Latest Property Sales Data for Queenstown with Year-to-Date Analysis


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

Year-to-date January –November 2013 comparing 2012.DSC_6396-HDR

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%

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s