The Unconditional Blog

The impartial voice of the industry

 
0

West Coast Property Pulse factsheet – April 2011

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

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

Property sales on the West Coast of the South Island at 31 in the month rose on a seasonally adjusted basis in April and were up 3% as compared to a year ago. The inventory of unsold houses on the market rose to 156 weeks to remain well above the long-term average of 106 weeks of equivalent sales.

Median sales price of properties sold on the West Coast at $170,000 was down a significant 24% as compared to a year ago and down on the prior month. The asking price expectation of new listings though was up a 9% as compared to a year ago at $263,098.

The level of new listings coming onto the market in April at 72 fell as compared to prior month and was down 3% as compared to a year ago.

 

Post your views