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Taranaki Property Pulse factsheet – October 2011

Posted on: November 29th, 2011 | Filed in Taranaki Property Market Factsheet

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

Property sales across the Taranaki region at 134 in the month rose on a seasonally adjusted basis in October and were up 20% as compared to a year ago. The inventory of unsold houses on the market rose to 38 weeks taking it to well above the long-term average of 25 weeks of equivalent sales.

Median sales price of property sold in the Taranaki region at $290,500 was up 2% compared to a year ago and up significantly from the prior month. The asking price expectation of new listings was down slightly by 4% as compared to a year ago at $310,941.

The level of new listings coming onto the market in October at 226 was down from the prior month and down 9% as compared to a year ago.

 

Article Discussion

  1. Fiona Audain says:

    We have got our house and our Pizza & Roast Dinner business on the market and we have only had ridiculous offers on the business and one offer on our house which we didn’t proceed with.

    Any ideas as to how we can move forward with the sale of these would be gratefully received. We live and work in Stratford but need to move somewhere warmer due to my husbands health.

    Your statistics don’t give me much confidence to be honest as our house has been on the market since May 2011.

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