The Unconditional Blog

The impartial voice of the industry

 
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NZ Property Pulse – May 2011

Posted on: June 16th, 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 May 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 May 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the country totaled 5,766 in the month showed a rise on a seasonally adjusted basis in May and a 11% rise as compared to May 2010. The inventory of unsold houses on the market at 47 weeks of equivalent sales continues to sit well above the long-term average of 41 weeks.

The stratified mean sales price for property sales across the country at $358,925 is down just 1% as compared to a year ago, and has shown some easing over the prior month. The asking price expectation of new listings fell in May to $414,308, which is 2% up as compared to a year ago.

The level of new listings coming onto the market in April at 9,898 was down significantly from April and down 16% as compared to a year ago.

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Waikato Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Waikato Property Market Factsheet

The Waikato region property pulse factsheet for May 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 significantly on a seasonally adjusted basis in May and were up 27% as compared to a year ago. The inventory of unsold houses fell further from 66 weeks to 57 weeks, this still sits above 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 $315,000 was up 3% as compared to a year ago and up slightly on the prior month. The asking price expectation of new listings fell just 1% as compared to a year ago at $365,381.

The level of new listings coming onto the market across the Waikato region in May at 583 was down 15% as compared to a year ago.

 

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Bay of Plenty Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Bay of Plenty Property Market Factsheet

The Bay of Plenty region property pulse factsheet for May 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 384 in the month rose on a seasonally adjusted basis in May and also up a significant 24% as compared to a year ago. The inventory of unsold houses fell to 67 weeks from 73 weeks in March, this still laces the region well above the long-term average of 57 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $315,000 was up 3% as compared to a year ago and up slightly on the prior month. The asking price expectation of new listings in the Bay of Plenty was down 13% as compared to a year ago at $384,610.

The level of new listings coming onto the market in May at 786 was up from April but down 8% as compared to a year ago.

 

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Central North Island Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Central North Island Property Market Factsheet

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

Property sales across the Central North Island region at 47 in the month fell very slightly on a seasonally adjusted basis in May and were down a further 6% as compared to a year ago. The inventory of unsold houses fell to 93 weeks although remaining remain well above the long-term average of 80 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $315,000 was up 3% as compared to a year ago and up slightly on the prior month. The asking price expectation of new listings in the Central North Island was down 9% as compared to a year ago at $346,709.

The level of new listings coming onto the market in May at 157 was down from prior month and up a significant 60% as compared to a year ago.

 

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Gisborne Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Gisborne Property Market Factsheet

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

Property sales across the Gisborne region at 42 in the month rose on a seasonally adjusted basis in May and were up a significant 24% as compared to a year ago. The inventory of unsold houses rose again to 64 weeks to remain well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $240,000 was down 6% as compared to a year ago although it was up from the prior month. The asking price expectation of new listings in the Gisborne region was down 2% as compared to a year ago at $330,140.

The level of new listings coming onto the market in May at 84 was significantly down from April and up just 1% as compared to a year ago.

 

 

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Hawkes Bay Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Hawkes Bay Property Market Factsheet

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

Property sales across the Hawkes Bay region at 195 in the month rose significantly on a seasonally adjusted basis in May and showed a 8% rise as compared to a year ago. The inventory of unsold houses on the market remained static at 57 weeks to remain well above the long-term average of 40 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $268,000 was down 3% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down 4% as compared to a year ago at $321,080.

The level of new listings coming onto the market in May at 381 was up from prior month and up slightly by 1% as compared to a year ago.

 

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Taranaki Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Taranaki Property Market Factsheet

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

Property sales across the Taranaki region at 201 in the month rose significantly on a seasonally adjusted basis in May and were up 20% as compared to a year ago. The inventory of unsold houses on the market fell slightly to 35 weeks to remain well above the long-term average of 25 weeks of equivalent sales.

Median sales price of property sold in the Taranaki region at $255,000 fell by 7% as compared to a year ago and was also down from the prior month. The asking price expectation of new listings was down 9% as compared to a year ago at $292,077.

The level of new listings coming onto the market in May at 197 was down from the prior month and down 4% as compared to a year ago.

 

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Southland Propert Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Southland Property Market Factsheet

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

Property sales in Southland at 160 in the month rose significantly on a seasonally adjusted basis in May and were up 18% as compared to a year ago. The inventory of unsold houses on the market fell to 50 weeks to remain well above the long-term average of 32 weeks of equivalent sales.

Median sales price at $180,500 was down 8% as compared to a year ago but down on the prior month. The asking price expectation of new listings was down 8% as compared to a year ago at $228,436.

The level of new listings coming onto the market in May at 272 rose as compared to April but was down a significant 19% as compared to a year ago.

 

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Otago Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Otago Property Market Factsheet

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

Property sales in the Otago region at 215 in the month fell on a seasonally adjusted basis in May but were up 4% as compared to a year ago. The inventory of unsold houses on the market fell to 31 weeks, it now edges closer to the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $235,000 was up 2% as compared to a year ago, and unchanged from the prior month. The asking price expectation of new listings was down 1% as compared to a year ago at $264,286.

The level of new listings coming onto the market in May at 287 fell as compared to prior month and was down a significant 25% as compared to a year ago.

 

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Queenstown Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Queenstown Lakes Property Market Factsheet

The Queenstown Lakes district region property pulse factsheet for May 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 94 in the month fell on a seasonally adjusted basis in May but were up a significant 40% as compared to a year ago. The inventory of unsold houses on the market at 107 weeks fell to edge closer to the long-term average of 100 weeks of equivalent sales.

Median sales price of properties sold in the Queenstown Lakes and Central Otago region at $402,000 was down 7% as compared to a year ago, and down significantly on the prior month. The asking price expectation of new listings remained unchanged as compared to a year ago at $525,073.

The level of new listings coming onto the market in May at 259 rose fell significantly as compared to prior month and was up slightly by 2% as compared to a year ago.

 

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