Queenstown property sales year-to-date 2011


Six-months down and six to go for calendar year 2011. In certain sectors of the market people with the wherewithal continue to identify opportunities and they’re comfortable spending. Others engage, inspect then sit on the fence waiting for prices to regress further and as a consequence have no real timeline for purchasing.

Is the choice of property or prices that needs to change?

What needs to change for you to make a move a move and purchase a Queenstown property?

What do you see as your next steps? Give me a call (021 454 417) or flick me an email: steve.l@locations.co.nz

I’m a good listener, and I’d love hear why you haven’t purchased yet.

How have 2011 sales been tracking, read on —–

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

□ Report compares aggregated sales January through June inclusive
2011 v 2010

□ REINZ reported sales. Private sales not included.

Property Type 2011 2010 Variance +/-
Residential Dwellings (RD) 145 sales 132 sales +9.8%
RD Median Sell Price $567,000 $562,000 +0.9%
Apartments
(A)
29 sales 29 sales No change
A
Median Sell Price
$512,500 $430,000 +19.1%
Units (U) 45 sales 45 sales No change
U Median Sell Price $390,000 $365,000 +6.8%
Townhouses
(TH)
13 sales 16 sales -18.75%
TH
Median Sell Price
$433,000 $445,000 -2.6%
Residential Sections (RS) 72 sales 61 sales +18.0%
RS Median Sell Price $267,000 $240,000 +11.25%
Rural
(R)
12 sales 14 sales -14.3%
R
Median Sell Price
$1,410,000 $920,000 +53.2%
Total properties Sales 316 sales 297 sales +6.4%
Total Value ($) of sales $210,693,015 $170,626,173 +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.

 

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 oromissions. You should seek your own independent advice from your legal, taxation and financial consultant prior to purchase.

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