Executive Summary: Queenstown’s Real Estate Sales Year-to-Date

Latest Sales by Property Type- November 2014 comparing November 2013

Type November 2014 November 2013
Number of sales Residential Dwellings 36 27
Apartments 9 6
Units 10 5
Townhouses 4 2
Sections / Vacant 21 13
Rural Lifestyle 7 6
TOTAL 87 59

REINZ Reported sales by price of Queenstown Residential Homes

Year-to-date January- November 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 3.9% 3.8%
$351,000 – $450,000 6.8% 10.2%
$451,000 – $650,000 37.6% 44.7%
$651,000 – $999,000 27.8% 27.4%
$1.0m –     $1.999m 18.2% 9.8%
$2.0m plus 5.7% 4.1%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

Year-to-date January- November 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$350,000 11.8% 14.8%
$351,000 – $450,000 15.4% 18.4%
$451,000 – $650,000 32.9% 35.8%
$651,000 – $999,000 23.2% 21.5%
$1.0m – $1.999m 13.2% 6.9%
$2.0m plus 3.2% 2.6%

REINZ Reported sales by price of Residential Sections.

Year-to-date January – November 2014 comparing 2013.

Price Band % of Total Sales 2014 % of Total Sales 2013
<$199,000 33.7% 20.6%
$200,000 – $299,000 21.2% 35.9%
$300,000 – $499,000 19.3% 17.9%
$500,000 – $749,000 15.3% 13.5%
$750,000 – $999,000 5.7% 5.1%
$1.0m – $2.0m 4.8% 7.0%

 

Queenstown Area Sales by Property Type

Report Period: January–November 2014 comparing 2013.

□ Report compares aggregated sales for the calendar year 2014 v 2013

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

Property Type Jan -November 2014 Jan –November 2013 Variance +/-
Residential Dwellings (RD) 352 sales 336 sales   +4.7%
RD Median Sell Price $663,500 $613,750   +8.1%
Apartments (A) 84 sales 75 sales +12.0%
A Median Sell Price $447,500 $419,000   +6.8%
Units (U) 92 sales 97 sales   -5.1%
U Median Sell Price $434,000 $385,000 +12.7%
Townhouses (TH) 32 sales 37 sales -13.5%
TH Median Sell Price $461,000 $420,000   +9.7%
Residential Sections (RS) 208 sales 156 sales +33.3%
RS Median Sell Price $265,000 $250,000   +6.0%
Rural (R) 55 sales 34 sales +61.7%
R Median Sell Price $930,000 $800,000 +16.2%
Total Sales Numbers 756 sales 735 sales +2.8%
Value of Sales $ $469,671,300 $439,499,670 +6.8%

 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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