Jack’s Point Property Sales Update to August 2018

Total nine REINZ reported sales across Jack’s Point for the month of August (x5 sections / x4 homes).

Jack’s Point Home Sales:

x41 REINZ reported homes sales across Jack’s Point September 2017 – August 2018 median sell price $1,305,000

 Median Price last 12 months 3 bed homes: $1,050,000 (53.6%)

Median Price last 12 months 4 bed homes: $1,416,250,000 (43.9%)

Median Price last 12 months 5 bed homes: $1,375,000 (1 sale/ 2.5%)

Jack’s Point Land Sales:

REINZ Reported lot sales across Jack’s Point September 2017 / August 2018

x46 -sales with median sell price of $453,750 / Median sell price 2018 Y.T.D:  $467,250

Data Source: REINZ. Private & Developer direct 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

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to August 2018.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: Calendar Year to date- January – August 2018 comparing 2017

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan – August 2018 Jan – August 2017 Variance +/-
Residential Dwellings (RD) 275 sales  261 sales    +5.3%
RD Median Sell Price $1,150,000 $1.0m +15.0%
Apartments (A) 79 sales 46 sales +71.7%
A Median Sell Price $529,000 $579,500   -8.7%
Units (U) 77 sales  57 sales  +35.0%
U Median Sell Price $710,000 $695,000  + 2.1%
Townhouses (TH) 33 sales 29 sales +13.7%
TH Median Sell Price $895,652 $900,000   -0.4%
Residential Sections (RS) 109 sales  119 sales    -8.4%
RS Median Sell Price $580,000 $495,652 +17.0%
Rural Dwellings (RD) 11 sales 20 sales -45.0%
RD Median Sell Price $2.0M $2,625,000 -23.8%
Rural Blocks (RB) 25 sales  26 sales    -3.8%
RB Median Sell Price $1,325,000 $1,312,500   -0.9%
Total Sales Numbers 609 sales  558 sales    +9.1%
Value of Sales $ $681,273,466 $634,287,987   +7.4%

January – August 2018 comparing same period Year-to-date 2017:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $922,500. Sales above $1.0m represented 42.6% of all sales.
  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $895,000. Sales above $1.0m represented 38.6% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January – August 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
  $351,000 – $450,000    0.3% 1.9%
  $451,000 – $650,000    2.5% 3.8%
  $651,000 – $999,000  36.0% 44.0%
  $1.0m – $1.999m  46.5% 36.0%
  $2.0m plus  14.7% 14.3%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- August 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$350,000     3.6%   3.3%
  $351,000 – $450,000     3.4%   3.0%
  $451,000 – $650,000  12.0% 11.0%
  $651,000 – $999,000  38.2% 44.0%
  $1.0m –      $1.999m  33.5% 29.3%
  $2.0m plus     9.3%   9.4%

 REINZ Reported sales by price of Residential Sections.

January- August 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$199,000    0.9%   0.8%
  $200,000 – $299,000    4.5% 12.6%
  $300,000 – $499,000  31.1 % 37.0%
  $500,000 – $749,000   39.6% 15.1%
  $750,000 – $999,000     7.4% 19.3%
  $1.0m – $2.0m   16.5% 15.2%

Data Source: REINZ. Private & Developer direct 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.

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to July 2018.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: Calendar Year to date- January – July 2018 comparing 2017

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan – July 2018 Jan – July 2017 Variance +/-
Residential Dwellings (RD) 251 sales  226 sales  +11.0%
RD Median Sell Price $1,175,000 $992,500 +18.3%
Apartments (A) 68 sales 42 sales +61.9%
A Median Sell Price $514,250 $587,500 -12.4%
Units (U) 60 sales  50 sales  +20.0%
U Median Sell Price $710,000 $687,500   +3.2%
Townhouses (TH) 31 sales 25 sales +24.0%
TH Median Sell Price $895,652 $875,000   +2.3%
Residential Sections (RS) 97 sales  101 sales    -3.9%
RS Median Sell Price $580,000 $495,652 +17.0%
Rural Dwellings (RD) 11 sales 18 sales -38.8%
RD Median Sell Price $2.0m $2,625,000 -23.8%
Rural Blocks (RB) 25 sales 24 sales   +4.1%
RB Median Sell Price $1,325,000 $1,290,000   +2.7%
Total Sales Numbers 543 sales  486 sales  +11.7%
Value of Sales $ $599,467,055 $551,228,459   +8.7%

