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Gisborne – Property Pulse factsheet – March 2011

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

The Gisborne 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 39 in the month fell on a seasonally adjusted basis in March and were down a significant 24% as compared to a year ago. The inventory of unsold houses rose again to remain just above the long-term average at 53 weeks of equivalent sales.

Median sales price at $225,000 was down 10% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down just 2% as compared to a year ago at $323,405.

The level of new listings coming onto the market in March at 79 was marginally up from February but down a very significant 48% as compared to a year ago.

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