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.
Steve Lindsay 