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