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Marlborough Property Pulse factsheet – October 2011

Posted on: November 29th, 2011 | Filed in Marlborough Property Market Factsheet

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

Property sales across the Marlborough region at 69 in the month rose very slightly on a seasonally adjusted basis in October and was up a significant 35% as compared to a year ago. The inventory of unsold houses on the market rose again to 67 weeks to remain above the long-term average of 52 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $325,000 was up a very significant 24% as compared to a year ago and up significantly on the prior month. The asking price expectation of new listings was also up 3% as compared to a year ago at $377,172.

The level of new listings coming onto the market in October at 138 fell as compared to the prior month and was down 19% as compared to a year ago.

 

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