It appears that the second half of the 2011 year is a continuum of the first with the Queenstown area reporting 46 property sales for July.
The usual spike ofwalk-in enquiry was somewhat defused with the New Zealand School holidays pushed back in July (Accommodate RWC 2011) and not overlapping as in past years with Australian school holiday-makers.
This said there was a positive lift in sales volume and value July comparing 2010. Key take-outs include an increased median sell price of apartments as a consequence of three sales ranging $840,000 through $1.450m.
The St Andrews Park residential subdivision recorded a solid 8-sales ranging $245,000 through $295,000. Sales at the plus $1.m threshold totaled six for the month.
QUEENSTOWN AREA PROPERTY SALES – July 2011
Data represents sales reported by REINZ agencies. Private sales not included.
| Type | July 2011 |
|
| Number of sales |
Residential Dwellings | 16 |
| Apartments | 6 | |
| Units | 10 | |
| Townhouses | ||
| Sections / Vacant | 14 | |
| Rural Lifestyle | ||
| TOTAL | 46 | |
| Value of sales ($) |
Dwellings(Excludes Apartments) | $14,073,933 |
| Apartments | $4,887,000 | |
| Sections / Vacant | $5,687,000 | |
| Rural Lifestyle | ||
| TOTAL | $24,647,933 | |
| Median Sell Price |
Dwellings all types | $492,500 |
| Apartments | $681,000 | |
| Residential Dwellings | $565,000 | |
| Units | $397,716 | |
| Townhouses | ||
| Sections / Vacant | $290,000 | |
| Rural Lifestyle | ||
| Median days to Sell | Dwellings all types(Includes apartments) | 32-days |
| Residential Sections | 136-days |
With stocks declining in the US and Europe, a steady-as-you-go Queenstown property market is not half bad.
“Trends, like horses, are easier to ride in the direction they are going”. Source: John Naisbitt
Queenstown Area Sales by Property Type Year-To-Date 2011 comparing 2010.
□ Report compares aggregated sales January through July inclusive 2011 v 2010. REINZ reported sales; private sales not included.
| Property Type | 2011 | 2010 | Variance +/- |
| Residential Dwellings (RD) | 161 sales | 145 sales | +11.03% |
| RD Median Sell Price | $567,000 | $555,000 | + 2.16% |
| Apartments (A) | 35 sales | 36 sales | – 2.78% |
| A Median Sell Price | $512,500 | $415,000 | +23.49% |
| Units (U) | 55 sales | 48 sales | +14.58% |
| U Median Sell Price | $390,000 | $365,000 | + 6.85% |
| Townhouses (TH) | 13 sales | 17 sales | – 23.53% |
| TH Median Sell Price | $433,000 | $450,000 | -3.78% |
| Residential Sections (RS) | 86 sales | 70 sales | +22.86% |
| RS Median Sell Price | $275,000 | $234,000 | +17.52% |
| Rural (R) | 12 sales | 16 sales | -25.00% |
| R Median Sell Price | $1,410,000 | $1,072,500 | +31.47% |
| Total properties Sales | 362 sales | 332 sales | +9.04% |
| Total Value ($) of sales | $235,341,848 | $190,898,273 | +23.28% |
