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Marlborough Property Pulse factsheet – April 2011

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

The Marlborough region 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 Marlborough region at 64 in the month rose on a seasonally adjusted basis in April but were down 15% as compared to a year ago. The inventory of unsold houses on the market rose sharply to 81 weeks to remain well above the long-term average of 52 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $333,500 was up 17% as compared to a year ago and up significantly on the prior month. The asking price expectation of new listings was also down 3% as compared to a year ago at $372,652.

The level of new listings coming onto the market in April at 1413 fell as compared to the prior month and was down 16% as compared to a year ago.

 

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