Hamilton and NZ Larger City Housing Statistics for October 2013

NEW ZEALAND LARGER CITIES

Comments:  Only Dunedin achieved an  increase in sales in October. All other major cities suffered a decrease ranging from -26%  to -1%. Maybe  Graeme Wheeler policies are having an affect.

All Major Cities October 2013

HAMILTON

Comments: I thought it was interesting to note how the ‘booms’ and ‘busts’ in the housing sales market have followed a reasonably consistent pattern since 1995. A high in 1995 dropping in 2000, five years later, to a low. Three years later a high again in 2003.  7 years later  2010, another low and then another trend upwards  followed by a drop in October this year . Maybe we shouldn’t take too much notice of this. With any luck it’s just a hiccup and the upward trend will come back in November and continue on, healthily, in the right direction.

Rise and fall of sales from 1995 to 2013 October 2013

 HAMILTON FOR THE MONTH OF OCTOBER 2013

Comments:  Although there was a steady rise in sales from February through to May the market seems to have settled over the  last few months. October 2013 about 2% down compared with October 2012.

Median sale prices  have increased over the last 12 months showing an increase of nearly 7% in October 2013 over October 2012.

#Sold and Days to Sell October 2013

Median Sale Prices Each Month Over Last Year October 2013

Comment: There has been extensive drop in the number of houses sold in Hamilton from October 2003 to October 2013.  in fact 85 %. The lower number sold the longer it has taken to sell them, in most cases.

The Median Sale price in October 2013 around 50% greater than October 2003.

Sold and Days to sell October 2003 - 2013

Median Sale Prices 2003 - 2013 October

 HAMILTON SUBURBAN BREAKDOWNS

Comment: The number of sales in each suburb are  consistent in that the top  4 keep holding their place. Likewise with median prices.

Suburban Sales October 2013

Suburban Median Prices October 2013

 

 

 

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