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hoamz Ltd.10 Athol St / PO Box 1574
Queenstown
9300
hoamz Ltd, Licensed Real Estate Agent (REAA 2008)
Tel: +64 3 441 8858 • Fax: +64 3 441 8857
Content taken from http://www.hoamz.co.nz/news-market-news/queenstown/
© 2010 hoamz.co.nz
call +64 3 441 8858 or click here to contact us
Queenstown property market news
Source: www.queenstownproperty.com
January 2010
- There was a total of 3,666 residential Housing sales throughout New Zealand during January 2010 compared with 3,706 in January 2009 and 4,957 sales in December 2009. The January ten year average for the Number of Sales is 6,163. It took an average of 43 days to sell a dwelling in January 2010 compared with 59 days in January 2009 and 33 in December 2009. The January five and ten year averages for the Median Number of Days to Sell are 45 and 45 respectively. The national Median Sale Price in January 2010 was $350,000 compared with $325,000 in January 2009 and $360,000 in December 2009.
- During the past six months there has been a total of 33,112 sales. This compares with 25,475 for the same period last year and 37,762 for the previous year. During the past twelve months there has been a total of 69,589 sales. This compares with 54,591 for the same period last year and 89,721 for the previous year.
- During the past six months the median number of Days to Sell has averaged 35, compared to 50 for the same period last year and 37 for the previous year. During the past twelve months the median number of Days to Sell has averaged 40, compared to 50 for the same period last year and 33 for the previous year.
Take a look at the charts below for a clear visual representation:
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The above data relate to all Real Estate agency transacted Urban Residential Housing Sales for the whole of New Zealand.
Residential Housing Sales are Houses, Apartments, Units, Townhouses, Villas and Condos.
These data exclude all developer direct and privately transacted Sales.
These data are recorded in the month of settlement rather than the month of contract.
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.
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
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MEDIAN NUMBER OF DAYS TO SELL
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MEDIAN SELL PRICE
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TOTAL VALUE OF SALES
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SELLING PRICE DISTRIBUTION
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Source: www.queenstownproperty.com
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