The Unconditional Blog

The impartial voice of the industry

 
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Hawkes Bay – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Hawkes Bay Property Market Factsheet

My-Adobe-PDF-Files-iconThe Hawkes Bay region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property prices in the Hawkes Bay rose slightly in June at $285,000. As compared to a year ago prices in the region are up by 1.8%.

Hawkes_Bay_property_prices_July_2010

Property sales in the region remained stable in June with no change based on seasonally adjusted data. A total of 163 properties were sold in the region in June. In the first half of 2010 a total of 958 which is 19% down on the same period last year.

Hawkes_Bay_Property_sales_July_2010

Inventory of houses on the market fell slightly in June with 48 weeks of equivalent sales on the market. This inventory level continues to be above the long term average of 35 weeks. This would indicate that the market still swings in favour of buyers.

Hawkes_Bay_inventory_of_property_for_sale_July_2010

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Taranaki – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Taranaki Property Market Factsheet

My-Adobe-PDF-Files-iconThe Taranaki region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property prices in Taranaki fell rose again in June to $285,000 from $275,000 in May. As compared to a year ago prices in the region are up by 5.2%.

Taranaki_property_sales_price_July_2010

Property sales in the region dipped slightly in June with a 10.8% decline on a seasonally adjusted basis. A total of 925 properties have been sold in the first half of 2010, this compares to 1,012 during the same period of 2009.

Taranaki_property_sales_July_2010

Inventory of houses on the market spiked up again to 29 weeks of equivalent sales in June. This June inventory of 29 weeks of equivalent sales continues to be above the long term average of 22 weeks. This would indicate that the market still swings slightly in favour of buyers.

Taranaki_inventory_of_properties_on_the_market_July_2010

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Manawatu / Wanganui – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Manawatu Wanganui Property Market Factsheet

My-Adobe-PDF-Files-iconThe Manawatu / Wanganui region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property prices in the Manawatu / Wanganui region fell again in June from $225,000 in May to $219,000 in June. As compared to a year ago prices in the region are down by just 1.2%.

Manwatu_Wnaganui_property_sales_price_July_2010

Property sales in the region rose again in June on a seasonally adjusted basis by 7.8%. A total of 221 properties were sold in June. In the first half of 2010 a total of 1,347 property sales were reported, this was a 23% decline as compared to the same period in 2009.

Manawatu_Wanganui_property_sales_July_2010

Inventory of houses on the market fell again in June with a total of 47 weeks of equivalent sales on the market as compared to 52 in May. This June inventory of 47 weeks of equivalent sales continues to be above the long term average of 36 weeks. This would indicate that the market still swings in favour of buyers.

Manawatu_Wanganui_inventory_of_property_for_sale_July_2010

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Central North Island – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Central North Island Property Market Factsheet

My-Adobe-PDF-Files-iconThe Central North Island region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property sales for the Central North Island fell on a seasonally adjusted basis from May by 19%. A total of 37 property sales were recorded in June as compared to 57 in June 2009. In the first half of 2010, 298 property sales have been recorded down by 15% from the 349 during the same 6 months of 2009.

Central North Island property sales July 2010

Inventory of houses on the market fell again in June. From the peak of 122 weeks of equivalent sales in March the inventory has fallen consecutively to the current level of 88 weeks. The June inventory though is still higher than the long term average of 74 weeks. This would indicate that the market is still favouring buyers.

Central North Island inventory of properties for sale  July 2010

Property prices for the Central North Island are included in the broad Waikato / Bay of Plenty regional median property price, in June this price was $322,000 which was up 1.0% on June 2009 price.

Waikato BOP property price July 2010

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Wairarapa – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Wairarapa Property Market Factsheet

My-Adobe-PDF-Files-iconThe Wairarapa region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property sales in the Wairarapa fell significantly in June – down 44% from May on a seasonally adjusted basis. A total of 31 properties were sold in June. The first 6 months of 2010 has seen a total of 309 sales down 13.7% as compared to the first 6 months of 2009.

Wairarapa_property_sales_July_2010

Inventory of houses on the market in June continued to rise as a consequence of the slower sales. The level of inventory reached 115 weeks of equivalent sales. This level of inventory is considerably ahead of the long term average of 75 weeks. This would indicate that the market is favouring buyers at this time.

Wairarapa_inventory_of_properties_for_sale_July_2010

Property prices for the Wairarapa region is included in the broad Wellington regional median property price, in June this price was $405,000 up 8% on June 2009 price.

Wellington_region_property_prices_July_2010

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Wellington – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Wellington Property Market Factsheet

My-Adobe-PDF-Files-iconThe Wellington region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property prices in the Wellington region as measured on a stratified basis fell further in June to $401,100. This is the 4th consecutive month of price fall from $423,675 in February. As compared to a year ago prices are down 1.8%.

