New Zealand Realtors Group registers improving sales comparing August 2010.
Locations Realty is a member of NZ Realtors Network Ltd, the largest collective of leading, independent real estate agencies operating throughout New Zealand.
August 2011 sales of residential property reveal that the NZ Realtors Group collectively sold 1314 residential properties nationwide for a combined value of $569,298,038. These figures represent a small increase of 33 sales over July 2011, and a healthy 23.7% increase in sales over August 2010. As a percentage of national sales, the NZ Realtors group transacted 25% of New Zealand’s 5192 residential sales in August. The group also reported strong demand for farm and lifestyle sales, with 60 sales transacted throughout New Zealand.
QUEENSTOWN AREA PROPERTY SALES – AUGUST 2011
Note: Data represents sales reported by REINZ agencies. Private sales not included.
|
| Type | August 2011 | July 2011 | August 2010 |
| Number of sales | Residential Dwellings | 22 | 16 | 15 |
|
| Apartments | 6 | 6 | 8 |
|
| Units | 13 | 10 | 5 |
|
| Townhouses | 3 |
| 2 |
|
| Sections / Vacant | 10 | 14 | 5 |
|
| Rural Lifestyle | 3 |
| 1 |
|
| TOTAL | 57 | 46 | 36 |
| Value of sales ($) | Dwellings (Excludes Apartments) | $20,379,395 | $14,073,933 | $12,981,000 |
|
| Apartments | $2,415,500 | $4,887,000 | $3,712,700 |
|
| Sections / Vacant | $3,948,000 | $5,687,000 | $2,970,000 |
|
| Rural Lifestyle | $5,630,000 |
| $1,002,500 |
|
| TOTAL | $32,372,895 | $24,647,933 | $20,666,200 |
| Median Sell Price | Dwellings all types | $495,000 | $492,500 | $515,000 |
|
| Apartments | $442,500 | $681,000 | $515,000 |
|
| Residential Dwellings | $567,500 | $565,000 | $585,000 |
|
| Units | $415,000 | $397,716 | $500,000 |
|
| Townhouses | $604,000 |
| $412,500 |
|
| Sections / Vacant | $222,500 | $290,000 | $450,000 |
|
| Rural Lifestyle | $1,550,000 |
| $1,002,500 (1) |
| Median days to Sell | Dwellings all types (Includes apartments) | 74-days | 32-days | 52-days |
|
| Residential Sections | 149-days | 136-days | 109-days |
Our customers that purchased; where did they come from?
Snapshot for the 12-month’s September 2010 – August 2011
| Locations customers- Local | 52.0% |
| Locations customers- Regional | 16.0% |
| Locations customers- National | 8.5% |
| Locations customers- International | 23.5% |
Data Source: REINZ. Private sales data not included.
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.
