Executive Summary- Queenstown’s Real Estate Sales Calendar Year 2017.

/ stevelindsaynz / Leave a comment

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 – December 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- Dec 2017 Jan- Dec 2016 Variance +/-
Residential Dwellings (RD) 378 sales  505 sales  -25.1%
RD Median Sell Price $1,050,000 $938,500 +11.8%
Apartments (A) 80 sales 104 sales -23.0%
A Median Sell Price $629,500 $530,500 +18.6%
Units (U) 76 sales  110 sales  -30.9%
U Median Sell Price $672,000 $622,500 +7.9%
Townhouses (TH) 38 sales 53 sales -28.3%
TH Median Sell Price $877,500 $650,000 +35.0%
Residential Sections (RS) 265 sales  353 sales  -24.9%
RS Median Sell Price $374,000 $343,333  +8.9%
Rural (R) 61 sales 84 sales -27.3%
R Median Sell Price $1,950,000 $1,362,500 +43.1%
Total Sales Numbers 898 sales  1,209 sales  -25.7%
Value of Sales $ $973,467,385 $1,082,066,255 -10.4

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

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $904,500. Sales above $1.0m represented 40.5% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $840,000. Sales above $1.0m represented 33.2% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000      0.1%
  $351,000 – $450,000   1.3%    1.8%
  $451,000 – $650,000   3.4%    5.0%
  $651,000 – $999,000 42.8%  48.0%
  $1.0m – $1.999m 37.0%  36.8%
  $2.0m plus 15.4%    8.3%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   2.4%   4.7%
  $351,000 – $450,000   3.2%   3.6%
  $451,000 – $650,000 10.7% 17.3%
  $651,000 – $999,000 43.1% 41.0%
  $1.0m –      $1.999m 29.9% 27.5%
  $2.0m plus 10.7%   5.9%

 REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$199,000   5.2%   1.4%
  $200,000 – $299,000 34.0% 38.9%
  $300,000 – $499,000 25.7% 33.7%
  $500,000 – $749,000 14.3% 11.9%
  $750,000 – $999,000   9.8%   7.3%
  $1.0m – $2.0m 11.0%   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.

QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to November 2017.

/ stevelindsaynz / Leave a comment

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 – November 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- Nov 2017 Jan- Nov 2016 Variance +/-
Residential Dwellings (RD) 348 sales  472 ales  -26.2%
RD Median Sell Price $1,050,000 $937,000 +12.0%
Apartments (A) 70 sales 100 sales -30.0%
A Median Sell Price $605,500 $540,000 +12.1%
Units (U) 70 sales  102 sales  -31.3%
U Median Sell Price $677,500 $613,500 +10.4%
Townhouses (TH) 35 sales 52 sales -32.6%
TH Median Sell Price $880,000 $650,000 +35.3%
Residential Sections (RS) 247 sales  345 sales  -28.4%
RS Median Sell Price $345,000 $343,332   +0.4%
Rural (R) 57 sales 78 sales -26.9%
R Median Sell Price $1,950,000 $1,325,000 +47.1%
Total Sales Numbers 828 sales  1149 sales  -27.9%
Value of Sales $ $899,791,182 $955,449,725   -5.8%

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

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $900,000. Sales above $1.0m represented 40.7% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $800,000. Sales above $1.0m represented 30.0% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000        n/a   0.2%
  $351,000 – $450,000      1.4%   1.9%
  $451,000 – $650,000       3.4%   4.8%
  $651,000 – $999,000    42.5% 48.3%
  $1.0m – $1.999m    36.8% 36.0%
  $2.0m plus     15.9%   8.8%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   2.6%   4.8%
  $351,000 – $450,000   3.0%   3.8%
  $451,000 – $650,000 10.1% 16.9%
  $651,000 – $999,000 43.6% 41.4%
  $1.0m –      $1.999m 29.8% 27.0%
  $2.0m plus 10.9%   6.1%

 REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$199,000   5.6%  1.4%
  $200,000 – $299,000 36.0% 39.7 %
  $300,000 – $499,000 26.0% 33.9%
  $500,000 – $749,000 11.2% 11.6%
  $750,000 – $999,000 10.6%   6.9%
  $1.0m – $2.0m 10.6%   6.5%

 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.

