June 12th, 2013
The Real Estate Institute of NZ (REINZ) has just released this morning consolidated sales figures for properties sold NZ wide in May 2013.
Nelson City saw its median price creep up to $362,000. (REINZ – $362,250)
It was another busy month too, with 96 dwellings changes hands.
Sections sales were a steady 8 units.
The Auckland market still seems to be powering ahead of the rest of the country as the chart from QV NZ depicts. QV NZ report that Nelson City is up 3.9% in prices over the last 12 months, but only 2.9% overall since the 2007 market peak.
Locally the inventory levels in Nelson City seem to be definitely mirroring what is happen across other parts of the country….
SOURCE: www.realestate.co.nz (NZ Property Report May 2013)
…..and that is, as in Nelsons case above at 23 weeks, reducing. Be aware the above factoid takes into account the Tasman region too, so really is being a bit unfair on Nelson City in that aspect. And the Institutes CEO puts it like this
REINZ Chief Executive, Helen O’Sullivan noted that “both investors and first home buyers are active in the market, and vendors remain well informed about the market. However, the region is seeing an increasing shortage of listings for properties in the $250,000 – $400,000 bracket, the most active part of the market.”
Exactly how it feels out there on the street.
June 12 2013 | Buyers and General and Nelson and New Zealand and Sellers and Stats / Sales Data and The Market | No Comments »
Pray tell are they…
or any one of them worthy of..
…a bigger audience?
Feedback please folks?
June 10 2013 | General and Nelson and New Zealand and photography | No Comments »
May 13th, 2013
The Real Estate Institute of NZ (REINZ) has just released consolidated sales figures for properties sold NZ wide in April 2013.
Although the Nelson/Marlborough region saw a drop in median price to $339, 000 from last months $350,000, part of that could have been attributed to the large amount of new listings coming to market, offering buyers much more choice than usual.
As I mentioned, anecdotally wise, in last months review…
“local conveyancers report (ed) this week that March was busy, and 2 mentioned it still seemed to be the same for the start of April.”
So it was with Nelson recording 105 property sales in April, matching March 2013s number exactly.
In the Institutes regional commentary;
Sales volume compared to April 2012 was 34% higher with an almost doubling of sales in Nelson City and strong increases in Richmond and Motueka. Compared to March sales volumes fell by 14% with sales flat in Nelson City, but falling elsewhere across the region.
The number of days to sell improved by five days compared to March, from 40 days in March to 35 days in April. Compared to April 2012 the number of days to sell improved by eight days. Over the past 10 years the median number of days to sell in April across the region has been 40 days.
In comparision to the above informations, DOM (Days on Market) for Nelson City dropped 2 days as an average from 32 to 30 days.
However the standout takeout from this months charts is that Nelson sold twice as much (105 Vs 55) properties in April 2013 as it did in April 2012.
By itself its an interesting figure, and not too much to worry about….more worrying for home buyers is the headline of Tony Alexanders latest 13th May 2013 BNZ-REINZ Residential Market Survey…
Lots of buyers, fewer vendors.
Many in Real Estate have seen this before.
And that friends, that was the month that was, April 2013.
May 13 2013 | Buyers and Nelson and New Zealand and Sellers and Stats / Sales Data and The Market | No Comments »
comes this photo from my Nelsonians Life blog…
that, …. well frankly, … just deserves a second viewing….
….check it out and the details right there
May 09 2013 | General and Humour and Nelson and New Zealand and retirement | No Comments »
May 6th, 2013
Well, in a nutshell ….. soon.
NZ’s Consumer has always been there to really help Kiwis out in deciding what to spend their hard earned money on…. and it continues….
But I digress. Kiwis are very fortunate that we have a national organisation like Consumer (like Choice in OZ, Consumer Reports in the States, et al…)
Well, one of the side benefits is that even if you don’t subscribe to their most excellent magazine and service, the folks there are still generous enough to provide heart warming reports for free.
And talk about timely?
Here is a question I have heard about a dozen times over the last year. (probably nearly the same for every year before that too!)
Whats best/most economical – leaving the heatpump ** on 24hrs a day / 7 days a week … or only when you need it?
Well those gracious folks in Wellington provide the answers right here, just in time for that cooler weather.
* heatpump is the generic term in NZ given to what in OZ is called an air conditioner/ split system type.
**Eagle eyed readers will note the Consumer Report is from April 2012….but even with advances in Tech over the last year….by my reckoning its still 90% correct.
May 07 2013 | Buyers and General and Nelson and New Zealand and Stats / Sales Data and Technology | No Comments »