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


Queenstown Area Sales by Property Type

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

□ Report compares aggregated sales

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

Property Type Jan –May 2015 Jan –May 2014 Variance +/-
Residential Dwellings (RD) 190 sales 152 sales +25.0%
RD Median Sell Price $735,000 $650,000 +13.0%
Apartments (A) 43 sales 31 sales +38.7%
A Median Sell Price $400,000 $420,000   -4.7%
Units (U) 50 sales 42 sales +19.0%
U Median Sell Price $462,000 $435,500   +6.0%
Townhouses (TH) 24 sales 14 sales +71.4%
TH Median Sell Price $614,250 $490,000 +25.3%
Residential Sections (RS) 61 sales 94 sales -35.1%
RS Median Sell Price $280,000 $265,500   +5.4%
Rural (R) 25 sales 26 sales   -3.8%
R Median Sell Price $920,000 $825,000 +11.5%
Total Sales Numbers 393 sales 359 sales   +9.4%
Value of Sales $ $283,802,682 $233,320,452 +21.6%

 

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 4.7% 4.6%
$351,000 – $450,000 2.6% 5.4%
$451,000 – $650,000 30.0% 40.6%
$651,000 – $999,000 42.3% 26.3%
$1.0m –     $1.999m 16.8% 17.7%
$2.0m plus 3.6% 5.4%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 10.0% 12.5%
$351,000 – $450,000 12.9% 14.3%
$451,000 – $650,000 30.2% 34.7%
$651,000 – $999,000 32.8% 23.o%
$1.0m – $1.999m 11.7% 12.2%
$2.0m plus    2.4% 3.3%

 

REINZ Reported sales by price of Residential Sections.

Year-to-date January- May 2015 comparing January-May 2014B0646

Price Band % of Total Sales 2015 % of Total Sales 2014
<$199,000 27.8% 32.9%
$200,000 – $299,000 26.3% 21.2%
$300,000 – $499,000 26.3% 19.5%
$500,000 – $749,000 4.9% 15.9%
$750,000 – $999,000 11.4% 6.3%
$1.0m – $2.0m 3.3% 4.2%

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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