January – July 2018 comparing same period Year-to-date 2017:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $918,500. Sales above $1.0m represented 42.4% of all sales.
  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $890.000. Sales above $1.0m represented 37.3% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January – July 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
  $351,000 – $450,000   0.4%  2.2%
  $451,000 – $650,000   2.4%  3.5%
  $651,000 – $999,000 35.8% 44.7%
  $1.0m – $1.999m 46.2% 36.8%
  $2.0m plus 15.2% 12.8%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- July 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$350,000   3.6%   2.9%
  $351,000 – $450,000   3.9%   3.4%
  $451,000 – $650,000 12.2% 10.8%
  $651,000 – $999,000 37.9% 45.5%
  $1.0m –      $1.999m 32.7% 28.9%
  $2.0m plus   9.7%   8.5%

 REINZ Reported sales by price of Residential Sections.

January- July 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$199,000   1.0%  0.9%
  $200,000 – $299,000   5.0%  8.9%
  $300,000 – $499,000 31.0% 38.7%
  $500,000 – $749,000 41.2% 15.8%
  $750,000 – $999,000   7.3% 19.8%
  $1.0m – $2.0m 14.5% 15.9%

Data Source: REINZ. Private & Developer direct 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.

Jack’s Point Property Sales Update

What’s up at Jack’s Point? Well plenty really if one considers the impressive 15 REINZ reported sales across Jack’s Point in the latest data release for the month of June  (3 home sales and 12 vacant land sales). Interestingly in a recent presentation by property portal Realestate.co.nz they identified that beyond the generic ‘Queenstown’ suburb search ‘Jack’s Point’ was number two and current location focus for buyers and  reflected by the unconditional sales reported last month.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Jack’s Point Home Sale

x36 REINZ reported homes sales across Jack’s Point July 2017 – June 2018 median sell price $1,325,000

  • Median Price last 12 months 3 bed homes $1,130,000 (44.4%)
  • Median Price last 12 months 4 bed homes $1,395,000 (56.25%)
  • Median Price last 12 months 5 bed homes $1,375,000 (1 sale/ 2.9%)

Jack’s Point Land Sales:

x38- REINZ reported lot sales across Jack’s Point July 2017-June 2018 with median sell price of $439,500. Median sell Price 2018 YTD $461,250

Data Source: REINZ. Private & Developer direct 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.

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to June 2018.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: Calendar Year to date- January – June 2018 comparing 2017

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan – June 2018 Jan – June 2017 Variance +/-
Residential Dwellings (RD) 213 sales  196 sales    +8.6 %
RD Median Sell Price $1,200,000 $992,500 +20.9 %
Apartments (A) 61 sales 39 sales  +56.4%
A Median Sell Price $521,099 $590,000  -11.6%
Units (U) 55 sales  48 sales   +14.5%
U Median Sell Price $710,000 $617,500 +14.9 %
Townhouses (TH) 31 sales 22 sales  +40.9%
TH Median Sell Price $895,652 $837,500    +6.9%
Residential Sections (RS) 84 sales  81 sales    +3.7 %
RS Median Sell Price $577,500 $525,000  +10.0%
Rural Dwellings (RD) 10 sales 18 sales  -44.4%
RD Median Sell Price $1,993,500 $2,625,000  -31.6%
Rural Blocks (RB) 17 sales  21 sales -19.0%
RB Median Sell Price $1,300,000 $1,250,000    +4.0%
Total Sales Numbers 472 sales  426 sales   +10.8%
Value of Sales $ $519,428,282 $489,852,759    +6.0%

 

January – June 2018 comparing same period Year-to-date 2017:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse)              $910,000. Sales above $1.0m represented 42.2% of all sales.
  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $880,000. Sales above $1.0m represented 36.3% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

January – June 2018 comparing January – June 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
  $351,000 – $450,000   0.6%    2.0%
  $451,000 – $650,000   2.8%    2.0%
  $651,000 – $999,000 33.8% 46.4%
  $1.0m – $1.999m 47.8% 36.7%
  $2.0m plus 15.0% 12.9%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- June 2018 comparing January – June 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$350,000   3.0%   2.9%
  $351,000 – $450,000   3.8%   3.4%
  $451,000 – $650,000 13.8% 10.5%
  $651,000 – $999,000 36.9% 46.9%
  $1.0m –      $1.999m 32.8% 28.2%
  $2.0m plus   9.4%   8.1%

 

REINZ Reported sales by price of Residential Sections.

