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Coromandel Property Pulse factsheet – June 2012

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

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

Property sales in the Coromandel region at 45 in the month fell on a seasonally adjusted basis in June and also showed a 15% fall as compared to a year ago. The inventory of unsold houses fell to 170 weeks, reversing the rise seen in May, this takes the inventory back below the long-term average at 198 weeks of equivalent sales.

Median sales price for property sold in the Coromandel in June at $330,000 a significant fall of 12% as compared to a year ago and down significantly from the prior month. The asking price expectation of new listings was down 13% as compared to a year ago at $387,634.

The level of new listings coming onto the market in June at 170 was down 27% as compared to a year ago.

 

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