Now if I was a betting man…

March 12th 2014

I would have to say there could be worse things to place your money on, than property.

12-03-2014 Nelson house prices buck trend

And where to buy in New Zealand?

Hmmm….seems a bit “deja vue” around about now?

December 2007

March 2008

July 2008

September 2008

October 2008

10th August (unsure of year)

Anyone spot a trend here?

 

March 12 2014 | Buyers and General and Nelson and New Zealand and retirement and Sellers and Stats / Sales Data and The Market | No Comments »

December 2013 Nelson Property Home Sales Report

Jan 26th, 2014

The Real Estate Institute of NZ said in its headline “Mixed Price Data and Softer Volumes in December Market” when referring to sales data from December 2013 NZ House sales.

Here is their summary points for the last calendar month of 2013.

Dec13 summary

As for the region comment, more specifically, the Institutes local representative reported thus;

Sales volume compared to November rose 2.3% with an 11% increase in Nelson, but falls across the rest of the region.

…The median price trend is now steady, although the volume trend continues to ease. The days to sell trend continues to improve more strongly. The overall trend for the region is now steady.

The Nelson situation was commented on by the REINZs CEO, Helen O’Sullivan, who noted;

“the Nelson/Marlborough region is continuing to see an uplift in the median price and realtively strong volumes compared to the rest of the country. Market activity was stronger in December than November with more listings and a rise in the numbers attending open homes.”

Nelson cities December 2013 chart follows…

Dec13 medians

 

January 26 2014 | Buyers and General and Nelson and New Zealand and Sellers and Stats / Sales Data and The Market | No Comments »

Rental Market Prices in Nelson, New Zealand

Jan 8th, 2014

The latest New Zealand wide market rent statistics covering the period for 1 July 2013 – 31 December 2013 have been released.

01-2014 Stoke - Tahunanui

The first lot of figures above are for the Stoke / Nayland and general Tahunanui zones.

8-01-2014 Hills

Then there are the Tahuna & Port Hills figures above, and lastly….

8-01-2014 Nelson

This lot above represents the general Nelson city area.

If you are curious about what rent is in your area, or if you are looking at purchasing an investment property in another part of NZ unfamiliar to you, you can also check out the latest rental statistics here;

Nelson City zone

New Zealand wide

DATA SOURCE – Ministry of Business, Innovation & Employment NZ

Disclaimer – Re NZ Market Rent Prices

January 08 2014 | Buyers and Nelson and New Zealand and rent and Sellers and Stats / Sales Data and The Market | No Comments »

November 2013 Nelson Property Home Sales Report

Dec 12th, 2013

Pricing in general still appears to be on an upward slope.

2013 chart of past 5 yrs sales

And for the region comment, over to the REINZ local representative…

The median price across the region rose by $34,050 (+10.5%) compared to November 2012 with prices rising by 10% or more in Nelson and Richmond. Compared to October the median price fell by $5,950 (-1.6%) with prices falling in Motueka and Marlborough/Kaikoura, but risingin Richmond and Nelson City.
Sales volume compared to October fell 6.4% with a more than 30% fall in Nelson. Compared to November 2012 sales volumes fell almost18%, with sales falling 18% in Nelson and by almost 30% in Marlborough/Kaikoura. Only Richmond saw an increase in sales compared toNovember 2012.
The number of days to sell eased by six days compared to October, from 28 days in October to 34 days in November. Compared to November2012 the number of days to sell improved by two days. Over the past 10 years the average number of days to sell in November across theregion has been 39 days.

Nelson cities November 2013 chart followes…

Nov 13 chart

December 12 2013 | Buyers and General and Nelson and New Zealand and Sellers and Stats / Sales Data and The Market | No Comments »

August 2013 Nelson Property Home Sales Report

Sept 16th 2013

The Real Estate Institute of New Zealand has just released the Sold figures for the month that was August 2013.

Highlights of the month reported were;

  • 6,548 houses sold in August 2013, up 8.5% on August 2012
  • New median high price in Nelson/Marlborough; Canterbury/Westland back at its median high
  • National Stratified House Price Index has reached a new record high; Auckland House Price Index also hit new high and is up 17.9% over August 2012
  • 1,416 houses sold by auction, representing 21.6% of all sales in August.
  • Market continues to experience significant shortages of listings

REINZ report that Nelson regions data shows;

The median price across the region rose by $36,500 (+11.1%) compared to August 2012 to reach a new all time high. Prices rose more than 20% in Nelson, although eased elsewhere across the region. Compared to July the median price increased by $21,500 (+6.2%) with prices rising in Nelson and Richmond but easing elsewhere.
Sales volume compared to August 2012 was 1% higher with a 50% increase in Richmond, but a 40% fall in Motueka. Compared to July sales volumes fell 5.1% with falls in Nelson City, Motueka and Marlborough/Kaikoura.
The number of days to sell improved by one day compared to July, from 42 days in July to 41 days in August. Compared to August 2012 the number of days to sell improved by five days. Over the past 10 years the average number of days to sell in August across the region has been 44 days.
REINZ Chief Executive, Helen O’Sullivan also noted that “the market remains active with first home buyers moving quickly. Investors have a noticeable presence in the market also meaning that overall activity has been good. Listings remain tight, limiting buyer choice, however, the market could be categorized as something of a sellers market at present.”
REINZ AUG13 NSN
I should mention that although the REINZ CEO states plenty of activity in the first home buyer territory, I can tell you there was equally plenty of activity in the $450 – 600k price range too, a region not usually known for showing the kind of “days to sell” the chart above dictates. Just noticed that the Days to Sell didn’t print for the 5+ category, it was 32 days.
SOURCE – Sales and Prices Rising in August Real Estate Market - 16 Sep 2013

September 16 2013 | Buyers and General and Nelson and New Zealand and Sellers and Stats / Sales Data and The Market | No Comments »

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