July saw the highest number of residential sales through all Real Estate Agents in Feilding since November 2009. July was 10% up on a long term average, which shows that the sales numbers have been down for some time. In saying that, 2012 to date has been slightly more active than 2010 and 2011.
The median sale price calculated over 3 months is sitting reasonably consistently at around $249,000, but on a monthly basis, the median has bounced around from $288,000 down to $209,000 over the last 12 months.
Palmerston North’s median is $265,000, Levin’s is $177,750, Wanganui’s is $170,000, Rangitikei’s is $165,000, Pahiatua’s is $135,500, New Zealand’s is $368,000, and Eastern Suburbs in Auckland has a median of $852,500!
There is a shortage of property for sale, so now is a good time to list.