Please find the latest in our series of Queenstown property reports. This month we are pleased to share a ‘snapshot’ of sales data for Lake Hayes Estate and adjoining Walnut Grove residential subdivisions

 Residential Sales Analysis: (Report period: January-September 2010).

• Total 13 sales in the report period.  Average 1.4 dwelling sales per-month
• 23% of the sales were 3-bedroom dwellings, 69.5% were 4-bedroom dwellings and 7.5% were 5-bedroom dwellings
• Median sell price 3-bedroom dwellings $519,500.00
• Median sell price 4-bedroom dwellings $580,000.00
• Median sell price 5-bedroom dwelling $595,000.00 (One sale only)
• Median sell price irrespective of bedroom configuration $570,000.00
• 70% sold below the properties registered valuation, 30% sold above registered
• Median number of days from listing the property for sale to securing an unconditional sale was 92-days
• 100% of the sales were concluded by Private Treaty sell method

 Vacant Land Sales Analysis:

• Total 6 land sales
• Median sell price $177,500.00
• Median rate per-sqm $180.00

Locations Queenstown office has a great range of homes for sale at Lake Hayes Estate and the adjoining Walnut Grove subdivision.

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.

We trust you found this update informative and as ever the Locations Realty Sales team would welcome your enquiry to share further context, advice and know how on the Queenstown property market.

Locations – The people who sell real estate ™

 Locations Realty Ltd, MREINZ (REAA 2008)