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% |
