March Still Strong – Best Start To A Year For 5 Years

The number of sales of houses in Feilding through all Real Estate Agents in March was almost as good as in February, which was the best month since late 2009. March volume was at a long time average number of transactions, and February was ahead of that.

The volume for the first 3 months of 2012 was ahead of the same months in 2008 – 2011. The years 2002 – 2007 were stronger than this year, and this year was exactly the same as in 2001.

The 3 month median sale price is $253,000, which is strong. I feel that it might settle a little lower than this. It compares to Palmerston North at $264,000 and New Zealand at $360,000. Feilding is usually around $110,000 below that of New Zealand and about $30,000 below that of Palmerston North.

Feilding continues to have a much higher median than Levin at $166,000 and Wanganui at $170,000.

Regards, Michael

 

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