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

/ stevelindsaynz / Leave a comment

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 – October 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-Oct 2017 Jan- Oct 2016 Variance +/-
Residential Dwellings (RD) 316 sales  444 sales  -28.8%
RD Median Sell Price $1,050,000 $935,000 +12.3%
Apartments (A) 57 sales 91 sales -37.3%
A Median Sell Price $590,000 $525,000 +12.3%
Units (U) 67 sales  98 sales  -31.6%
U Median Sell Price $680,000 $609,000 +11.6%
Townhouses (TH) 33 sales 47 sales -29.7%
TH Median Sell Price $900,000 $650,000 +38.4%
Residential Sections (RS) 242 sales  334 sales  -27.5%
RS Median Sell Price $342,500 $330,125   +3.7%
Rural (R) 53 sales 70 sales -24.2%
R Median Sell Price $1,950,000 $1,275,000 +52.9%
Total Sales Numbers 768 sales  1084 sales  -29.1%
Value of Sales $ $830,466,850 $944,773,875 -12.1%

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

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $900,000. Sales above $1.0m represented 40.3% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $839,500. Sales above $1.0m represented 32.3% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000    n/a   0.2%
  $351,000 – $450,000   1.5%   2.0%
  $451,000 – $650,000   3.6%   5.1%
  $651,000 – $999,000 43.0% 48.8%
  $1.0m – $1.999m 36.0% 35.5%
  $2.0m plus 15.9%   8.4%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   2.7%   5.1%
  $351,000 – $450,000   3.0%   4.1%
  $451,000 – $650,000 10.4% 16.7%
  $651,000 – $999,000 43.5% 41.8%
  $1.0m –      $1.999m 29.5% 26.5%
  $2.0m plus 10.9%   5.8%

 REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$199,000   4.9%    1.5%
  $200,000 – $299,000 36.7% 40.8%
  $300,000 – $499,000 26.4% 33.9%
  $500,000 – $749,000 11.2% 10.8 %
  $750,000 – $999,000 10.4%    7.0%
  $1.0m – $2.0m 10.4%    6.0%

 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.

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

/ stevelindsaynz / Leave a comment

Apartment-2 @ 35 Belfast Terrace, Queenstown

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 – September 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-Sept 2017 Jan- Sept 2016 Variance +/-
Residential Dwellings (RD) 284 sales  404 sales  -29.7%
RD Median Sell Price $1,040,000 $921,000 +12.9%
Apartments (A) 54 sales 81 sales  -33.3%
A Median Sell Price $587,500  $500,000 +17.5%
Units (U) 63 sales  83 sales  -24.1%
U Median Sell Price $695,000 $600,000 +15.8%
Townhouses (TH) 31 sales 44 sales  -29.5%
TH Median Sell Price $900,000  $650,000 +38.4%
Residential Sections (RS) 205 sales  321 sales  -36.1%
RS Median Sell Price $360,000  $330,000   +9.0%
Rural (R) 50 sales 64 sales  -21.9%
R Median Sell Price $1,900,000 $1,225,000 +55.1%
Total Sales Numbers 687 sales  995 sales  -31.0%
Value of Sales $ $740,878,351 $852,521,575 -13.1%

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

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $899,000. Sales above $1.0m represented 39.5% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $835,000. Sales above $1.0m represented 31.3% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000 n/a   0.2%
  $351,000 – $450,000   1.7%   2.2%
  $451,000 – $650,000   3.8%   5.4%
  $651,000 – $999,000 43.0% 49.8%
  $1.0m – $1.999m 36.6% 34.7%
  $2.0m plus 15.1%    7.7%

 REINZ Reported sales by price covering all property types —(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   3.0%   5.2%
  $351,000 – $450,000   3.4%   4.4%
  $451,000 – $650,000 11.0% 17.1%
  $651,000 – $999,000 43.2% 42.0%
  $1.0m –      $1.999m 29.3% 25.9%
  $2.0m plus 10.1%   5.4%

 REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$199,000  0.4%   0.6%
  $200,000 – $299,000 38.5% 42.0%
  $300,000 – $499,000 27.8% 34.6%
  $500,000 – $749,000 10.7% 10.0%
  $750,000 – $999,000 12.1%    6.8%
  $1.0m – $2.0m 10.4%    6.0%

 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.

