The Unconditional Blog

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Property Pulse – July 2012

Posted on: August 22nd, 2012 | Filed in Featured, Property Pulse - Regional Market Report

On a regular basis 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 July covers 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 Region

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 factsheet – July 2012

The national property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the country totaled 5,907 in the month showing a very small fall on a seasonally adjusted basis in July but at the same time representing a 20% increase as compared to a year ago. The inventory of unsold houses on the market rose slightly to 31 weeks reversing what had been a steady decline, the level is though well below the long term average of 40 weeks. This level of unsold properties on the market represents a very clear sellers market..

The stratified median house price for property sales in July was $380,425, which represents a 5% increase from July last year. There was a small fall from June which itself was a new record level for the country. The recent trend continues the steady increase for the past 18 months. The asking price expectation of new listings rose in July to $429,181 as measured on a seasonally adjusted basis, this represents a 4% increase from the asking price in July last year.

The level of new listings coming onto the market in July at 10,685 was down slightly on the June total of 10,794, but up 19% as compared to a year ago.

 

 

 

Article Discussion

  1. Andrew Burns says:

    This has no relevance to the property pulse blog above.

    My friend went to an open home 8 months ago and displayed no interest in the house as it was not suitable at the time, he did however sign in as per normal procedure at an open home. The house did not sell at that time and the vendor took it off the market before deciding to sell the property privately. When it came back on the market 8 months later, my friends circumstances had changed and they were now able to pursue the property and ended up buying it. Unfortunately the purchase price was increased by $9000 to cover the finders fee that the agency was apparently entitled to, due to one visit to an open home 8 months previously. This is a bit on the nose i feel. The original listing agency is displaying leech like behavior and is undeserving of the finders fee in my opinion.

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