Latest Queenstown Area Property Sales Year-to-Date 2013.


Spacious 4-bedroom family home for sale-37 Sylvan Street, Lake Hayes Estate

Spacious 4-bedroom family home for sale-37 Sylvan Street, Lake Hayes Estate

The first-quarter will be noted for home buyers making their move with sales surging in the $450,000-$650,000 price band which was off-set by a marginal easing of sales in the $350k-$450K price bracket in first three months of 2013.

Standalone kiwi homes sales increased 36.5% in the first-quarter recording 109 sales up from 80 sales in 2012 whilst the volume of sales of units, townhouses and apartments has regressed. This slippage has been somewhat tempered with firming median sell prices for units increasing 17.9% and townhouses 19.2% while apartments declined by 16%.

The pace of residential section sales eased in March (15 sales) however year-to-date there’s been a 72% lift in land sales across the first quarter of 2013 comparing 2012. Building contractors and group home builders are in demand reflected by recruitment adverts seeking skilled trade staff. The geo-location of sales was extremely broad by suburb and areas and at least for one month not dominated by Jack’s Point, Lake Hayes Estate lot sales as has been the trend for an extended period.

Our office reports owner occupiers and those searching for just the right holiday property currently dominating our buyer profile. If attendance at last week’s Locations First Home Buyer Seminar is an indicator there’s most definitely plenty of pent up demand as home seekers backed by pre-approved finance have us plenty busy securing just the right property and brokering the sale.

REINZ Reported sales by price of Queenstown Homes, Units and Townhouses.

Year-to-date January –March 2013 comparing 2012.

Price Band % of Total Sales 2013 % of Total Sales 2012
<$350,000   9.3% 24.5%
  $351,000 – $450,000 15.8% 21.1%
  $451,000 – $650,000 46.8% 28.8%
  $651,000 – $999,000 16.6% 14.5%
  $1.0m – $2.0m   8.7%   8.5%
  $2.0m plus   2.8%   2.6%

Queenstown Area Sales by Property Type Year-to-date

Report Period: January – March 2013 comparing 2012.

□ Report compares aggregated sales for the calendar year 2013 v 2012

□ REINZ reported sales. Private / Developer direct sales not included.

Property Type Jan-Mar 2013 Jan-Mar 2012 Variance +/-
Residential Dwellings (RD) 109 sales 80 sales +36.25%
RD Median Sell Price $578,000 $602,500     -4.0%
Apartments (A) 17 sales 23 sales -26.0%
A Median Sell Price $365,000 $435,000 -16.0%
Units (U) 24 sales 27 sales -11.1%
U Median Sell Price $377,500 $320,000 +17.9%
Townhouses (TH) 6 sales 12 sales -50.0%
TH Median Sell Price $457,500 $383,700 +19.2%
Residential Sections (RS) 50 sales 29 sales +72.4%
RS Median Sell Price $240,000 $277,500 -13.5%
Rural (R) 6 sales 8 sales -25.0%
R Median Sell Price $670,000 $1,050,000 -36.1%
Total properties Sales 212 sales 180 sales +17.7%
Total Value ($) of sales $125,568,107 $112,016,856 +12.1%

Queenstown Area Sales by Property Type Year-to-date

QUEENSTOWN AREA PROPERTY SALES: March 2013 v March 2012

Note: Data represents sales reported by REINZ agencies. Private sales not included.

Type Mar 2013 Feb 2013 Mar 2012
Number of sales Residential Dwellings 40 46 29
Apartments 10   4   9
Units 10   7   7
Townhouses   1   4   4
Sections / Vacant 15 22 12
Rural Lifestyle   3   1   2
TOTAL 79 84 63
Value of sales ($) Dwellings(Excludes Apartments) $35,913,150 $34,439,650 $23,202,940
Apartments $4,593,000 $1,472,000 $3,509,000
Sections / Vacant $5,670,050 $12,497,800 $3,937,000
Rural Lifestyle $2,367,000 $640,000 (1) $2,850,000
TOTAL $48,543,200 $49,049,450 $33,498,940
Median Sell Price Dwellings all types $546,000 $540,000 $445,000
Apartments $332,500 $295,000 $412,500
Residential Dwellings $595,000 $558,000 $551,250
Units $295,000 $475,000 $380,000
Townhouses $495,000 (1) $510,000 $383,270
Sections / Vacant $275,000 $262,500 $230,000
Rural Lifestyle $900,000 $640,000 (1) $1,425,000
Median days to Sell Dwellings all types(Includes apartments) 43-days 34-days 66-days
Residential Sections 124-days 158-days 122-days. 

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.

Our customers that purchased where do they come from?

Snapshot of the past 12 months April 2012–March 2013

Locations customers-Local 55.0%
Locations customers-Regional 13.75%
Locations customers National 15.25%
Locations customers-International 16.0%

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