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West Coast – Property Pulse factsheet – March 2011

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

The West Coast district 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 31 in the month fell on a seasonally adjusted basis in March and were also down 3% as compared to a year ago. The inventory of unsold houses rose to remain above the long-term average at 128 weeks of equivalent sales.

Median sales price at $209,000 was down 5% as compared to a year ago, but up significantly on the prior month. The asking price expectation of new listings was also up a significant 12% as compared to a year ago at $267,353.

The level of new listings coming onto the market in March at 103 rose as compared to February and was down 18% as compared to a year ago.

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