The Unconditional Blog

The impartial voice of the industry

 
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Wairarapa Property Pulse factsheet – November 2011

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

The Wairarapa 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 Wairarapa district at 42 in the month showed a fall on a seasonally adjusted basis in November and reflected a significant 24% fall as compared to a year ago. The inventory of unsold houses on the market rose to 100 weeks to remain right in-line with the long-term average of 102 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $220,000 was down 15% as compared to a year ago and continues what has been a steady decline through the year. The asking price expectation of new listings was down 13% as compared to a year ago at $273,623.

The level of new listings coming onto the market in November at 198 was up as compared to October but up just 1% as compared to a year ago.

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Wellington Property Pulse factsheet – November 2011

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

The Wellington 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 Wellington region at 615 in the month rose on a seasonally adjusted basis in November and exactly the same volume of sales as compared to a year ago. The inventory of unsold houses on the market remained stable at 23 weeks, this takes it slightly above the long-term average of 22 weeks of equivalent sales.

The stratified mean sales price of properties sold in the Wellington region at $412,925 was flat as compared to both last year and prior month. The asking price expectation of new listings was down 1% as compared to a year ago at $448,225.

The level of new listings coming onto the market in November at 1,178 was up compared to October, and up 6% as compared to a year ago.

 

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Nelson Property Pulse factsheet – November 2011

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

The Nelson 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 Nelson region at 154 in the month rose on a seasonally adjusted basis in November and was up 13% as compared to a year ago. The inventory of unsold houses on the market picked up to 31weeks to lie just above the long-term average of 30 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $342,075 was in-line with prices of a year ago, but down slightly from the prior month. The asking price expectation of new listings was up 14% as compared to a year ago at $464,911.

The level of new listings coming onto the market in November at 330 was up significantly from October and up 24% as compared to a year ago.

 

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Marlborough Property Pulse factsheet – November 2011

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

The Marlborough 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 Marlborough region at 70 in the month fell very slightly on a seasonally adjusted basis in November and was down 9% as compared to a year ago. The inventory of unsold houses on the market fell back to 61 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 $275,000 was down 8% as compared to a year ago and also down on recent months. The asking price expectation of new listings was also down 4% as compared to a year ago at $364,848.

The level of new listings coming onto the market in November at 193 rose significantly as compared to the prior month and was up 8% as compared to a year ago.

 

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Canterbury Property Pulse factsheet – November 2011

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

The Canterbury 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 Canterbury region at 771 rose in the month on a seasonally adjusted basis in November, but were up a significant 19% as compared to a year ago. The inventory of unsold houses on the market fell further to just 23 weeks, well below the long-term average of 33 weeks of equivalent sales. This signifies a significant shortage in the region and certainly favours sellers in the market.

The stratified mean sales price for properties sold in Christchurch at $367,025 was up 11% as compared to a year ago, and up from the prior month. There has certainly been a strengthening of prices through all of 2011 in the region as inventory and listings have dropped. The asking price expectation of new listings was up by 4% as compared to a year ago at $375,836.

The level of new listings coming onto the market in November at 1,460 was well up on prior month but down 1% as compared to a year ago.

 

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West Coast Property Pulse factsheet – November 2011

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

The West Coast district region 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 West Coast of the South Island at 45 in the month rose significantly on a seasonally adjusted basis in November and was up 25% as compared to a year ago. The inventory of unsold houses on the market remains stable at 77 weeks, well below the long-term average of 106 weeks of equivalent sales.

Median sales price of properties sold on the West Coast at $198,000 was down just 1% as compared to a year ago and down on the prior month. The asking price expectation of new listings though was up a significant 25% as compared to a year ago at $315,993.

The level of new listings coming onto the market in November at 105 was up slightly as compared to prior month and was down just 1% as compared to a year ago.

 

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Queenstown Lakes / Central Otago Property Pulse factsheet – November 2011

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

The Queenstown Lakes district 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 Queenstown Lake and Central Otago region at 85 rose on a seasonally adjusted basis in November and were up 13% as compared to a year ago. The inventory of unsold houses on the market at 105 weeks rose slightly but still remains in line with the long-term average of 105 weeks of equivalent sales.