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

/ stevelindsaynz / Leave a comment

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 – August 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-August 2017 Jan- August 2016 Variance +/-
Residential Dwellings (RD) 261 sales  366 sales  -28.6%
RD Median Sell Price $1.0m $920,000   +8.7%
Apartments (A) 46 sales 67 sales -31,3%
A Median Sell Price $579,500  $525,000 +10.3%
Units (U) 57 sales  74 sales  -22.9%
U Median Sell Price $695,000 $592,500 +17.3%
Townhouses (TH) 29 sales 37 sales -21.6%
TH Median Sell Price $900,000  $650,000 +38.4%
Residential Sections (RS) 119 sales  304 sales  -60.8%
RS Median Sell Price $495,652  $322,500 +53.6%
Rural (R) 46 sales 62 sales -25.8%
R Median Sell Price $1825,000 $1,175,000 +55.3%
Total Sales Numbers 558 sales  910 sales  -38.6%
Value of Sales $ $634,287,987 $763,289,062 -16.9%

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

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $895,000. Sales above $1.0m represented 38.6% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $835,000. Sales above $1.0m represented 31.4% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000 nil     0.2%
  $351,000 – $450,000 1.9%     2.1%
  $451,000 – $650,000 3.8%     5.9%
  $651,000 – $999,000 44.0%   50.0%
  $1.0m – $1.999m 36.0%   34.9%
  $2.0m plus 14.3%     6.9%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   3.3%    4.2%
  $351,000 – $450,000   3.0%    4.5%
  $451,000 – $650,000 11.0%  18.0%
  $651,000 – $999,000 44.0%  41.9%
  $1.0m –      $1.999m 29.3%  26.5 %
  $2.0m plus   9.4%    4.9%

 REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$199,000   0.8%     1.6%
  $200,000 – $299,000 12.6%   42.9%
  $300,000 – $499,000 37.0%   34.2%
  $500,000 – $749,000 15.1%     9.8%
  $750,000 – $999,000 19.3%     6.5%
  $1.0m – $2.0m 15.2%     5.0%

 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.

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

/ stevelindsaynz / Leave a comment

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 – July 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-July 2017 Jan- July 2016 Variance +/-
Residential Dwellings (RD) 226 sales  325 sales  -30.4%
RD Median Sell Price $992,500 $920,000   +7.8%
Apartments (A) 42 sales 61 sales  -31.1%
A Median Sell Price $587,500  $550,000   +6.8%
Units (U) 50 sales  61 sales  -18.0%
U Median Sell Price $687,500 $595,000 +15.5%
Townhouses (TH) 25 sales 22 sales  +13.6%
TH Median Sell Price $875,000  $654,500 +33.6%
Residential Sections (RS) 101 sales  180 sales  -43.8%
RS Median Sell Price $495,652  $391,500 +26.6%
Rural (R) 42 sales 52 sales  -19.2%
R Median Sell Price $1,900,000 $1,225,000 +55.1%
Total Sales Numbers 486 sales  701 sales  -30.6%
Value of Sales $ $551,228,459 $622,998,894 -11.5%

January – July2017 comparing same period Year-to-date 2016:

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $890,000. Sales above $1.0m represented 37.3% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $837,500. Sales above $1.0m represented 32% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000    n/a   0.6%
  $351,000 – $450,000  2.2%   1.5%
  $451,000 – $650,000  3.5%   5.8%
  $651,000 – $999,000 44.7% 49.8%
  $1.0m – $1.999m 36.8% 35.5%
  $2.0m plus 12.8%   6.8%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   2.9%   4.4%
  $351,000 – $450,000   3.4%    3.6%
  $451,000 – $650,000 10.8% 16.4%
  $651,000 – $999,000 45.5% 43.3%
  $1.0m –      $1.999m 28.9% 27.0%
  $2.0m plus   8.5%    5.3%

 REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$199,000  0.9%   2.7%
  $200,000 – $299,000  8.9% 14.6%
  $300,000 – $499,000 38.7% 53.4%
  $500,000 – $749,000 15.8% 15.o%
  $750,000 – $999,000 19.8%   8.8%
  $1.0m – $2.0m 15.9%   5.5%

 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.

 

Home Sales 2017 – Jack’s Point.

/ stevelindsaynz / Leave a comment

Section for sale

Here’s a quick and dirty synopsis of home sales at the residential lifestyle subdivision of Jack’s Point.

Jack’s Point land sales dominated the sales stats last month (44% of total and a robust median sell price of $487,000).

Buyers committing to build at Jack’s Point based on our office experience will attract buyers should they elect to go to the market on the basis their price expectations are not a disconnect with informed buyers who are quick to recognize a future price as opposed to a today/ current market price point.

