EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES-Calendar Year 2015


Queenstown Area Sales by Property Type

Report Period: January & February 2015 comparing January & February 2014

□ Report compares aggregated sales

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

Property Type Jan –February   2015 Jan –February   2014 Variance +/-
Residential Dwellings (RD) 66 sales 67 sales -1.4%
RD Median Sell Price $677,500 $662,000 +2.3%
Apartments (A) 19 sales 12 sales +58.3%
A Median Sell Price $415,000 $615,000 -32.5%
Units (U) 22 sales 27 sales -18.5%
U Median Sell Price $432,500 $425,000 +1.7%
Townhouses (TH) 9 sales 6 sales +50.0%
TH Median Sell Price $480,000 $395,623 +21.3%
Residential Sections (RS) 18 sales 39 sales -53.8%
RS Median Sell Price $303,750 $265,000 +14.6%
Rural (R) 7 sales 11 sales -36.3%
R Median Sell Price $640,000 $820,000 -21.9%
Total Sales Numbers 141 sales 162 sales -12.9%
Value of Sales $ $91,812,600 $104,980,282 -12.5%

REINZ Reported sales by price of Queenstown Residential Homes

Year-to-date January & February 2015 comparing January & February 2014

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 6% 2.9%
$351,000 – $450,000 4.5% 5.9%
$451,000 – $650,000 31.9% 40.4%
$651,000 – $999,000 36.5% 25.5%
$1.0m –     $1.999m 18.1% 16.4%
$2.0m plus 3.0% 8.9%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

Year-to-date January & February 2015 comparing January & February 2014

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 33.5% 10.7%
$351,000 – $450,000 11.2% 18.7%
$451,000 – $650,000 27.1% 32.1%
$651,000 – $999,000 5.5% 23.3%
$1.0m – $1.999m 16.6% 9.8%
$2.0m plus 5.5% 5.3%

REINZ Reported sales by price of Residential Sections.

Year-to-date January & February 2015 comparing January & February 2014

Price Band % of Total Sales 2015 % of Total Sales 2014
<$199,000 33.5% 35.8%
$200,000 – $299,000 11.2% 23.2%
$300,000 – $499,000 27.7% 17.9%
$500,000 – $749,000 5.5% 12.8%
$750,000 – $999,000 16.6% 7.8%
$1.0m – $2.0m 5.5% 2.5%

 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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