MONTHLY RESIDENTIAL SALES DATA for Queenstown and Arrowtown - The following data relate to all Real Estate agency transacted urban Residential Sales for the Queenstown and Arrowtown area.
- Residential Sales are Houses, Apartments, Units, Townhouses, Villas and Condos plus Vacant Sites.
- These data exclude all Rural, Lifestyle and Commercial Sales, developer direct and privately transacted Sales.
- These data are recorded in the month of settlement rather than the month of contract.
- (Please Note): The following “month on month” data (particularly Median Sale Prices and Median Number of Days to Sell) can be subject to distortions because of the Queenstown Lakes District’s relatively small data set and also from any deferred sale settlements.
- These data are the most up to date data available. Data are obtained monthly in arrears and are updated and published online at the middle of the following calendar month.
NUMBER OF SALES
Year |  Dwellings
|  Sections
| Total | 1992 | 408 | 281 | 689 | 1993 | 462 | 300 | 762 | 1994 | 461 | 282 | 743 | 1995 | 340 | 121 | 461 | 1996 | 335 | 62 | 397 | 1997 | 315 | 65 | 380 | 1998 | 303 | 47 | 350 | 1999 | 430 | 138 | 568 | 2000 | 414 | 129 | 543 | 2001 | 665 | 231 | 896 | 2002 | 734 | 359 | 1093 | 2003 | 712 | 351 | 1063 | 2004 | 671 | 284 | 955 | 2005 | 735 | 198 | 933 | 2006 | 769 | 158 | 927 | 2007 | 720 | 224 | 944 | 2008 | 465 | 79 | 544 | 2009 | 543 | 136 | 679 |
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Dwellings
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Jan | 48 | 58 | 100 | 67 (64) | 41 (54) | 43 (39) | 26 (43) | Feb | 75 | 73 | 60 | 79 (63) | 39 (51) | 40 (41) | 45 (42) | Mar | 65 | 74 | 54 | 67 (64) | 32 (47) | 44 (41) | 40 (41) | Apr | 55 | 51 | 65 | 86 (71) | 41 (42) | 64 (45) | 47 (41) | May | 50 | 77 | 74 | 62 (71) | 38 (39) | 45 (47) | 23 (37) | Jun | 68 | 61 | 49 | 42 (67) | 39 (38) | 41 (46) | | Jul | 35 | 40 | 50 | 36 (62) | 43 (39) | 35 (45) | | Aug | 64 | 53 | 88 | 55 (58) | 31 (37) | 46 (46) | | Sep | 57 | 53 | 57 | 57 (56) | 41 (39) | 50 (47) | | Oct | 40 | 86 | 48 | 71 (54) | 40 (39) | 45 (44) | | Nov | 65 | 42 | 59 | 55 (53) | 36 (38) | 46 (44) | | Dec | 49 | 67 | 65 | 43 (53) | 44 (39) | 42 (44) | | Total for the year | 671 | 735 | 769 | 720 | 465 | 543 | |
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(Items in brackets show last 6 months average.)
Sections
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Jan | 46 | 18 | 12 | 15 (16) | 9 (13) | 11 (7) | 8 (13) | Feb | 19 | 16 | 17 | 42 (19) | 9 (12) | 13 (9) | 7 (11) | Mar | 17 | 17 | 5 | 22 (20) | 11 (12) | 6 (9) | 9 (10) | Apr | 23 | 17 | 7 | 21 (20) | 8 (12) | 11 (10) | 18 (10) | May | 23 | 12 | 13 | 20 (22) | 3 (9) | 9 (11) | 13 (11) | Jun | 32 | 9 | 11 | 16 (23) | 3 (7) | 10 (10) | | Jul | 14 | 18 | 12 | 17 (23) | 6 (7) | 7 (9) | | Aug | 23 | 24 | 26 | 17 (19) | 1 (5) | 20 (11) | | Sep | 30 | 26 | 12 | 13 (17) | 2 (4) | 14 (12) | | Oct | 24 | 13 | 21 | 9 (15) | 7 (4) | 15 (13) | | Nov | 22 | 9 | 10 | 21 (16) | 5 (4) | 9 (13) | | Dec | 11 | 19 | 12 | 11 (15) | 15 (6) | 11 (13) | | Total for the year | 284 | 198 | 158 | 224 | 79 | 136 | |
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| MEDIAN NUMBER OF DAYS TO SELL Year | Dwellings | Sections | 1992 | 60 | 85 | 1993 | 55 | 83 | 1994 | 46 | 59 | 1995 | 58 | 92 | 1996 | 81 | 164 | 1997 | 87 | 200 | 1998 | 80 | 186 | 1999 | 98 | 120 | 2000 | 74 | 162 | 2001 | 72 | 162 | 2002 | 46 | 83 | 2003 | 44 | 57 | 2004 | 44 | 75 | 2005 | 49 | 67 | 2006 | 72 | 100 | 2007 | 58 | 105 | 2008 | 75 | N/A | 2009 | 57 | 115 |
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Average over the year Dwellings