Median sales price of properties sold in the Queenstown Lakes and Central Otago region at $405,000 was down 4% as compared to a year ago, this continues a steady fall in prices through the year. The asking price expectation of new listings fell by 13% as compared to a year ago at $507,028.

The level of new listings coming onto the market in November at 293 fell as compared to prior month and was up just 8% as compared to a year ago.

 

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Otago Property Pulse factsheet – November 2011

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

The Otago 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 Otago region at 253 in the month rose slightly on a seasonally adjusted basis in November but were down 3% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 28 weeks, this level remains in line with the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $245,000 was up 7% as compared to a year ago, and continues a slow but steady rise through the year. The asking price expectation of new listings remained steady as compared to the prior month as shows a 3% rise as compared to a year ago at $280,378.

The level of new listings coming onto the market in November at 481 was well up on October, and was down just1% as compared to a year ago.

 

 

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Southland Property Pulse factsheet – November 2011

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

The Southland 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 Southland at 139 in the month were when seen on a seasonally adjusted basis flat for the past 4 months. The sales were up 11% as compared to a year ago. The inventory of unsold houses on the market remained stable at 39 weeks of equivalent sales, sitting steady above the long term average thereby indicating a slight favour towards buyers in the market, The long-term average inventory is 32 weeks of equivalent sales.

Median sales price at $196,000 slipped slightly from October, and was up 4% as compared to a year ago. The asking price expectation of new listings was down 2% as compared to a year ago at $223,790.

The level of new listings coming onto the market in November at 327 rose steeply as compared to October and was up 11% as compared to a year ago.

 

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Mobile usage for finding property reaches a new milestone

Posted on: December 14th, 2011 | Filed in Featured, International, mobile

All of us here at Realestate.co.nz are delighted to see the mobile apps for both iPhone and Android blast through the 50,000 download mark this week.

It was just over a year ago when we launched the iPhone app – the first in NZ and the only app with GPS location based property search. A year later and we continue to be surprised and delighted by the uptake and usage which now approaches 14% of all visitor traffic to our listings from the mobile platform.

The appeal of this method of property discovery has been turbocharged in the past couple of months as the summer peak property season has arrived. The month of October saw the highest ever level of downloads with over 6,000 in the month, greatly assisted by the new Android version of the app (another first) in late September. The level of downloads continues with over 200 new downloads per day providing the users with the experience of discovering the convenience and addictive appeal of this app.

Not only are people downloading the app in ever increasing numbers but they are engaging with it more often. Over 2,000 visitors a day check out property for sale and rent whilst on the go – at the cafe, in front of the TV, at open homes.

The app is so comprehensive and so appealing. With the largest selection of listings by licensed agents, usage appeals to the serious property hunter keen to be better informed and in control of the property searching process. Over 90% of users are returning users and unlike the web which is very heavily focused to casual image based browsing the mobile app is all about property information and insight in the palm of your hand.

We have been interested to see just how keen kiwi’s are relative to other countries in regard to uptake and usage of property apps on the the smartphone. Instead of comparing downloads by country (which is tricky as not many other websites publish their data) we chose to use the ranking of the various apps in their respective iTunes app store. Clearly this just seeks to identify the iPhone platform, but this has been the consistent largest platform across all international markets for property apps.

We chose six countries to compare against NZ from Australia and the US / Canada as well as Europe. What we found was very interesting. The Realestate.co.nz property app is the 16th most popular free lifestyle app in NZ, and the 209th most popular free app. Out of interest if you exclude the free “gaming” apps from the rankings the Realestate.co.nz property app jumps up to be the 41st most popular free iPhone app in NZ.

By comparison to NZ; Sweden appears to have the most popular iPhone property app from Hemnet coming in as the 8th most popular free lifestyle app in Sweden, and the 104th most popular free app overall.

Next comes Australia where the Realestate.com.au app comes in as the 11th most popular free lifestyle app and the 127th most popular free app. That then places NZ in third slot amongst these 7 countries. Next comes Canada almost equal to NZ with their Realtor app ranked as the 16th most popular free lifestyle apps and 239th place overall for free apps in Canada. After these four come the the French app from Seloger, the US app from Zillow, and the UK app from Rightmove.

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