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Gisborne Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Gisborne Property Market Factsheet

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

Property sales across the Gisborne region at 30 in the month fell on a seasonally adjusted basis in April and were down a significant 17% as compared to a year ago. The inventory of unsold houses rose again to 60 weeks to remain well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $220,250 was up 2% as compared to a year ago and down slightly from the prior month. The asking price expectation of new listings in the Gisborne region was up 6% as compared to a year ago at $328,733.

The level of new listings coming onto the market in April at 190 was significantly marginally up from March and up 135% as compared to a year ago.

 

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