EXECUTIVE SUMMARY: QUEENSTOWN REAL ESTATE SALES YEAR-T0-DATE


REINZ Reported sales by price of Queenstown Residential Homes

Year-to-date January- June 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 4.0% 4.3%
$351,000 – $450,000 6.7% 12.1%
$451,000 – $650,000 37.7% 43.8%
$651,000 – $999,000 27.5% 25.0%
$1.0m – $2.0m 18.0% 10.5%
$2.0m plus 6.1% 4.3%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

Year-to-date January- June 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 12.0% 14.2%
$351,000 – $450,000 15.1% 18.6%
$451,000 – $650,000 32.6% 36.5%
$651,000 – $999,000 23.2% 20.0%
$1.0m – $1.999m 13.3% 7.7%
$2.0m plus 3.8% 3.0%

REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$199,000 34.7% 16.6%
$200,000 – $299,000 21.8% 41.2%
$300,000 – $499,000 18.8% 16.6%
$500,000 – $749,000 14.8% 11.2%
$750,000 – $999,000 6.0% 4.4%
$1.0m – $2.0m 3.9% 10.0%

Queenstown Area Sales by Property Type
Report Period: January – June 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 -June 2014 Jan –June 2013 Variance +/-
Residential Dwellings (RD) 178 sales 208 sales -14.4%
RD Median Sell Price $663,500 $605,500 +9.5%
Apartments (A) 42 sales 42 sales No change
A Median Sell Price $447,500 $392,500 +14.0%
Units (U) 46 sales 54 sales -14.8%
U Median Sell Price $434,000 $377,500 +14.9%
Townhouses (TH) 16 sales 20 sales -20.0%
TH Median Sell Price $461,000 $467,500 -1.3%
Residential Sections (RS) 104 sales 90 sales +15.5%
RS Median Sell Price $262,500 $245,000 +7.1%
Rural (R) 34 sales 16 sales +112.0%
R Median Sell Price $880,000 $800,000 +10.0%
Total Sales Numbers 421 sales 430 sales -2.0%
Value of Sales $ $279,161,752 $259,797,937 +7.7 %

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.

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