Executive Summary: Queenstown’s Real Estate Sales Y.T.D March 2015


Queenstown Area Sales by Property Type

Report Period: January- March 2015 comparing January- March 2014

□ Report compares aggregated sales

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

Property Type Jan –Mar 2015 Jan –Mar   2014 Variance +/-
Residential Dwellings (RD) 108 sales 94 sales +14.8%
RD Median Sell Price $682,900 $671,000 +1.7%
Apartments (A) 27 sales 19 sales +42.1%
A Median Sell Price $425,000 $530,000 -19.8%
Units (U) 30 sales 31 sales -3.2%
U Median Sell Price $440,000 $430,000 +2.3%
Townhouses (TH) 18 sales 9 sales +100.0%
TH Median Sell Price $614,250 $450,000 +36.5%
Residential Sections (RS) 36 sales 66 sales -45.4%
RS Median Sell Price $223,500 $262,500 -14.8%
Rural (R) 16 sales 17 sales -5.8%
R Median Sell Price $775,000 $830,000 -6.6%
Total Sales Numbers 235 sales 238 sales -1.2%
Value of Sales $ $156,704,750 $152,910,882 +2.4%

 REINZ Reported sales by price of Queenstown Residential Homes

Year-to-date January- March 2015 comparing January- March 2014

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 5.5% 3.1%
$351,000 – $450,000 2.7% 5.3%
$451,000 – $650,000 33.5% 37.3%
$651,000 – $999,000 38.8 % 27.6%
$1.0m –     $1.999m 17.7 % 19.3 %
$2.0m plus 1.8% 7.4%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

Year-to-date January- March 2015 comparing January-March 2014

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 9.8% 12.4%
$351,000 – $450,000 15.9% 16.4%
$451,000 – $650,000 31.3% 29.5%
$651,000 – $999,000 30.0% 24.8%
$1.0m – $1.999m 12.0% 12.4%
$2.0m plus 1.0% 4.5%

REINZ Reported sales by price of Residential Sections.

Year-to-date January- March 2015 comparing January-March 2014

Price Band % of Total Sales 2015 % of Total Sales 2014
<$199,000 44.4% 40.9%
$200,000 – $299,000 19.6% 16.6%
$300,000 – $499,000 13.8% 18.3%
$500,000 – $749,000 5.7% 13.7%
$750,000 – $999,000 13.8% 7.5%
$1.0m – $2.0m 2.7% 3.0%

 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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