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

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

Price Band	% of Total Sales 2013	% of Total Sales 2012
<$350,000	12.1%	16.7%
$351,000 – $450,000	16.8%	20.9%
$451,000 – $650,000	37.9%	31.3%
$651,000 – $999,000	23.0%	17.9%
$1.0m – $2.0m	7.3%	9.5%
$2.0m plus	2.9%	3.7%

 Queenstown Area Sales by Property Type Year-to-date

Report Period: January–November 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-Nov 2013	Jan-Nov 2012	Variance +/-
Residential Dwellings (RD)	336 sales	313 sales	+7.3%
RD Median Sell Price	$613,750	$600,000	+2.2%
Apartments (A)	75 sales	93 sales	-19.3%
A Median Sell Price	$419,000	$405,000	+3.4%
Units (U)	97 sales	92 sales	+5.4%
U Median Sell Price	$385,000	$336,500	+14.4%
Townhouses (TH)	37 sales	30 sales	+23.3%
TH Median Sell Price	$420,000	$412,000	+1.9%
Residential Sections (RS)	156 sales	135 sales	+15.5%
RS Median Sell Price	$252,500	$239,000	+5.6%
Rural (R)	34 sales	25 sales	+36.0%
R Median Sell Price	$800,000	$850,000	-5.8%
Total properties Sales	735 sales	688 sales	+6.8%
Total Value ($) of sales	$439,499,670	$410,229,916	+7.1%

 Queenstown Area Sales by Property Type Year-to-date

QUEENSTOWN AREA PROPERTY SALES: November 2013 v November 2012

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

	Type	Nov 2013	Oct 2013	Nov 2012
Number of sales	Residential Dwellings	27	32	39
	Apartments	6	7	9
	Units	5	7	11
	Townhouses	2	6	1
	Sections / Vacant	13	16	17
	Rural Lifestyle	6	4
	TOTAL	59	72	77
Value of sales ($)	Dwellings (Excludes Apartments)	$29,567,927	$30,804,750	$28,247,500
	Apartments	$3,070,000	$3,484,000	$4,021,000
	Sections / Vacant	$6,222,500	$5,411,400	$5,626,000
	Rural Lifestyle	$8,290,000	$3,730,000
	TOTAL	$47,150,427	$43,430,150	$38,894,500
Median Sell Price	Dwellings all types	$642,500	$575,000	$476,500
	Apartments	$617,500	$460,000	$435,000
	Residential Dwellings	$677,000	$642,500	$580,000
	Units	$669,000	$366,000	$335,000
	Townhouses	$548,000	$371,000	$511,000 (1)
	Sections / Vacant	$331,000	$347,000	$225,000
	Rural Lifestyle	$1,000,000	$652,500
Median days to Sell	Dwellings all types (Includes apartments)	43-days	48-days	37-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.

Central Otago Lakes Region Trends (Residential Dwellings all types).

                                  Median Price                                           Volume Sold

	Nov-13         Oct- 13		Nov-12	Nov-13	Oct-13	Nov-12
Central	425,000	425,000	335,000	77	59	64
Queenstown	642,500	575,000	476,500	40	52	60
Overall Market-Central Otago Lakes District	490,000	485,673	425,000	77	110	124

 

REINZ—“ Sales volume for the Central Otago Lakes Region increased by 6.4% compared to October, with sales rising 31% in Central but falling by 22% in Queenstown.  Compared to November 2012 sales fell 5.6%, with sales falling by a third in Queenstown but rising by more than 20% in Central.

The median price across the region increased by $65,000 (+15.3%) compared to November 2012, with prices rising by almost 35% in Queenstown. Compared to October prices rose by $4,327 (+0.9%) with prices steady in Central but rising by almost 12% in Queenstown.

The number of days to sell was steady at 49 days compared to October. Compared to November 2012 the number of days to sell eased by one day. Over the past 10 years the median number of days to sell during November has averaged 46 days.

REINZ Chief Executive, Helen O’Sullivan commented that “agents report that there are definitely fewer first home buyers in the market, and while there is good interest from investors they are quite firm on value. Across the rest of the market there appears to be good buyer interest.”

The median price trend is now improving, with the days to sell trend remaining steady. The volume trend continues to ease. Overall the trend for the region remains steady.”

Our purchaser clients—where do they come from?

Snapshot of the past 12 months December 2012–November 2013

Locations customers-Local	55%
Locations customers-Regional	14%
Locations customers National	16%
Locations customers-International	15%