Wellington stratified house price Jul 2010

Property sales measured on a seasonally adjusted basis increased by 9.7% from May. There was a total of 490 property sales in the month. In the first half of 2010 a total of 3,137 properties have been sold, down 9.6% on the same period in 2009.

Wellington_property_sales_July_2010

Inventory of houses on the market leveled off in June following the fall in May. The current level of 23 weeks of equivalent sales is close to the long term average in the region of 21 weeks.

Wellington_inventory_of_properties_for_sale_July_2010

In overall terms the property market across Wellington continues to be steady with no significant advantage to either buyers or sellers, although sales volumes remain subdued.

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West Coast – Property Pulse Market factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in West Coast Property Market Factsheet

My-Adobe-PDF-Files-icon

The West Coast district Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property sales on the West Coast enjoyed a significant increase in June rising a seasonally adjusted 72% with sales of 36 properties up from 29 in May. The first half of 2010 has seen sales of 169 as compared to 178 in the same period last year – a fall of 5%.

West Coast property sales July 2010

Inventory of houses though rose again in June despite the upturn in sales. The June inventory of houses on the market equated to 161 weeks of sales, this followed a significant fall in inventory seen in May from a record peak in April. This level of inventory is considerably higher than the long term average of 99 weeks. This would indicate that the market is still firmly favouring buyers.

West coast region inventory July 2010

Property prices for the West Coast are included in the broad Canterbury / West Coast regional median property price, in June this price was $325,000 up 10.2% on June 2009 price.

Canterbury West Coast median house prices July 2010

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Marlborough – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Marlborough Property Market Factsheet

My-Adobe-PDF-Files-iconThe Marlborough region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property sales in the Marlborough region remained steady on a seasonally adjusted basis with a 5.4% increase from May to June. A total of 52 properties were sold in June compared to 67 in June last year. In the first half of 2010 a total of 368 properties were sold down 24.4% on the same period in 2009.

Marlborough property sales July 2010

The level of inventory of houses on the market in June rose following the sharp fall in May. The inventory as measured on the equivalent weeks of sales rose from 67 to 69 weeks. This level of inventory is significantly higher than the long term average of 46 weeks. This would indicate that the market is favouring buyers.

Marlborough inventory of properties for sale July 2010

Property prices for the Marlborough region are included in the broad Nelson / Marlborough regional median property price, in June this price was $347,250 up 4% on the median price in June 2009.

Nelson Marlborough property prices July 2010

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Nelson – Property Market Pulse factsheet – July 2010

Posted on: July 22nd, 2010 | Filed in Nelson Property Market Factsheet

My-Adobe-PDF-Files-iconThe Nelson region Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property sales in the Nelson region took a sharp adjustment in June. Following on from strong sales in past 4 months the seasonally adjusted sales fell 28% in June. There were 98 sales in June compared to 158 in May. The first half of 2010 has seen 796 sales compared to 884 in the same 6 month period of 2009.

Nelson property sales July 2010

Despite the fall off in sales the inventory of properties on the market in June fell again from May. In June the inventory of houses on the market was 26 weeks down from 29 weeks of equivalent sales in May. This level of inventory is now below the long term average of 28 weeks. This would indicate that the market is fairly well balanced with if anything a favourable position for property sellers.

Nelson inventory of properties for sale July 2010

Property prices for the Nelson are included in the broad Nelson / Marlborough regional median property price, in June this price was $347,250 up 4% on June 2009.

Nelson Marlborough property prices July 2010

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Canterbury – Property Pulse Market factbook – July 2010

Posted on: July 22nd, 2010 | Filed in Canterbury Property Market Factsheet

My-Adobe-PDF-Files-iconThe Canterbury Property Market factsheet for July 2010 can be downloaded by clicking this icon.

Property prices based on the stratified pricing model for Christchurch rose in June to $349,595 from $339,530 in May. Compared to June 2009 prices are up 7.8%.

Christchurch stratified house price Jul 2010

Across the Canterbury region property sales remain subdued on a seasonally adjusted basis up just 4.4% from May. There were 674 sales in June as compared to 697 in May. Sales for the first half of 2010 at 4,178 reflect an 18% lower level than the same period on 2009.

Canterbury property sales July 2010

Inventory of houses on the market fell again in June from the May level of 36 weeks of equivalent sales to 35 weeks in June; this figure is close to the long term average in the region of 31 weeks.

Canterbury inventory of property on the market July 2010

In overall terms the property market across the Canterbury region continues to be steady with a slight advantage to buyers, although sales volumes remain subdued.

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