You can’t tell which way the train went by looking at the track.


This said; by tracking the data could well indicate where we’re heading and the journey appears to the same as in 2010 comparing property sales in the Queenstown area year-to-date 2011.

The market is moving along albeit not at any great clip. Queenstown realtors aren’t laying down on the track and are out there everyday bringing buyers and sellers together.

There are no forks in the track to report as yet.

 

Queenstown Area Sales by Property Type Year-To-Date 2011 comparing 2010

 

□ Report compares aggregated sales January & February 2011 v 2010

□ REINZ reported sales. Private sales not included.

Property Type 2011 2010 Variance +/-
Residential Dwellings (RD) 39 sales 48 sales -18.75%
RD Median Sell Price $599,000 $545,000 +9.9%
Apartments (A) 7 sales 8 sales -12.5%
A Median Sell Price $495,000 $487,500 +1.5%
Units (U) 18 sales 13 sales +38.5%
U Median Sell Price $350,000 $452,000 -22.5%
Townhouses (TH) 4 sales 2 sales +100%
TH Median Sell Price $588,500 $470,000 +25.25%
Residential Sections (RS) 19 sales 15 sales +26.7%
RS Median Sell Price $395,000 $285,000 +38.5%
Rural (R) 2 sales  4 sales -50%
R Median Sell Price $1,090,000 $1,075,000 +1.4%
Total sales year-to-date 89 sales 90 sales -1.2%
Value ($) of sales year-to-date $55,399,389 $55,104,000 +0.5%

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