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Wairarapa Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Wairarapa Property Market Factsheet

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

Property sales in the Wairarapa district at 57 in the month showed a significant rise on a seasonally adjusted basis in April and recorded a 6% rise as compared to a year ago. The inventory of unsold houses on the market rose sharply to 166 weeks to remain well above the long-term average of 87 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $216,000 was down 17% as compared to a year ago and down from the prior month. The asking price expectation of new listings was up 8% as compared to a year ago at $278,875.

The level of new listings coming onto the market in April at 154 was down as compared to March and down a significant 18% as compared to a year ago.

 

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