January- June 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$199,000   1.1%   1.2%
  $200,000 – $299,000   4.7% 11.1%
  $300,000 – $499,000 32.4% 34.5%
  $500,000 – $749,000 42.8% 12.4%
  $750,000 – $999,000   5.9% 21.0%
  $1.0m – $2.0m 13.1% 19.8%

Data Source: REINZ. Private & Developer direct 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.

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to May 2018.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: Calendar Year to date- January – May 2018 comparing 2017

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan – May 2018 Jan – May 2017 Variance +/-
Residential Dwellings (RD) 182 sales  171 sales    +6.4%
RD Median Sell Price $1,192,500 $1.0m +19.2%
Apartments (A) 55 sales 33 sales +66.6%
A Median Sell Price $521,099 $585,000 -10.9%
Units (U) 48 sales  43 sales  +11.6%
U Median Sell Price $710,000 $700,000   +1.4%
Townhouses (TH) 29 sales 19 sales +52.6%
TH Median Sell Price $895,652 $875,000   +2.3%
Residential Sections (RS) 73 sales  72 sales    +1.3%
RS Median Sell Price $600,000 $512,500 +17.0%
Rural (R) 25 sales 36 sales -30.5%
R Median Sell Price $1,700,000 $1,900,000 -10.5%
Total Sales Numbers 412 sales  374 sales  +10.1%
Value of Sales $ $443,692,283 $433,062,749   +2.4%

January – May 2018 comparing same period Year-to-date 2017:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $905,000. Sales above $1.0m represented 40.7% of all sales.
  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $879,000 Sales above $1.0m represented 36.8% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January – May 2018 comparing January – May 2018

Price Band % of Total Sales 2018 % of Total Sales 2017
  $351,000 – $450,000   0.5%   2.3%
  $451,000 – $650,000   3.2%   2.3%
  $651,000 – $999,000 34.6% 44.8%
  $1.0m – $1.999m 47.8% 37.8%
  $2.0m plus 13.9% 13.0%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- May 2018 comparing January – May 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$350,000   2.5%    3.0%
  $351,000 – $450,000   4.4%   2.6%
  $451,000 – $650,000 14.7% 11.0%
  $651,000 – $999,000 37.4% 46.7%
  $1.0m –      $1.999m 32.6% 28.5%
  $2.0m plus   8.4%   8.2%

 REINZ Reported sales by price of Residential Sections.

January- May 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$199,000   1.3% 1.3%
  $200,000 – $299,000   4.2% 12.5%
  $300,000 – $499,000 26.0% 34.7%
  $500,000 – $749,000 48.0% 11.2%
  $750,000 – $999,000   6.8% 22.3%
  $1.0m – $2.0m 13.7% 18.0%

Data Source: REINZ. Private & Developer direct 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.

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to April 2018.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: Calendar Year to date- January – April 2018 comparing 2017

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan – April 2018 Jan – April 2017 Variance +/-
Residential Dwellings (RD) 141 sales  129 sales    +9.3%
RD Median Sell Price $1,175,000 $1.0m +17.5%
Apartments (A) 33 sales 24 sales +37.5%
A Median Sell Price $590,000 $575,000   +2.6%
Units (U) 30 sales  37 sales  -18.9%
U Median Sell Price $711,250 $695,000   +2.3%
Townhouses (TH) 21 sales 16 sales +31.2%
TH Median Sell Price $950,000 $862,500 +10.1%
Residential Sections (RS) 62 sales  39 sales  +58.9%
RS Median Sell Price $600,000 $610,000   -1.6%
Rural (R) 21 sales 29 sales -27.5%
R Median Sell Price $1,600,000 $1,950,000 -17.9%
Total Sales Numbers 308 sales  274 sales  +12.4%
Value of Sales $ $341,839,755 $324,088,113   +5.4%

January – April 2018 comparing same period Year-to-date 2017:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $950,000. Sales above $1.0m represented 44.4% of all sales.
  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $862,500 Sales above $1.0m represented 36.4% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

January – April 2018 comparing January – April 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
Ø              $450,000  0.10%   3.1%
  $451,000 – $650,000   2.8%   3.1%
  $651,000 – $999,000 36.8% 43.7%
  $1.0m – $1.999m 47.5% 38.3%
  $2.0m plus 12.8% 11.8%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- April 2018 comparing January – April 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
  >                  $450,000   3.5%   6.3%
  $451,000 – $650,000 13.4% 11.2%
   $651,000 – $999,000 38.6% 46.4%
  $1.0m –      $1.999m 36.0% 28.8%
  $2.0m plus   8.5%   7.3%

 REINZ Reported sales by price of Residential Sections.

