The Unconditional Blog

The impartial voice of the industry

 
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Property Pulse – November 2011

Posted on: December 20th, 2011 | Filed in Featured, Property Pulse - Regional Market Report

Each month we publish a factsheet for each region of the country as well as a national report to provide an insight to the key numbers that detail the health of the property market across the country.

These reports for the month of November cover all 16 provincial regions as well as reports covering the 3 main metropolitan regions of Auckland, Wellington and Christchurch. The Auckland report is divided up into each of the main metro areas (North Shore, Waitakere, Manukau as well as Auckland City).

Each factsheet provides the key numbers in table and chart form using the key statistics from the Real Estate Institute of NZ and Realestate.co.nz. This provides the number of property sales in the month, the median sales price for those property sales, the inventory of unsold properties on the market, as well as the number and the asking price expectation of new listings brought onto the market in the month.

Metropolitan Areas

Auckland City

North Shore

Waitakere

Manukau

Wellington

Chistchurch

Provincial Areas

Northland

Coromandel

Waikato

Bay of Plenty

Central North Island

Hawkes Bay

Gisborne

Taranaki

Manawatu / Wanganui

Wairarapa

Nelson

Marlborough

West Coast

Otago

Queenstown Lakes

Southland

National Property Pulse

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

Property sales across the country totalled 6,008 in the month showed a strong rise on a seasonally adjusted basis in November and a significant 17% rise as compared to November 2010. The inventory of unsold houses on the market at 38 weeks of equivalent sales continues to sit below the long-term average of 41 weeks indicating that the market in overall terms is favouring sellers, although this bias is primarily being seen in the metro areas of Auckland and Christchurch.

The stratified mean sales price for property sales across the country at $372,225 is up 3% as compared to a year ago, and continues to show a steady rise over the past year and is now at a 3 year high. The asking price expectation of new listings slipped slightly from the peak seen in October; for the month of November the asking price was $425,956, which is 2% up as compared to a year ago.

The level of new listings coming onto the market in November at 13,369 showed a significant rise from October and is 3% up on a year ago.

 

 

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Northland Property Pulse factsheet – November 2011

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

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

Property sales in Northland at 136 in the month increased on a seasonally adjusted basis in November and is up 26% as compared to a year ago. The inventory of unsold houses on the market at 136 weeks has risen after falling to a low of 128 weeks. It is now just back above the long-term average of 130 weeks of equivalent sales.

Median sales price for property sales in Northland at $305,000 is down 2% as compared to a year ago. The recent trend has been a continued decline over the prior 6 months although the past month has seen a slight pick-up. The asking price expectation of new listings fell in November to $365,293, an 8% fall from the asking price in November last year.

The level of new listings coming onto the market in November at 713 was up significantly from October and up 46% as compared to a year ago.

 

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Auckland region Property Pulse factsheet – November 2011

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

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

Property sales across the Auckland region at 2,214 in the month rose on a seasonally adjusted basis in November and were up 27% on November 2010. The inventory of unsold houses slipped again to 26.9 weeks, having risen slightly last month to below the long-term average of 33 weeks of equivalent sales.

The stratified mean sales price at $510,000 rose 6% as compared to a year ago and fairly stable as it has climbed for the past 10 months. The asking price expectation of new listings also rose to $556,610 up 2% as compared to a year ago.

The level of new listings coming onto the market across the Auckland region in November at 4,459 rose 6% as compared to a year ago.

 

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Auckland – North Shore Property Pulse factsheet – November 2011

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

The Auckland North Shore property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales on the North Shore of Auckland at 431 in the month rose on a seasonally adjusted basis in November and were up 29% on November 2010. The inventory of unsold houses across the wider Auckland region at 27 weeks remains below the long-term average at 34 weeks of equivalent sales.

The median sales price for properties sold on the North Shore in November at $570,000 was up 4% from a year ago and continues to set new highs of the past 3 years. The asking price expectation of new listings across the wider Auckland region remains stable at $556,610 up just 2% as compared to a year ago.

The level of new listings coming onto the market across the wider Auckland region in November at 4,459 was up 6% as compared to a year ago.

