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Queenstown Lakes – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Queenstown Lakes Property Market Factsheet

The Queenstown Lakes district region property pulse factsheet for March 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales at 84 in the month fell on a seasonally adjusted basis in March and were up just 1% as compared to a year ago. The inventory of unsold houses rose to remain well above the long-term average at 151 weeks of equivalent sales.

Median sales price at $442,500 was up 1% as compared to a year ago, and up slightly on the prior month. The asking price expectation of new listings was unchanged as compared to a year ago at $578,071.

The level of new listings coming onto the market in March at 262 rose as compared to February but was down a significant 25% as compared to a year ago.

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