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Coromandel Property Pulse factsheet – November 2011

Posted on: December 19th, 2011 | Filed in Coromandel Property Market Factsheet

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

Property sales in the Coromandel region at 52 in the month rose significantly on a seasonally adjusted basis in November and showed a 13% rise as compared to a year ago. The inventory of unsold houses rose to 207 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 November at $378,750 a significant rise of 17% as compared to a year ago and significantly up from the prior month. The asking price expectation of new listings was up 23% as compared to a year ago at $439,045.

The level of new listings coming onto the market in November at 247 was down 29% as compared to a year ago.

 

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