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Hawkes Bay – Property Pulse factsheet – March 2011

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

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

Property sales at 195 in the month barely moved on a seasonally adjusted basis in March but were up slightly by 2% as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 54 weeks of equivalent sales.

Median sales price at $260,000 was down 4% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down just 4% as compared to a year ago at $334,897.

The level of new listings coming onto the market in March at 417 was marginally up from February but down a significant 17% as compared to a year ago.

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