October 14th, 2010
Expect REINZ (Real Estate Institute of NZ) to officially release New Zealand home sales figures covering the month of September 2010 any day now.
In difference to the last report a month ago when the number of Nelson Real Estate properties for sale on www.realestate.co.nz totaled 352, today sees that figure jump up to 405.
On the street there seems a bit more competition for home buyers than there was a month ago too, so you could say spring has sprung.
Just the one 1 bedroom property transacted in September.
Notable was the volume and “days to sell” for 3 bedroom properties, bit more of a hot spot than it usually is I’d say.
The number of sales per month has been on a steady climb for 4 months now, so it’ll be interesting to see where this heads.
The Section Situation
Just the 5 sections sold this month, although I can report there is some active buying of sections in Nelson’s newer sub-divisions. These section sales figures will bias coming months figures once title has been released and the sections are “officially” sold.
DATA COVERAGE DETAIL
The Nelson region covered by the above data encompasses the following Suburbs: 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
UPDATE 14/10/10 10am
REINZ release official September figures as below;
Across the Nelson/Marlborough district the median price remained at $330,000, the same as the previous month and up from $327,000 in July, but down slightly on the September 2009 median of $337,125. Residential property sales jumped up to 172 last month from 145 in August, but were still down on the 224 sales in September last year.
In Nelson City the median price increased slightly to $331,000 from $330,000 in August (September 2009: $345,000) and sales volume rose from 63 the previous month to 71 in September, though still less than the 83 in the same month last year.
CHART – www.reinz.co.nz