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West Coast Property Pulse factsheet – November 2011

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

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

Property sales on the West Coast of the South Island at 45 in the month rose significantly on a seasonally adjusted basis in November and was up 25% as compared to a year ago. The inventory of unsold houses on the market remains stable at 77 weeks, well below the long-term average of 106 weeks of equivalent sales.

Median sales price of properties sold on the West Coast at $198,000 was down just 1% as compared to a year ago and down on the prior month. The asking price expectation of new listings though was up a significant 25% as compared to a year ago at $315,993.

The level of new listings coming onto the market in November at 105 was up slightly as compared to prior month and was down just 1% as compared to a year ago.


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