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
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.
Steve Lindsay 