January- April 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$199,000   1.6% n/a
  $200,000 – $299,000   4.8%   5.1%
  $300,000 – $499,000 17.8% 38.5%
  $500,000 – $749,000 53.2%   7.8%
  $750,000 – $999,000   8.0% 25.6%
  $1.0m – $2.0m 14.6% 23.0%

Data Source: REINZ. Private & Developer direct 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.

 

 

 

 

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to March 2018.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: Calendar Year to date- January – March 2018 comparing 2017

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan – March 2018 Jan – March 2017 Variance +/-
Residential Dwellings (RD) 105 sales  96 sales   +9.3%
RD Median Sell Price $1,175,000 $959,500 +22.4%
Apartments (A) 26 sales 17 sales +52.9%
A Median Sell Price $625,000 $570,000  +9.6%
Units (U) 24 sales  25 sales   -4.0%
U Median Sell Price $711,250 $665,000  +6.9%
Townhouses (TH) 7 sales 16 sales -56.2%
TH Median Sell Price $1.0m $860,000 +16.2%
Residential Sections (RS) 54 sales  32 sales  +68.7%
RS Median Sell Price $600,000 $510,326 +17.5%
Rural (R) 13 sales 23 sales -43.4%
R Median Sell Price $1,825,000 $1,950,000  -6.4%
Total Sales Numbers 229 sales  209 sales   +9.5%
Value of Sales $ $250,590,755 $239,779,913  +4.5%

January – March 2018 comparing same period Year-to-date 2017:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $914,000. Sales above $1.0m represented 43.8% of all sales.
  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $850,000  Sales above $1.0m represented 34.4% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January – March 2018 comparing January – March 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
Ø              $450,000   0.9%   3.1%
  $451,000 – $650,000   3.8%   4.1%
  $651,000 – $999,000 36.1% 45.9%
  $1.0m – $1.999m 47.6% 36.5%
  $2.0m plus 11.6% 10.4%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- March 2018 comparing January – March 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
  >                  $450,000   2.4%   6.5%
  $451,000 – $650,000 16.0% 11.6%
   $651,000 – $999,000 37.1% 47.4%
  $1.0m –      $1.999m 36.5% 28.0%
  $2.0m plus   8.0%   6.5%

 REINZ Reported sales by price of Residential Sections.

January- March 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$199,000   1.8% n/a
  $200,000 – $299,000   5.5%   6.2%
  $300,000 – $499,000 18.5% 43.7%
  $500,000 – $749,000 53.8%   9.4%
  $750,000 – $999,000   5.6% 25.0%
  $1.0m – $2.0m 14.8% 15.7%

 Data Source: REINZ. Private & Developer direct 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.

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to Feb 2018.

Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: Calendar Year to date- January & February 2018 comparing 2017

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan & Feb 2018 Jan & Feb 2017 Variance +/-
Residential Dwellings (RD) 75 sales  54 sales  +38.8%
RD Median Sell Price $1,185,000 $885,000 +33.9%
Apartments (A) 13 sales 8 sales +62.5%
A Median Sell Price $660,000 $382,000 +72.7%
Units (U) 18 sales  17 sales  +5.8%
U Median Sell Price $711,750 $635,000 +12.0%
Townhouses (TH) 4 sales 11 sales -63.6%
TH Median Sell Price $895,000 $850,000 +5.2%
Residential Sections (RS) 41 sales  17 sales  +141.1%
RS Median Sell Price $605,000 $525,000 +15.2%
Rural (R) 9 sales 11 sales -18.1%
R Median Sell Price $2,141,250 $1,625,000 +31.7%
Total Sales Numbers 160 sales  118 sales  +35.5%
Value of Sales $ $186,719,705 $123,126,017 +51.6%

January & February 2017 comparing same period Year-to-date 2016:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $985,000. Sales above $1.0m represented 47.7% of all sales.
  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $805,000. Sales above $1.0m represented 28% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January & February 2018 comparing January & February 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
Ø              $450,000 n/a  3.7%
  $451,000 – $650,000  2.6%  1.8%
  $651,000 – $999,000 37.5% 53.7%
  $1.0m – $1.999m 46.6% 31.4%
  $2.0m plus 13.3%  9.4%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January & February 2018 comparing January & February 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
  >                  $450,000 1.0%  8.8%
  $451,000 – $650,000 13.6% 12.2%
   $651,000 – $999,000 38.1% 50.0%
  $1.0m –      $1.999m 37.3% 23.5%
  $2.0m plus 10.0%  5.5%

Data Source: REINZ. Private & Developer direct 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.

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