 

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Auckland – Waitakere Property Pulse factsheet – November 2011

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

The Auckland – Waitakere property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Waitakere are of Auckland at 318 in the month rose on a seasonally adjusted basis in November and were up a very significant 47% on November 2010. The inventory of unsold houses across the wider Auckland region at 27 weeks remains below the long-term average at 34 weeks of equivalent sales.

The median sales price for property in the Waitakere region of Auckland at $402,250 is up 6% as compared to a year ago whilst slipping slightly from the new 3-year levels. The asking price expectation of new listings across the wider Auckland region rose to $556,610 up 2% as compared to a year ago, and in-line with recent months.

The level of new listings coming onto the market across the wider Auckland region in November at 4,459 was up 6% as compared to a year ago.

 

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Auckland City Property Pulse factsheet – November 2011

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

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

Property sales within the City of Auckland at 808 in the month rose strongly on a seasonally adjusted basis in November and was up 15% on November 2010. The inventory of unsold houses across the wider Auckland region at 27 weeks remains below the long-term average at 34 weeks of equivalent sales.

The median sales price for property in Auckland City at $565,000 was up 4% as compared to a year ago, and was up significantly on prior months. The asking price expectation of new listings across the wider Auckland region slipped slightly to $556,610 up 2% as compared to a year ago.

The level of new listings coming onto the market across the wider Auckland region in November at 4,459 was up 6% as compared to a year ago.

 

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Auckland – Manukau Property Pulse factsheet – November 2011

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

The Auckland – Manukau property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Manukau region of Auckland at 423 in the month rose on a seasonally adjusted basis in November and were up a significant 43% on November 2010. The inventory of unsold houses across the wider Auckland region at 27 weeks remains below the long-term average at 34 weeks of equivalent sales.

The median sales at $484,000 was up 9% as compared to a year ago, recent prices have been fairly flat for the majority of the year until this significant upturn. The asking price expectation of new listings across the wider Auckland region rose to $556,610 up 2% as compared to a year ago, and in-line with the recent months.

The level of new listings coming onto the market across the wider Auckland region in November at 3,796 was down 3% as compared to a year ago.

 

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Coromandel Property Pulse factsheet – November 2011

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

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

Property sales in the Coromandel region at 52 in the month rose significantly on a seasonally adjusted basis in November and showed a 13% rise as compared to a year ago. The inventory of unsold houses rose to 207 weeks, taking it back to the long-term average at just under 200 weeks of equivalent sales.

Median sales price for property sold in the Coromandel in November at $378,750 a significant rise of 17% as compared to a year ago and significantly up from the prior month. The asking price expectation of new listings was up 23% as compared to a year ago at $439,045.

The level of new listings coming onto the market in November at 247 was down 29% as compared to a year ago.

 

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Waikato Property Pulse factsheet – November 2011

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

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

Property sales in the Waikato region at 365 in the month rose on a seasonally adjusted basis in November and was up a significant 42% as compared to a year ago. The inventory of unsold houses rose to 46 weeks having been steady around the 40 week mark for the last couple of months, this still means that inventory remains below the long-term average of 49 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $310,000 was down 3% as compared to a year ago and up on the prior month. The asking price expectation of new listings remained flat as compared to a year ago at $351,156.

The level of new listings coming onto the market across the Waikato region in November at 853 was down 4% as compared to a year ago, but up as compared to October.

 

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Bay of Plenty Property Pulse factsheet – November 2011

Posted on: December 19th, 2011 | Filed in Bay of Plenty Property Market Factsheet

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

Property sales across the Bay of Plenty region at 349 in the month rose significantly on a seasonally adjusted basis in November, and was up 9% as compared to a year ago. The inventory of unsold houses remained at 55 weeks; this still leaves the region slightly above the long-term average of 53 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $310,000 was down 3% as compared to a year ago and down on the prior month. The asking price expectation of new listings in the Bay of Plenty was up 6% as compared to a year ago at $420,291.

The level of new listings coming onto the market in November at 881 was up from October and down 18% as compared to a year ago.

 

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