Desktop overview -Queenstown Real Estate Sales Year-to-Date


REINZ Reported sales by price of Queenstown Residential Homes

Year-to-date January – April 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 4.1% 4.9%
$351,000 – $450,000 4.1% 11.3%
$451,000 – $650,000 41.7% 47.5%
$651,000 – $999,000 25.8% 20.9%
$1.0m – $2.0m 17.7% 10.5%
$2.0m plus 6.6% 4.9%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

Year-to-date January – April 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 13.3% 14.9%
$351,000 – $450,000 14.3% 18.3%
$451,000 – $650,000 33.4% 37.8%
$651,000 – $999,000 23.1% 16.8%
$1.0m – $1.999m 11.7% 8.8%
$2.0m plus 4.2% 3.4%

 

REINZ Reported sales by price of Residential Sections.

Year-to-date January – April 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$199,000 33.7% 17.5%
$200,000 – $299,000 19.1% 38.0%
$300,000 – $499,000 15.7% 15.9%
$500,000 – $749,000 21.4% 12.7%
$750,000 – $999,000 6.8% 4.8%
$1.0m – $2.0m 3.3% 11.1%

 

Queenstown Area Sales by Property Type

Report Period: January – April 2014 comparing 2013.

□ Report compares aggregated sales for the calendar year 2012 v 2011

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

Property Type Jan -April 2014 Jan -April 2013 Variance +/-
Residential Dwellings (RD) 120 sales 143sales -16.0%
RD Median Sell Price $656,000 $585,000 +12.1%
Apartments (A) 26 sales 25 sales +4.0%
A Median Sell Price $445,000 $360,000 +23.6%
Units (U) 38 sales 36 sales +5.5%
U Median Sell Price $427,500 $377,500 +13.2%
Townhouses (TH) 11 sales 10 sales +10.0%
TH Median Sell Price $465,000 $457,500 +1.6%
Residential Sections (RS) 89 sales 63 sales +41.2%
RS Median Sell Price $280,000 $270,000 +3.7%
Rural (R) 19 sales 7 sales +11.7%
R Median Sell Price $830,000 $700,000 +18.5%
Total Sales Numbers 303 sales 284sales +6.2%
Value of Sales $ $196,240,382 $171,349,037 +14.5%

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.

 

Feature Property this month: Lot 4095/ 50 Jack’s Point Rise / View online here.

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