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Queenstown Lakes Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Queenstown Lakes Property Market Factsheet

The Queenstown Lakes district region property pulse factsheet for June 2012 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 95 fell significantly on a seasonally adjusted basis in June but was up 13% as compared to a year ago. The inventory of unsold houses on the market at 66 weeks fell from the May figure of 85 weeks, this level remains well below the long-term average of 101 weeks of equivalent sales.

Median sales price of properties sold in the Queenstown Lakes and Central Otago region rose significantly from May at $465,000 was up 7% as compared to a year ago. The asking price expectation of new listings fell 1% as compared to a year ago at $516,056.

The level of new listings coming onto the market in June at 244 was down as compared to prior month and represented a 6% as compared to a year ago.

 

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