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


Queenstown Area Sales by Property Type

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

□ Report compares aggregated sales

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

Property Type Jan –April 2015 Jan –April   2014 Variance +/-
Residential Dwellings (RD) 151 sales 117 sales +29.0%
RD Median Sell Price $689,000 $662,000   +4.0%
Apartments (A) 34 sales 26 sales +30.7%
A Median Sell Price $420,000 $445,000 -5.6%
Units (U) 39 sales 38 sales +2.6 %
U Median Sell Price $460,000 $430,000   +6.9%
Townhouses (TH) 23 sales 11 sales +109.0%
TH Median Sell Price $568,500 $465,000 +22.2%
Residential Sections (RS) 48 sales 82 sales -41.4%
RS Median Sell Price $250,900 $262,500   -4.4%
Rural (R) 19 sales 19 sales n/c
R Median Sell Price $940,000 $830,000 +13.2%
Total Sales Numbers 314 sales 293 sales +7.1%
Value of Sales $ $223,321,597 $189,874,382 +17.6%

 

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000   4.6%     3.4%
$351,000 – $450,000   3.3%     3.4%
$451,000 – $650,000 31.2% 41.9%
$651,000 – $999,000 41.7% 27.3%
$1.0m –     $1.999m 16.6% 18.0%
$2.0m plus   2.6% 6.0%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 9.4% 13.0%
$351,000 – $450,000 13.3% 14.5%
$451,000 – $650,000 31.5% 33.4%
$651,000 – $999,000 32.5% 23.5%
$1.0m – $1.999m 11.3% 12.0%
$2.0m plus 2.0% 3.6%

 

REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$199,000 35.4% 36.5%
$200,000 – $299,000 22.9% 20.9%
$300,000 – $499,000 18.7% 17.1%
$500,000 – $749,000   4.3% 15.8%
$750,000 – $999,000 14.6%   4.8%
$1.0m – $2.0m   4.1%   4.8%

 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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