The Coromandel district property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Coromandel region at 43 in the month was flat on a seasonally adjusted basis in May and showed a 26% rise as compared to a year ago. The inventory of unsold houses fell to 184 weeks, taking it back to the long-term average at just under 200 weeks of equivalent sales.
Median sales price for property sold in the Coromandel in May at $390,000 a significant rise of 22% as compared to a year ago and significantly up from the prior month. The asking price expectation of new listings was down 3% as compared to a year ago at $422,998.
The level of new listings coming onto the market in May at 184 was up 5% as compared to a year ago.