Latest Property Sales for Queenstown Y.T.D January- July 2014


My ‘desktop’ analysis of the latest property sales data (REINZ) for Queenstown year-to-date.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 3.9% 3.7%
$351,000 – $450,000 6.5% 10.4%
$451,000 – $650,000 38.6% 46.5%
$651,000 – $999,000 29.3% 25.2%
$1.0m –     $1.999m 16.8% 10.1%
$2.0m plus 4.9% 4.1%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 11.8% 14.8%
$351,000 – $450,000 14.6% 17.5%
$451,000 – $650,000 34.0% 36.9%
$651,000 – $999,000 23.8% 20.5%
$1.0m – $1.999m 12.6% 7.7%
$2.0m plus 3.2% 2.6%

 

6B Lancewood Lane

6B Lancewood Lane

REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$199,000 35.6% 18.3%
$200,000 – $299,000 20.1% 41.4%
$300,000 – $499,000 18.3% 15.5%
$500,000 – $749,000 14.8% 10.5%
$750,000 – $999,000 6.9% 5.7%
$1.0m – $2.0m 4.3% 8.6%

 

Queenstown Area Sales by Property Type

Report Period: January– July 2014 comparing 2013.

□ Report compares aggregated sales for the calendar year 2014 v 2013

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

Property Type Jan -July 2014 Jan –July 2013 Variance +/-
Residential Dwellings (RD) 202 sales 239 sales -15.4%
RD Median Sell Price $660,000 $605,000 +9.0%
Apartments (A) 46 sales 49 sales -6.1%
A Median Sell Price $451,500 $395,000 +14.3%
Units (U) 54 sales 59 sales -8.4%
U Median Sell Price $438,000 $365,500 +19.8%
Townhouses (TH) 18 sales 25 sales -28.0%
TH Median Sell Price $461,000 $435,000 +5.9%
Residential Sections (RS) 115 sales 104 sales +10.5%
RS Median Sell Price $260,000 $232,500 +11.8%
Rural (R) 39 sales 20 sales +95.-%
R Median Sell Price $930.000 $900,000 +3.3%
Total Sales Numbers 474 sales 496 sales -4.4%
Value of Sales $ $311,043,577 $295,512,000 +5.2%

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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