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


Latest Sales by Property Type- August 2014 comparing August 2013

Type August 2014 August 2013
Number of sales Residential Dwellings 21 18
Apartments 5 8
Units 9 14
Townhouses 3 2
Sections / Vacant 9 9
Rural Lifestyle 1 2
TOTAL 48 53

 

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 4.9% 4.2%
$351,000 – $450,000 6.3% 11.6%
$451,000 – $650,000 39.5% 45.2%
$651,000 – $999,000 28.7% 24.9%
$1.0m –     $1.999m 15.6% 10.3%
$2.0m plus 5.0% 3.8%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 12.8% 15.4%
$351,000 – $450,000 14.6% 19.8%
$451,000 – $650,000 34.9% 35.4%
$651,000 – $999,000 23.2% 19.4%
$1.0m – $1.999m 11.5% 7.5%
$2.0m plus 3.0% 2.5%

West aspect 4094

REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$199,000 31.7% 16.8%
$200,000 – $299,000 20.9% 40.7%
$300,000 – $499,000 19.5% 17.6%
$500,000 – $749,000 16.1% 11.5%
$750,000 – $999,000 7.2% 4.5%
$1.0m – $2.0m 4.6% 8.9%

Queenstown Area Sales by Property Type

Report Period: January– August 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 -Aug 2014 Jan –Aug 2013 Variance +/-
Residential Dwellings (RD) 223 sales 257 sales -13.2%
RD Median Sell Price $650,000 $605,000 +7.4%
Apartments (A) 51 sales 57 sales -10.5%
A Median Sell Price $428,000 $400,000 +7.0%
Units (U) 63 sales 73 sales -5.9%
U Median Sell Price $436,000 $385,000 +13.2%
Townhouses (TH) 21 sales 27 sales -22.2%
TH Median Sell Price $465,000 $420,000 +10.7%
Residential Sections (RS) 124 sales 113 sales +9.7%
RS Median Sell Price $265,000 $250,000 +6.0%
Rural (R) 38 sales 22 sales +72.7%
R Median Sell Price $880,000 $800,000 +10.0%
Total Sales Numbers 520 sales 549 sales -5.2%
Value of Sales $ $336,057,827 $320,631,216 +4.8%

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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