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


Queenstown Area Sales by Property Type

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

□ Report compares aggregated sales

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

Property Type Jan –June 2015 Jan –June   2014 Variance +/-
Residential Dwellings (RD) 230 sales 178 sales +29.2%
RD Median Sell Price $738,000 $663,500 +11.2%
Apartments (A) 55 sales 42 sales +30.9%
A Median Sell Price $415,000 $447,500 -7.2%
Units (U) 60 sales 46 sales +30.4%
U Median Sell Price $467,500 $434,000 +7.7%
Townhouses (TH) 24 sales 16 sales +50.0%
TH Median Sell Price $614,250 $461,000 +33.2%
Residential Sections (RS) 79 sales 104 sales -24.0%
RS Median Sell Price $245,000 $262,500 -6.6%
Rural (R) 27 sales 34 sales -20.5%
R Median Sell Price $940,000 $880,000 +6.8%
Total Sales Numbers 475 sales 421 sales +12.8%
Value of Sales $ $348,766,122 $279,161,752 +24.9%

 REINZ reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 4.5%   4.0%
$351,000 – $450,000 3.0%   6.7%
$451,000 – $650,000 28.8% 37.7%
$651,000 – $999,000 42.1% 27.5%
$1.0m –     $1.999m 18.6% 18.0%
$2.0m plus 3.0%   6.1%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$350,000 10.0% 12.0%
$351,000 – $450,000 12.2% 15.1%
$451,000 – $650,000 29.5% 32.6%
$651,000 – $999,000 33.5% 23.2%
$1.0m – $1.999m 12.7% 13.3%
$2.0m plus 2.1% 3.8%

REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2015 % of Total Sales 2014
<$199,000 28.3% 34.7%
$200,000 – $299,000 34.6% 21.8%
$300,000 – $499,000 21.8% 18.8%
$500,000 – $749,000   2.5% 14.8%
$750,000 – $999,000   8.9% 6.0%
$1.0m – $2.0m 3.9% 3.9%

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.Penthouse- The Tiers

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