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Jan | 33 (44) | 37 (47) | 41 (46) | 186 (78) | 42 (49) | 119 (63) | 65 (71) | 67 (49) | Feb | 30 (39) | 42 (41) | 42 (48) | 62 (77) | 62 (49) | 78 (68) | 69 (67) | 63 (50) | Mar | 32 (39) | 29 (37) | 28 (42) | 82 (82) | 56 (47) | 48 (64) | 102 (76) | 56 (51) | Apr | 38 (39) | 30 (34) | 43 (45) | 75 (84) | 45 (49) | 72 (67) | 52 (71) | 45 (51) | May | 47 (36) | 40 (34) | 12 (33) | 57 (83) | 60 (52) | 92 (76) | 59 (71) | 52 (52) | Jun | 47 (38) | 46 (37) | 51 (36) | 68 (88) | 87 (59) | 70 (80) | 47 (66) | | Jul | 51 (41) | 65 (42) | 86 (44) | 86 (72) | 81 (65) | 57 (70) | 64 (65) | | Aug | 78 (49) | 29 (40) | 63 (72) | 63 (72) | 50 (63) | 92 (72) | 60 (64) | | Sep | 52 (52) | 64 (46) | 55 (52) | 67 (69) | 73 (66) | 48 (72) | 51 (56) | | Oct | 53 (55) | 70 (52) | 61 (55) | 31 (62) | 53 (67) | 80 (73) | 44 (54) | | Nov | 36 (53) | 40 (52) | 61 (63) | 45 (60) | 36 (63) | 60 (68) | 43 (52) | | Dec | 27 (50) | 30 (50) | 38 (61) | 44 (56) | 47 (57) | 78 (69) | 31 (49) | | Total for the year | 44 | 44 | 49 | 49 | 58 | 75 | 57 | |
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Sections
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Jan | 58 (81) | 58 (81) | 56 (103) | 91 (88) | 68 (94) | 28 (142) | 46 (N/A) | 256 (128) | Feb | 70 (80) | 70 (80) | 44 (93) | 93 (82) | 35 (60) | 69 (92) | 186 (N/A) | 50 (126) | Mar | 58 (104) | 46 (55) | 44 (73) | 311 (124) | 67 (69) | 63 (96) | 297 (N/A) | 70 (84) | Apr | 164 (106) | 15 (51) | 21 (54) | 37 (133) | 120 (81) | 371 (138) | 41 (116) | 11 (78) | May | 34 (102) | 38 (46) | 57 (42) | 83 (119) | 31 (64) | 106 (148) | 106 (114) | 108 (90) | Jun | 38 (81) | 46 (44) | 50 (45) | 52 (111) | 55 (56) | N/A | 61 (123) | | Jul | 86 (79) | 80 (44) | 93 (52) | 38 (102) | 57 (61) | 280 (178) | 136 (138) | | Aug | 79 (77) | 102 (55) | 126 (65) | 80 (100) | 374 (117) | N/A | 60 (117) | | Sep | 53 (76) | 165 (74) | 62 (68) | 174 (77) | 37 (112) | 114 (N/A) | 327 (122) | | Oct | 88 (63) | 136 (95) | 47 (73) | 44 (79) | 118 (112) | N/A | 42 (122) | | Nov | 158 (84) | 126 (109) | 103 (80) | 136 (87) | 47 (115) | 121 (N/A) | 38 (111) | | Dec | 50 (86) | 31(107) | 96 (88) | 61 (89) | 250 (147) | 7 (N/A) | 45 (108) | | Total for the year | 83 | 75 | 67 | 100 | 105 | N/A | 115 | |
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(Items in brackets show last 6 months average) |
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| MEDIAN SELL PRICE
Year | Dwellings | Sections | 1992 | $135,100 | $48,800 | 1993 | $155,300 | $54,100 | 1994 | $202,500 | $101,600 | 1995 | $220,600 | $112,200 | 1996 | $193,500 | $110,300 | 1997 | $185,600 | $96,300 | 1998 | $186,800 | $107,500 | 1999 | $201,100 | $89,400 | 2000 | $205,600 | $111,500 | 2001 | $231,500 | $99,000 | 2002 | $273,000 | $142,300 | 2003 | $381,000 | $204,800 | 2004 | $447,200 | $215,600 | 2005 | $487,300 | $265,200 | 2006 | $528,000 | $283,500 | 2007 | $542,900 | $294,600 | 2008 | $529,100 | $382,900 | 2009 | $506,500 | $286,700 |
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Average over the year Dwellings
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Jan | $442,500 | $572,500 | $510,000 | $585,000 | $560,000 | $531,250 | Feb | $460,000 | $575,000 | $570,000 | $565,000 | $508,000 | $519,500 | Mar | $482,500 | $503,500 | $491,000 | $502,500 | $535,000 | $513,750 | Apr | $470,000 | $525,000 | $529,500 | $530,000 | $421,250 | $450,000 | May | $420,000 | $510,750 | $550,000 | $540,000 | $500,000 | $570,000 | Jun | $497,000 | $526,250 | $442,500 | $580,000 | $460,000 | | Jul | $432,500 | $509,000 | $592,500 | $586,700 | $530,000 | | Aug | $465,000 | $480,000 | $597,000 | $490,000 | $506,250 | | Sep | $440,000 | $520,000 | $584,000 | $520,000 | $462,000 | | Oct | $509,000 | $509,000 | $614,000 | $500,000 | $555,000 | | Nov | $604,000 | $525,000 | $485,000 | $500,000 | $560,000 | | Dec | $625,000 | $580,000 | $550,000 | $450,500 | $481,000 | |
