Daily Archives: September 15, 2009

REINZ August 2009 Sales for Nelson

The Real Estate Institute have released the summary figures for the August 2009 period.

Nelson City

Heres how the Institute put it…..

The median price for a Nelson/Marlborough house decreased to $325,000 in August (July 2009: $328,000; August 2008: $328,000). 213 houses sold (July 2009: 228; August 2008: 184).
73 houses sold in Nelson City in August (July 2009: 75; August 2008: 59). The median price dropped to $305,000 (July 2009: $350,000; August 2008: $329,000).
The median price for a Nelson Council zone house was down at $346,250 in August (July 2009: $355,000; August 2008: $336,000). 142 houses sold (July 2009: 135; August 2008: 109).

The time taken to sell has been steady for the last 3 months but is slowly coming down.

I received an email from a reader asking what makes up Nelson City.

Heres the suburb breakdown from REINZ that they use to acummulate the figures.

Suburbs covered: Annesbrook, Atawhai, Bishopdale – Nelson City, Britannia Heights, Bryant Range, Enner Glynn, Hira, Kokorua, Maitai Valley, Maitlands, Marybank, Moana – Nelson, Monaco, Nayland, Nelson Airport, Nelson Central, Nelson East, Nelson South, Ngawhatu, Port Hills, Port Nelson, Saxton, Stoke, Tahunanui, The Brook, The Wood, Victory Square, Wakapuaka, Wakatu, Whangamoa