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Queenstown Lakes Property Pulse factsheet – April 2011

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

The Queenstown Lakes district region property pulse factsheet for April 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 106 in the month rose significantly on a seasonally adjusted basis in April and were up 6% as compared to a year ago. The inventory of unsold houses on the market at 143 weeks fell to remain well above 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 $479,000 was up 12% as compared to a year ago, and up on the prior month. The asking price expectation of new listings rose by 7% as compared to a year ago at $563,685.

The level of new listings coming onto the market in April at 505 rose significantly as compared to prior month and was up 104% as compared to a year ago.

 

 

Article Discussion

  1. Good to see the Queenstown market is doing well with positive increases all round.

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