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Sections | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Jan | $261,300 | $230,000 | $265,000 | $260,000 | $310,000 | $362,500 | Feb | $257,500 | $250,000 | $220,000 | $303,000 | $310,000 | $239,000 | Mar | $210,000 | $241,000 | $225,000 | $240,000 | $281,500 | $320,000 | Apr | $175,000 | $210,000 | $310,000 | $500,000 | $219,000 | $165,000 | May | $247,500 | $297,000 | $240,000 | $330,000 | $350,000 | $180,000 | Jun | $360,000 | $250,000 | $284,500 | $1,100,000 | $265,000 | | Jul | $245,000 | $520,000 | $337,500 | $370,000 | $220,000 | | Aug | $352,500 | $267,500 | $305,000 | $225,000 | $252,500 | | Sep | $293,750 | $235,000 | $359,000 | $267,000 | $402,000 | | Oct | $305,000 | $290,000 | $460,000 | $385,000 | $290,000 | | Nov | $235,000 | $219,000 | $250,000 | $300,000 | $290,000 | | Dec | $240,000 | $392,500 | $279,000 | $315,000 | $250,000 | |
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(Items in brackets show last 6 months average) |
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| TOTAL VALUE OF SALES | Dwellings | Sections | Total | 1992 | $60.6m | $15.9m | $76.5m | 1993 | $77.2m | $22.3m | $99.5m | 1994 | $101.7m | $30.3m | $132.0m | 1995 | $83.1m | $16.6m | $99.7m | 1996 | $72.8m | $8.3m | $81.1m | 1997 | $69.1m | $6.7m | $75.8m | 1998 | $62.6m | $5.6m | $68.2m | 1999 | $100.1m | $16.4m | $116.5m | 2000 | $101.2m | $18.5m | $119.7m | 2001 | $183.8m | $30.4m | $214.2m | 2002 | $235.5m | $70.0m | $305.5m | 2003 | $341.1m | $100.5m | $441.6m | 2004 | $370.2m | $105.6m | $475.8m | 2005 | $424.5m | $75.7m | $500.2m | 2006 | $473.7m | $67.8m | $541.5m | 2007 | $494.7m | $91.0m | $585.7m | 2008 | $310.3m | $38.6m | $348.9m | 2009 | $337.9m | $59.3m | $397.2m |
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- Value by Month (Cumulative - year to date) Dwellings + Sections
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Jan | $38.1m | $67.2m | $43.6m | $35.4m | $33.5m | $17.7m | Feb | $83.4m | $113.2m | $117.6m | $63.2m | $64.1m | $49.1m | Mar | $132.3m | $145.3m | $166.2m | $85.4m | $98.7m | $74.1m | Apr | $165.9m | $186.0m | $227.5m | $112.5m | $139.3m | $104.9m | May | $209.1m | $233.8m | $274.2m | $137.8m | $172.2m | $132.0m | Jun | $251.7m | $267.4m | $304.7m | $169.2m | $196.9m | | Jul | $280.2m | $320.5m | $347.3m | $199.6m | $224.4m | | Aug | $322.6m | $382.7m | $395.5m | $219.3m | $259.8m | | Sep | $363.5m | $417.1m | $443.2m | $245.8m | $293.6m | | Oct | $417.8 m | $451.1m | $505.7m | $281.5m | $332.8m | | Nov | $453.5m | $487.2m | $545.9m | $316.1m | $366.3m | | Dec | $500.2m | $541.5m | $585.7m | $348.9m | $397.2m | |
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| SELLING PRICE DISTRIBUTION This refers to all property types and sales sources. | Under $300,000 | $300,001 - $600,000 | $600,001 - $800,000 | $800,001 - $1,100,000 | $1,000,001 & over | 2000 | 74% | 18% | 3% | 2% | 3% | 2001 | 72% | 20% | 3% | 2% | 3% | 2002 | 61% | 27% | 4% | 3% | 5% | 2003 | 38% | 41% | 7% | 6% | 8% | 2004 | 29% | 46% | 10% | 7% | 8% | 2005 | 24% | 47% | 14% | 7% | 8% | 2006 | 24% | 44% | 13% | 8% | 11% | 2007 | 17% | 46% | 14% | 9% | 14% | 2008 | 18% | 39% | 12% | 9% | 22% | 2009 | 22% | 43% | 12% | 9% | 14% |
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(Figures for the previous calendar year from all sources are at hand in March of each year) |
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