EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to April 2017.


Informative updates are fundamental to be first to know when the time is right to make your move whether it be buying or selling. Adhering to REINZ policy I am not at liberty to comment on the market data so I’ll just let my ‘desktop analyses’ of the sales numbers do the talking.

Queenstown Area Sales by Property Type

Report Period: January – April 2017 comparing 2016

□ Report compares aggregated sales for the calendar year 2017 v 2016

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

Property Type Jan-April 2017 Jan- April 2016 Variance +/-
Residential Dwellings (RD) 129 sales  181 sales  -28.7%
RD Median Sell Price $1.0m $915,000   +9.2%
Apartments (A) 24 sales 30 sales  -20.0%
A Median Sell Price $575,000 $500,000 +15.0%
Units (U) 37 sales  31 sales  +19.3%
U Median Sell Price $695,000 $565,000 +23.0%
Townhouses (TH) 16 sales 15 sales    +6.6%
TH Median Sell Price $862,500 $654,000 +31.8%
Residential Sections (RS) 38 sales  96 sales  -60.0%
RS Median Sell Price $630,000 $385,000 +63.6%
Rural (R) 29 sales 27 sales    +7.4%
R Median Sell Price $1,950,000 $1,300,000 +50.0%
Total Sales Numbers 273 sales  380 sales  -28.1%
Value of Sales $ $324,088,113 $327,860,682   -1.1%

January – April 2017 comparing same period Year-to-date 2016:

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $862,500. Sales above $1.0m represented 36.4% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $830,000. Sales above $1.0m represented 32.2% of all sales.

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- April 2017 comparing same period Year-to-date 2016

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   2.9%   8.3%
  $351,000 – $450,000   3.4%   3.0%
  $451,000 – $650,000 11.2% 15.1%
  $651,000 – $999,000 46.3% 41.6%
  $1.0m –      $1.999m 28.7% 28.9%
  $2.0m plus   7.5%   3.1%

 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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