  • x 24 REINZ reported home sales across Jack’s Point year-to-date 2017 with a median sell price of $1,167,500
  • 3 Bedroom Homes (13 sales) representing 54% of the total with a median sell price of $1,030,000
  • 4 Bedroom Homes (10 sales) representing 41% of the total with a median sell price of $1,350,000
  • 5 Bedroom Homes (1 sale) representing 5% of the total with a median sell price of $1,650,000
  • X3 Falconer Rise Homes sales all 4-bedroom and median Sell price of $1,345,000

 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.

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

/ stevelindsaynz / Leave a comment

Section for sale

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 – June 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-June 2017 Jan- June 2016 Variance +/-
Residential Dwellings (RD)  196 sales  294 sales  -33.3%
RD Median Sell Price $992,500 $910,000 +9.0%
Apartments (A) 39 sales 53 sales  -26.4%
A Median Sell Price $590,000  $550,000 +7.2%
Units (U) 48 sales  52 sales  -7.6%
U Median Sell Price $617,500 $565,000 +9.2%
Townhouses (TH) 22 sales 20 sales  +10.0%
TH Median Sell Price $837,500 $650,500 +28.7%
Residential Sections (RS) 81 sales  157 sales  -48.4%
RS Median Sell Price $525,000  $390,000 +34.6%
Rural (R) 39 sales 48 sales  -18.7%
R Median Sell Price $1,850,000 $1,175,000 +57.4%
Total Sales Numbers 426 sales  624 sales  -31.7%
Value of Sales $ $489,852,759 $549,971,921 –10.9%

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

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $880,000. Sales above $1.0m represented 36.3% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $830,000. Sales above $1.0m represented 30.0% of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000 n/a   0.3 %
  $351,000 – $450,000    2.0%   2.0%
  $451,000 – $650,000    2.0%   6.1%
  $651,000 – $999,000 46.4% 50.6%
  $1.0m – $1.999m 36.7% 34.5%
  $2.0m plus 12.9%   6.5%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   2.9%   5.0%
  $351,000 – $450,000   3.4%   3.3%
  $451,000 – $650,000 10.5% 16.9%
  $651,000 – $999,000 46.9% 43.7%
  $1.0m –      $1.999m 28.2% 26.4%
  $2.0m plus   8.1%   4.7%

 REINZ Reported sales by price of Residential Sections.

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$199,000   1.2% 28.3%
  $200,000 – $299,000 11.1% 34.6%
  $300,000 – $499,000 34.5% 21.8%
  $500,000 – $749,000 12.4%   2.5%
  $750,000 – $999,000 21.0%   8.9%
  $1.0m – $2.0m 19.8%   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 prior to purchase.

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

/ stevelindsaynz / Leave a comment

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 – May 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-May 2017 Jan- May 2016 Variance +/-
Residential Dwellings (RD) 171 sales  245 sales  -30.2%
RD Median Sell Price $1.0m $902,000 +10.8%
Apartments (A) 33 sales 43 sales  -23.2%
A Median Sell Price $585,000 $570,000   +2.6%
Units (U) 43 sales  45 sales    -4.4%
U Median Sell Price $700,000 $562,500 +24.4%
Townhouses (TH) 19 sales 18 sales    +5.5%
TH Median Sell Price $875,000  $654,500 +33.6%
Residential Sections (RS) 72 sales  129 sales  -44.1%
RS Median Sell Price $512,500 $385,000 +33.1%
Rural (R) 36 sales 34 sales    +5.8%
R Median Sell Price $1,900,000 $1,250,000 +52.0%
Total Sales Numbers 374 sales  514 sales  -27.2%
Value of Sales $ $433,062,749 $441,135,482   -1.8%

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

  • 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $879,000. Sales above $1.0m represented 36.8% of all sales.
  • 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $830,000. Sales above $1.0m represented 31.6 % of all sales.

REINZ Reported sales by price of Queenstown Residential Homes

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000   n/a   0.4%
  $351,000 – $450,000   2.3%   2.0%
  $451,000 – $650,000   2.3%   6.1%
  $651,000 – $999,000 44.8% 50.2%
  $1.0m – $1.999m 37.8% 35.5%
  $2.0m plus 13.0%   5.8%

 REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

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

Price Band % of Total Sales 2017 % of Total Sales 2016
<$350,000    3.0%   5.2%
  $351,000 – $450,000   2.6%   3.4%
  $451,000 – $650,000 11.0% 16.8%
  $651,000 – $999,000 46.7% 43.0%
  $1.0m –      $1.999m 28.5% 27.3%
  $2.0m plus   8.2%   4.3%

 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.

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

/ stevelindsaynz / Leave a comment

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.