Nelson Jan 2009 Sales – consolidation returning to 2 / 3 bed market

Good to see plenty of signs of consolidation returning to the Nelson 2 & 3 bedroom market.

Bedrooms

1

1.8%

2

25.5%

3

49.1%

4

18.2%

5

5.5%

With those 2 categories having made up nearly 75% of our January Nelson market, it’s a return to old times with investor activity on the rebound.

And why not?

Summit report 98.3% occupancy of rentals under Summit Property Management.

And in what is becoming an increasingly common occurrence of late, Summit Property Management had no “To Rents” advertised in Saturdays just gone Nelson Mail.

With rents in Nelson at a 4 year high, occupancies near on 100% and realistic loan mortgage rates, it’s right to assume for many investors locally “the numbers are stacking up.”

In a week or so the official sales figures will be released from the Real Estate Institute for Jan 2009, so the data will be there in the details I’m sure.