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West Coast – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in West Coast Property Market Factsheet

Realestate_DownloadNowThe West Coast region Property Market factsheet for October 2010 can be downloaded by clicking this icon.

Property sales on the West Coast slipped in September on a seasonally adjusted basis by 19% with sales of 37 properties down from 39 in August. Over the first 9 months of 2010 a total of 277 properties have been sold as compared to 278 in the same period in 2009.

West Coast seasonally adjusted property sales - Sep 2010Inventory of houses on the market fell again in September from 127 to 101 as measured on equivalent weeks of sale basis. This level of inventory is now in line with the long term average of 99 weeks. This would indicate that the market is more balanced.

West_Coast_inventory_of_unsold_houses_-_Sep_2010

Property prices for the West Coast are included in the broad Canterbury / West Coast regional median property price, in September this price was $297,500 down 4.5% on September 2009 price.

Canterbury West Coast median house price - Sep 2010

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