Market Trends

Latest Property Sales Data Queenstown (August 2011)

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.