The Unconditional Blog

The impartial voice of the industry

 
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West Coast Property Pulse factsheet – May 2011

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

The West Coast 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 on the West Coast of the South Island at 38 in the month rose on a seasonally adjusted basis in May and were up a significant 31% as compared to a year ago. The inventory of unsold houses on the market fell to 120 weeks to remain well above the long-term average of 106 weeks of equivalent sales.

Median sales price of properties sold on the West Coast at $188,000 was up 11% as compared to a year ago and up on the prior month. The asking price expectation of new listings though was down 9% as compared to a year ago at $250,481.

The level of new listings coming onto the market in May at 69 fell as compared to prior month and was down 20% as compared to a year ago.

 

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Canterbury Property Pulse factsheet – May 2011

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

The Canterbury 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 Canterbury region at 616 fell very slightly in the month on a seasonally adjusted basis in May and were down 12% as compared to a year ago. This clearly shows the devastating impact of the February earthquake on the city of Christchurch and the wider Canterbury region. The inventory of unsold houses on the market fell to 44 weeks to remain above the long-term average of 33 weeks of equivalent sales.

The stratified mean sales price for properties sold in Christchurch at $341,205 was unchanged from a year ago but up from the prior month. The asking price expectation of new listings was up slightly by 2% as compared to a year ago at $365,432.

The level of new listings coming onto the market in May at 1,188 was up slightly on prior month and down a significant 29% as compared to a year ago.

 

 

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Marlborough Property Pulse factsheet – May 2011

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

The Marlborough 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 Marlborough region at 84 in the month rose on a seasonally adjusted basis in May and were up 17% as compared to a year ago. The inventory of unsold houses on the market fell to 71 weeks to remain well above the long-term average of 53 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $302,375 was down just 1% as compared to a year ago and down significantly on the prior month. The asking price expectation of new listings was up 3% as compared to a year ago at $392,757.

The level of new listings coming onto the market in May at 163 rose significantly as compared to the prior month and was up 12% as compared to a year ago.

 

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Nelson Property Pulse factsheet – May 2011

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

The Nelson 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 Nelson region at 152 in the month rose on a seasonally adjusted basis in May but were down by 4% as compared to a year ago. The inventory of unsold houses on the market fell to 37 weeks, but remains above the long-term average of 30 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $343,250 was down 2% as compared to a year ago, and was slightly down from the prior month. The asking price expectation of new listings was up 10% as compared to a year ago at $431,920.

The level of new listings coming onto the market in May at 205 was down as compared to April but up 5% as compared to a year ago.

 

 

 

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Manawatu / Wanganui Property Pulse factsheet – May 2011

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

The Manawatu / Wanganui 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 Manawatu and Wanganui region at 279 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 to 50 weeks to remain above the long-term average of 40 weeks of equivalent sales.

Median sales price of properties sold in the Manawatu and Wanganui regions at $230,000 was up 2% as compared to a year ago and up from the prior month. The asking price expectation of new listings was down 6% as compared to a year ago at $248,755.

The level of new listings coming onto the market in May at 388 was down from prior month and down 11% as compared to a year ago.

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Wairarapa Property Pulse factsheet – May 2011

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

The Wairarapa district 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 Wairarapa district at 35 in the month showed a significant fall on a seasonally adjusted basis in May and fell by 36% as compared to a year ago. The inventory of unsold houses on the market did however fall to 139 weeks to remain well above the long-term average of 88 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $220,000 was down 8% as compared to a year ago although up slightly from the prior month. The asking price expectation of new listings was down by 5% as compared to a year ago at $278,124.

The level of new listings coming onto the market in May at 159 was barely unchanged from April and down 5% as compared to a year ago.

 

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Wellington Property Pulse factsheet – May 2011

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

The Wellington 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 Wellington region at 538 in the month fell slightly on a seasonally adjusted basis in May but were up 9% as compared to a year ago. The inventory of unsold houses on the market fell to 26 weeks to remain above the long-term average of 22 weeks of equivalent sales.

The stratified mean sales price of properties sold in the Wellington region at $388,575 was down by 4% as compared to a year ago and showed a similar fall from the prior month. The asking price expectation of new listings was down by 4% as compared to a year ago at $426,696.

The level of new listings coming onto the market in May at 758 was up slightly as compared to March and down 20% as compared to a year ago.

 

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Coromandel Property Pulse factsheet – May 2011

Posted on: June 15th, 2011 | Filed in Coromandel Property Market Factsheet

The Coromandel district 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 Coromandel region at 34 in the month fell on a seasonally adjusted basis in May and showed a significant 31% fall as compared to a year ago. The inventory of unsold houses fell again to 223 weeks edging back down to the long-term average at 198 weeks of equivalent sales.

Median sales price for property sold in the Coromandel in May at $320,000 was down 17% as compared to a year ago, although up from the prior month. The asking price expectation of new listings was also up 7% as compared to a year ago at $417,330.

The level of new listings coming onto the market in May at 175 down a significant 49% as compared to a year ago.

 

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Auckland region Property Pulse factsheet – May 2011

Posted on: June 15th, 2011 | Filed in Auckland Property Market Factsheet

The Auckland 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 Auckland region at 2,154 in the month rose on a seasonally adjusted basis in May and were up 17% on May 2010. The inventory of unsold houses fell markedly to 30.6 weeks which sees it now sitting below the long-term average of equivalent sales.

The stratified mean sales price at $488,305 rose 1% as compared to a year ago but was down compared to the prior month. The asking price expectation of new listings also fell to $533,071, although it is up 3% as compared to a year ago.

The level of new listings coming onto the market across the Auckland region in May at 3,417 showed significant weakness down 11% as compared to a year ago.

 

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Auckland – North Shore Property Pulse factsheet – May 2011

Posted on: June 15th, 2011 | Filed in Auckland Property Market Factsheet

The Auckland North Shore property pulse factsheet for May 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 454 in the month rose on a seasonally adjusted basis in May and were up a significant 29% on May 2010. The inventory of unsold houses fell markedly to 30.6 weeks which sees it now sitting below the long-term average of equivalent sales.

The median sales price for properties sold on the North Shore in May at $545,050 was down just 1% from a year ago and slightly up from last month. The asking price expectation of new listings also fell to $533,071, although it is up 3% as compared to a year ago.

The level of new listings coming onto the market across the Auckland region in May at 3,417 showed significant weakness down 11% as compared to a year ago.

 

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