Third-Quarter Queenstown Property Sales Update.


Three down and one quarter to go in the calendar year 2011. The sales data shows we’re doing OK at least in comparative terms to 2010.

This said it will be interesting to see if the usual lift of spring sales come to fruition when sales for October are released. The resort was hardly pumping on the back of the global Rugby World Cup event; but what the heck the rugby was fantastic and as the host country we did ourselves proud!

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

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

□ REINZ reported sales. Private sales not included.

Property Type 2011 2010 Variance +/-
Residential Dwellings (RD) 209 sales 178 sales +17.4%
RD Median Sell Price $575,000 $557,500   +3.1%
Apartments (A) 45 sales 56 sales -19.6%
A Median Sell Price $497,000 $428,250 +15.9%
Units (U) 71 sales 67 sales   +5.9%
U Median Sell Price $390,000 $365,000   +6.8%
Townhouses (TH) 20 sales 21 sales    -4.7%
TH Median Sell Price $408,000 $440,000    -7.2%
Residential Sections (RS) 108 sales 86 sales +25.5%
RS Median Sell Price $277,500 $240,000 +15.6%
Rural (R) 18 sales 19 sales    -5.2%
R Median Sell Price $1,572,500 $1,002,500 +56.8%
Total properties Sales 471 sales 427 sales +10.3%
Total Value ($) of sales $300,529,543 $245,911,473 +22.2%

 

 

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