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Hawkes Bay Property Pulse factsheet – April 2011

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

The Hawkes Bay region property pulse factsheet for April 2011 is published using data from and REINZ (Real Estate Institute of NZ).

Property sales across the Hawkes Bay region at 118 in the month fell significantly on a seasonally adjusted basis in April and showed a 28% fall as compared to a year ago. The inventory of unsold houses on the market rose again to 57 weeks to remain well above the long-term average of 39 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $271,500 was down just 1% as compared to a year ago but up from the prior month. The asking price expectation of new listings was down just 2% as compared to a year ago at $334,132.

The level of new listings coming onto the market in April at 353 was down from prior month and down a significant 13% as compared to a year ago.




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