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Invercargill market report

Below you'll find information on some of the key components of the Invercargill property market, including:

Number of sales – this tells us exactly how many of each type of property (dwellings and sections) have been sold in any given period. This information can be used to help understand whether you’re working in a buyer’s market or a seller’s market. For more information on the advantages and disadvantages of buying and selling in each market, please get in touch

Median sales price – this is the median price across all dwellings or sections sold within the specified period. Sometimes there will be figures which don’t fit a pattern when a large number of lower or higher priced properties have sold within the period, but a trend line can give a general idea of what’s happening with real estate sales prices in your area.

Days to sell – this is a key element to take into account when looking at buying or selling. Shorter days to sell generally means higher buyer activity, and can indicate a sellers’ market. Higher days to sell often means more competition between houses and buyers taking a more relaxed approach to making offers.

Number of sales - 2017

  Dwellings Sections
Jan 77 4
Feb 97 3
Mar 122 10
Apr 79 10
May 122 6
Jun  104 9
Jul 98 0
Aug  103 1
Sep  90 6
Oct     
Nov     
Dec     
  Invercargill number of sales Sep 17

 

Median sale price - 2017

  Dwellings Sections
Jan $220,000 $23,500
Feb $219,000 $18,000
Mar $230,000 $153,500
Apr $222,000 $150,000
May $241,000 $56,000
Jun  $230,000 $118,500
Jul $230,000 $0
Aug  $250,000 $25,000
Sep  $231,250 $55,500
Oct     
Nov     
Dec     
  Invercargill median sale price Sep 17

 

Median days to sell - 2017

  Dwellings Sections
Jan 40 139
Feb 30 161
Mar 31 79
Apr 25 48
May 31 54
Jun  29 189
Jul 28 0
Aug  33 454
Sep  26 91
Oct     
Nov     
Dec     
  INV median days to sell Sep 17

 

Number of sales - annual

Year Dwelling sales Section sales Total
2000 994 12 1006
2001 1500 38 1538
2002 2097 55 2152
2003 2333 94 2427
2004 2206 95 3201
2005 2041 99 2140
2006 2017 87 2104
2007 1992 142 2134
2008 1179 42 1221
2009 1290 44 1334
2010 1034 35 1069
2011 1091 31 1122
2012 1230 41 1271
2013 1119 38 1157
2014 1041 46 1087
2015 1258 46 1304
2016 1526 52 1578
  Invercargill real estate sales 2016