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Wairarapa Property Pulse factsheet – November 2011

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

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

Property sales in the Wairarapa district at 42 in the month showed a fall on a seasonally adjusted basis in November and reflected a significant 24% fall as compared to a year ago. The inventory of unsold houses on the market rose to 100 weeks to remain right in-line with the long-term average of 102 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $220,000 was down 15% as compared to a year ago and continues what has been a steady decline through the year. The asking price expectation of new listings was down 13% as compared to a year ago at $273,623.

The level of new listings coming onto the market in November at 198 was up as compared to October but up just 1% as compared to a year ago.

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