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Archive for the ‘Southland Property Market Factsheet’ Category

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Southland – Property Market Pulse factsheet – July 2010

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

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

The median property price in Southland fell sharply in June, from the may figure of $197,000, to $172,000. As compared to a year ago prices in the region are in the month down over 11%. This takes the current price close to the low of $165,000 in November 2008.

Southland median sales price July 2010

Property sales in the region fell 10% in June on a seasonally adjusted basis to 111 properties. The first half of 2010 has seen a total of 711 sales as compared to 842 in the same period in 2009 – a drop of 16%.

Southland seasonally adjusted sales July 2010

Inventory of houses on the market spiked upwards in June as a result of the sales decline. The June level of 44 weeks of equivalent sales compares to the 40 weeks in May. This June inventory of 44 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 properties for sale Jul 2010

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Southland – Property market pulse factsheet – June 2010

Posted on: June 23rd, 2010 | Filed in Southland Property Market Factsheet

The median property price in Southland jumped in May at $197,000, from $185,000 in April. As compared to a year ago prices in the region are up by a significant 9.4%, the highest rate of increase in the country.

NZ Property market pulse - Southland price June 2010

Property sales in the region though remained steady, but subdued. As measured on a seasonally adjusted basis. The May figure of 123 compares to 135 in April and 125 in March, however this 3 month period is significantly down by 16% on the same period in 2009.

NZ Property market pulse factsheet - Southland_sales_June_2010

Inventory of houses on the market fell sharply in May from the peak of 52 weeks of equivalent sales in April to 40 weeks in May. This May inventory of 40 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.

NZ Property market pulse factsheet - Southland inventory June 2010

The Southland region – Property market pulse factsheet – June 2010 is available as a downloaded pdf document.

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