Nelson Feb 2009 House Sales figures released
And as widely reported, they do show a jump in activity. As Tony Alexander from BNZ has just mentioned in a recent weekly overview, buyer sentiment has improved significantly from surveys carried out late last year.
He also noted their were some “perceptions of shortages” out there and that combined with the lower interest rates was having a stimulatory effect.
QV noted just recently they saw “increased interest in houses in sought after area’s and a return of investors to the market.”
QV’s Blue Hancock was quoted as saying “Quality properties in good locations are attracting much more interest than properties in poorer condition or in less desirable locations.”
Amid further signs, Barfoot & Thompson say the 559 homes they sold in the Auckland market represent an increase of nearly 9% over the previous month, but more importantly they say its the first time in 4 years that Feb sales have been above January figures. Harcourts also chipped in to say they had also noted increased activity.
Specifically regarding our region, Nelson / Marlborough, REINZ reported…
The median price for a Nelson / Marlborough house increased to $323,000 in February (January 2009: $306,000; February 2008: $351,750). 222 houses sold (January 2009: 173; February 2008: 236).
86 houses sold in Nelson City in February (January 2009: 68; February 2008: 86). The median price remained steady at $320,000 (January 2009: $320,000; February 2008: $350,000)
The median price for a Nelson Council zone house increased to $330,000 in February (January 2009: $316,500; February 2008: $355,000). 160 houses sold (January 2009: 114; February 2008: 137).
62 houses sold in Marlborough in February (January 2009: 59; February 2008: 99). The median price rose to $306,000 from $287,500 in January (February 2008: $350,000).
Finishing on a cautious note, the Real Estate Institutes Mr Elford said
“February figures are certainly an improvement on January. However, there is no doubt these are difficult times, so we must be cautious in our optimism. One month’s results do not form a trend”
CHART SOURCE – Real Estate Institute of New Zealand (REINZ)
March 11 2009 | Nelson | No Comments »
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