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Waikato region Property Pulse factsheet – March 2011

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

The Waikato 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 338 in the month rose on a seasonally adjusted basis in March but fell 3% as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 83 weeks of equivalent sales.

Median sales price for the whole of the Waikato / Bay of Plenty region at $305,000 was down 5% as compared to a year ago and down from the prior 2 months. The asking price expectation of new listings in the Waikato was flat as compared to a year ago at $355,016.

The level of new listings coming onto the market in March at 994 was up from February and up 9% as compared to a year ago.

Article Discussion

  1. Edgar Wilson says:

    Greetings
    Is the Waikato region data is not reflective of Hamilton City – I suspect the overall summary does not provide sufficient detail!

  2. Edgar

    This report is compiled from the data of REINZ and Realestate.co.nz for the wider Waikato region, this includes Hamilton City and Surrounds and stretches down to Taranaki in the South, Central North Island to the South East, Bay of Plenty to the East, Coromandel region to the North East and finally Auckland region to the North.

    There may be variances within the Hamilton City that are not aligned to the total for the region. This regional analysis is as granular as we can go at this time with the data.

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