Market Trends

Queenstown Property Sales- July 2010.

 

Type

July- 2010

June- 2010

July- 2009

Number of Sales

Dwellings (Excluding Apartments)

17

35

28

 

Apartments

 7

 8

  7

 

Sections / Vacant

 9

 5

  7

 

Residential Invest Block

 

 

 

 

Rural Lifestyle Block

2

 5

  3

 

Total

35

53

45

Value of Sales ($)

Dwellings (Excluding Apartments)

$9,312,000

$18,793,500

$18,660,000

 

Apartments

$3,202,000

$4,389,250

$4,067,000

 

Sections / Vacant

$2,308,000

$1,159,200

$4,750,000

 

Residential Invest Block

 

 

 

 

Rural Lifestyle Block

$3,335,000

$3,289,500

$2,820,000

 

Total

$18,157,000

$27,640,450

$30,297,000

 

 

 

 

 

Median Sell Price

Dwellings all types

$436,000

$500,000

$530,000

 

Apartments

$350,000

$593,750

$450,000

 

Residential dwellings

$505,000

$590,000

$538,000

 

Units

$350,000

$213,750

$270,000

 

Townhouse (1)

$1,250,000

$374,500

$570,000

 

Sections / Vacant

$185,000

$205,000

$220,000

 

Residential Invest Block

 

 

 

 

Rural Lifestyle Block

$1,550,117

$712,000

$600,000

Median Days to Sell

Dwellings all types (Including Apartments)

80-days. (Data incomplete)

134-days

64-days

 

Residential Sections / Vacant

120-days. (Data incomplete)

49-days

136-days

 

 

Breakdown of sales July 2010 (Total 35)

Property Type

Sales July  2010

% of total sales

Residential

13

37.1%

Townhouse

 1

 2.8%

Unit

 3

 8.5%

Apartment

 7

20.0%

Vacant Land

 9

25.8%

Rural Lifestyle Block

 2

 5.8%

 

 

Analysis of Sell Price: (Residential Dwellings only). Total 13 sales

<$499,000.00 (6-sales)

46.0% of all sales

$500,000 >$749,000 (5-sales)

38.5% of all sales

$750,000 >$1m (2-sales)

15.5% of all sales

 

 
Data Source: REINZ. 
Disclaimer:
While every effort has been made to ensure the information contained herewith is true, no responsibility will be taken for errors or omissions. You should seek your own independent advice from your legal, taxation and financial consultant prior to purchase.