EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES-Calendar Year 2014


Latest Sales by Property Type- December 2014 comparing December 2013

Type December 2014 December 2013
Number of sales Residential Dwellings 29 29
Apartments 11 10
Units 2 9
Townhouses 7 4
Sections / Vacant 13 3
Rural Lifestyle 1 2
TOTAL 63 57

 

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 5.8% 4.2%
$351,000 – $450,000 6.8% 9.5%
$451,000 – $650,000 35.7% 44.4%
$651,000 – $999,000 31.3% 27.2%
$1.0m –     $1.999m 14.9% 10.4%
$2.0m plus 5.5% 4.3%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 13.7% 15.0%
$351,000 – $450,000 14.3% 18.6%
$451,000 – $650,000 33.9% 35.3%
$651,000 – $999,000 24.2% 21.2%
$1.0m – $1.999m 10.4% 7.3%
$2.0m plus 3.5% 2.6%

 

REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2014 % of Total Sales 2013
<$199,000 33.9% 20.1%
$200,000 – $299,000 24.4% 35.8%
$300,000 – $499,000 20.2% 18.3%
$500,000 – $749,000 12.6% 13.9%
$750,000 – $999,000 6.3% 5.0%
$1.0m – $2.0m 2.6% 6.9%

Queenstown Area Sales by Property Type

Report Period: January–December 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 –December 2014 Jan –December 2013 Variance +/-
Residential Dwellings (RD) 342 sales 365 sales    – 6.3%
RD Median Sell Price $661,000 $615,000 +7.4 %
Apartments (A) 94 sales 85 sales +10.5 %
A Median Sell Price $447,500 $405,000 +10.4%
Units (U) 85 sales 106 sales    -19.8%
U Median Sell Price $435,000 $385,000 +12.9 %
Townhouses (TH) 35 sales 41 sales -14.6 %
TH Median Sell Price $465,000 $420.000    +10.7%
Residential Sections (RS) 189 sales 159 sales +18.8 %
RS Median Sell Price $265,000 $260,000    +1.9%
Rural (R) 56 sales 39 sales    +43.5%
R Median Sell Price $977,500 $900,000    +10.8%
Total Sales Numbers 801 sales 795 sales    +0.75%
Value of Sales $ $527,889,404 $497,332,670 +6.1 %

Data Source: REINZ. Private & Developer direct 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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