REINZ released the sales figures for homes sold in July 2013 in NZ today, and at the same time, obviously that included Nelson City.
They say the local median is NZD$345,500 and by my calc’s I reckon $345,000, but hey….what’s $500 between friends?
The chart tells you whats happening…and I can tell you from an “on the ground perspective” ….. all of a sudden, it seems to have got “real busy.” But that won’t matter if you aren’t in the market anyway. So if you are …just call.
One point of note was the 2 bedroom market, the group showing just 19 days on the market. Our steady 3 bedroom market was not too far behind it, with a healthy 28 days which was just short of the 29 days overall median for all property sold in the catchment over the November 2012 period.
Three bedroom family homes really took the lionâ€™s share of Novembers sales, and that is whatâ€™s currently being seen at the coal face, a lack of new properties coming to market in this category.
REINZ Chief Executive Helen O’Sullivan pretty much summed it up when she commented that, “the Nelson/Marlborough region remains relatively constrained with a continued shortage of listings and rising demand for properties, although this is not yet being fully reflected in sale prices.”
REINZ Regional Data for November 2012
…like always click on each image for a more readable higher resolution version.