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Queenstown Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Queenstown Lakes Property Market Factsheet

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

Property sales across the Queenstown Lake and Central Otago region at 94 in the month fell on a seasonally adjusted basis in May but were up a significant 40% as compared to a year ago. The inventory of unsold houses on the market at 107 weeks fell to edge closer to 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 $402,000 was down 7% as compared to a year ago, and down significantly on the prior month. The asking price expectation of new listings remained unchanged as compared to a year ago at $525,073.

The level of new listings coming onto the market in May at 259 rose fell significantly as compared to prior month and was up slightly by 2% as compared to a year ago.


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