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Coromandel Property Pulse factsheet – May 2011

Posted on: June 15th, 2011 | Filed in Coromandel Property Market Factsheet

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

Property sales in the Coromandel region at 34 in the month fell on a seasonally adjusted basis in May and showed a significant 31% fall as compared to a year ago. The inventory of unsold houses fell again to 223 weeks edging back down to the long-term average at 198 weeks of equivalent sales.

Median sales price for property sold in the Coromandel in May at $320,000 was down 17% as compared to a year ago, although up from the prior month. The asking price expectation of new listings was also up 7% as compared to a year ago at $417,330.

The level of new listings coming onto the market in May at 175 down a significant 49% as compared to a year ago.

 

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