has seen inventory rise up as compared to the long-term average of 32 weeks of equivalent sales.

Median sales price at $204,000 was up a very significant 20% as compared to a year ago, and up 20% on the prior month. The asking price expectation of new listings was up 9% as compared to a year ago at $259,063.

The level of new listings coming onto the market in October at 276 rose steeply as compared to September and was up 4% as compared to a year ago.

 

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Southland Propert Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Southland Property Market Factsheet

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

Property sales in Southland at 160 in the month rose significantly 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 fell to 50 weeks to remain well above the long-term average of 32 weeks of equivalent sales.

Median sales price at $180,500 was down 8% as compared to a year ago but down on the prior month. The asking price expectation of new listings was down 8% as compared to a year ago at $228,436.

The level of new listings coming onto the market in May at 272 rose as compared to April but was down a significant 19% as compared to a year ago.

 

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Southland Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Southland Property Market Factsheet

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

Property sales in Southland at 126 in the month rose slightly on a seasonally adjusted basis in April but were down 5% as compared to a year ago. The inventory of unsold houses on the market rose to 56 weeks to remain well above the long-term average of 32 weeks of equivalent sales.

Median sales price at $193,250 was up 4% as compared to a year ago, and up on the prior month. The asking price expectation of new listings was up 2% as compared to a year ago at $245,093.

The level of new listings coming onto the market in April at 222 fell as compared to March and was down a significant 44% as compared to a year ago.

 

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Southland – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Southland Property Market Factsheet

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

Property sales at 136 in the month rose slightly on a seasonally adjusted basis in March but were down 11% as compared to a year ago. The inventory of unsold houses rose to remain well above the long-term average at 50 weeks of equivalent sales.

Median sales price at $185,750 was down 3% as compared to a year ago, and down on the prior month. The asking price expectation of new listings was also down 4% as compared to a year ago at $225,813.

The level of new listings coming onto the market in March at 298 rose very slightly as compared to February and was up 6% as compared to a year ago.

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Southland – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Southland Property Market Factsheet

Realestate_DownloadNowThe Southland district Property Market factsheet for October 2010 can be downloaded by clicking this icon.

The median property price in Southland fell again in September, from the August figure of $194,500, it fell to $185,000. As compared to a year ago prices in the region are in the month are down 2.4%.

Southland median house price- Sep 2010Property sales in the region rose significantly in September on a seasonally adjusted basis by 35.1% to 141 properties. Over the first 9 months of 2010 there has been a total of 1,142 properties sold as compared to 1,371 in the same period in 2009.

Southland seasonally adjusted property sales - Sep 2010

Inventory of houses on the market grew again in September to 48 weeks of equivalent sales compares to the 47 weeks in August. This June inventory of 48 weeks of equivalent sales remains high as compared to the long term average of 26 weeks. This would indicate that the market is still favouring buyers.

Southland_inventory_of_unsold_homes_-_Sep_2010

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Southland – Monthly Property Market Pulse factsheet – August 2010

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

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

The median property price in Southland rose sharply in July, from the June figure of $172,000, it rose to $210,000. As compared to a year ago prices in the region are in the month are up 10.5%.

Southland_property_prices_July_2010

Property sales in the region rose slightly in July on a seasonally adjusted basis with to 109 properties. On a moving annual basis property sales are down 3.8% with 1,632 properties sold in the past 12 months compared to 1,696 in the prior 12 month period.

Southland_property_sales_July_2010

Inventory of houses on the market grew again in July to 46 weeks of equivalent sales compares to the 44 weeks in June. This June inventory of 46 weeks of equivalent sales remains high as compared to the long term average of 26 weeks. This would indicate that the market is still favouring buyers.

Southland_inventory_of_unsold_houses_July_2010

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