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Gisborne Property Pulse factsheet – November 2011

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

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

Property sales across the Gisborne region at 31 in the month rose slightly on a seasonally adjusted basis in November, but was down 213% as compared to a year ago. The inventory of unsold houses remains fairly static at around 63 weeks which is well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $245,000 was down 7% as compared to a year ago but up from the prior month. The asking price expectation of new listings in the Gisborne region was down a significant 29% as compared to a year ago at $260,189.

The level of new listings coming onto the market in November at 76 was up compared to October and significantly down 11% as compared to a year ago.


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