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Coromandel Property Pulse factsheet – March 2011

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

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

Property sales at 50 in the month barely rose on a seasonally adjusted basis in March and fell 17% as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 283 weeks of equivalent sales.

Median sales price at $350,000 was down 14% as compared to a year ago but up from the prior 2 months. The asking price expectation of new listings was also down 3% as compared to a year ago at $408,765.

The level of new listings coming onto the market in March at 254 was down from February and down 6% as compared to a year ago.

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