Colliers Queenstown Annual Property Market Review & Outlook Report has just been released. “Residential property in Queenstown is still in extremely high demand, with limited supply keeping sale prices at elevated levels.” Read the full report as per the E-Book link below.
EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to May 2018.
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: Calendar Year to date- January – May 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – May 2018 | Jan – May 2017 | Variance +/- |
| Residential Dwellings (RD) | 182 sales | 171 sales | +6.4% |
| RD Median Sell Price | $1,192,500 | $1.0m | +19.2% |
| Apartments (A) | 55 sales | 33 sales | +66.6% |
| A Median Sell Price | $521,099 | $585,000 | -10.9% |
| Units (U) | 48 sales | 43 sales | +11.6% |
| U Median Sell Price | $710,000 | $700,000 | +1.4% |
| Townhouses (TH) | 29 sales | 19 sales | +52.6% |
| TH Median Sell Price | $895,652 | $875,000 | +2.3% |
| Residential Sections (RS) | 73 sales | 72 sales | +1.3% |
| RS Median Sell Price | $600,000 | $512,500 | +17.0% |
| Rural (R) | 25 sales | 36 sales | -30.5% |
| R Median Sell Price | $1,700,000 | $1,900,000 | -10.5% |
| Total Sales Numbers | 412 sales | 374 sales | +10.1% |
| Value of Sales $ | $443,692,283 | $433,062,749 | +2.4% |
January – May 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $905,000. Sales above $1.0m represented 40.7% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – May 2018 comparing January – May 2018
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| $351,000 – $450,000 | 0.5% | 2.3% |
| $451,000 – $650,000 | 3.2% | 2.3% |
| $651,000 – $999,000 | 34.6% | 44.8% |
| $1.0m – $1.999m | 47.8% | 37.8% |
| $2.0m plus | 13.9% | 13.0% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- May 2018 comparing January – May 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$350,000 | 2.5% | 3.0% |
| $351,000 – $450,000 | 4.4% | 2.6% |
| $451,000 – $650,000 | 14.7% | 11.0% |
| $651,000 – $999,000 | 37.4% | 46.7% |
| $1.0m – $1.999m | 32.6% | 28.5% |
| $2.0m plus | 8.4% | 8.2% |
REINZ Reported sales by price of Residential Sections.
January- May 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 1.3% | 1.3% |
| $200,000 – $299,000 | 4.2% | 12.5% |
| $300,000 – $499,000 | 26.0% | 34.7% |
| $500,000 – $749,000 | 48.0% | 11.2% |
| $750,000 – $999,000 | 6.8% | 22.3% |
| $1.0m – $2.0m | 13.7% | 18.0% |
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 April 2018.
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: Calendar Year to date- January – April 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – April 2018 | Jan – April 2017 | Variance +/- |
| Residential Dwellings (RD) | 141 sales | 129 sales | +9.3% |
| RD Median Sell Price | $1,175,000 | $1.0m | +17.5% |
| Apartments (A) | 33 sales | 24 sales | +37.5% |
| A Median Sell Price | $590,000 | $575,000 | +2.6% |
| Units (U) | 30 sales | 37 sales | -18.9% |
| U Median Sell Price | $711,250 | $695,000 | +2.3% |
| Townhouses (TH) | 21 sales | 16 sales | +31.2% |
| TH Median Sell Price | $950,000 | $862,500 | +10.1% |
| Residential Sections (RS) | 62 sales | 39 sales | +58.9% |
| RS Median Sell Price | $600,000 | $610,000 | -1.6% |
| Rural (R) | 21 sales | 29 sales | -27.5% |
| R Median Sell Price | $1,600,000 | $1,950,000 | -17.9% |
| Total Sales Numbers | 308 sales | 274 sales | +12.4% |
| Value of Sales $ | $341,839,755 | $324,088,113 | +5.4% |
January – April 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $950,000. Sales above $1.0m represented 44.4% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – April 2018 comparing January – April 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| Ø $450,000 | 0.10% | 3.1% |
| $451,000 – $650,000 | 2.8% | 3.1% |
| $651,000 – $999,000 | 36.8% | 43.7% |
| $1.0m – $1.999m | 47.5% | 38.3% |
| $2.0m plus | 12.8% | 11.8% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- April 2018 comparing January – April 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| > $450,000 | 3.5% | 6.3% |
| $451,000 – $650,000 | 13.4% | 11.2% |
| $651,000 – $999,000 | 38.6% | 46.4% |
| $1.0m – $1.999m | 36.0% | 28.8% |
| $2.0m plus | 8.5% | 7.3% |
REINZ Reported sales by price of Residential Sections.
January- April 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 1.6% | n/a |
| $200,000 – $299,000 | 4.8% | 5.1% |
| $300,000 – $499,000 | 17.8% | 38.5% |
| $500,000 – $749,000 | 53.2% | 7.8% |
| $750,000 – $999,000 | 8.0% | 25.6% |
| $1.0m – $2.0m | 14.6% | 23.0% |
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 March 2018.
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: Calendar Year to date- January – March 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – March 2018 | Jan – March 2017 | Variance +/- |
| Residential Dwellings (RD) | 105 sales | 96 sales | +9.3% |
| RD Median Sell Price | $1,175,000 | $959,500 | +22.4% |
| Apartments (A) | 26 sales | 17 sales | +52.9% |
| A Median Sell Price | $625,000 | $570,000 | +9.6% |
| Units (U) | 24 sales | 25 sales | -4.0% |
| U Median Sell Price | $711,250 | $665,000 | +6.9% |
| Townhouses (TH) | 7 sales | 16 sales | -56.2% |
| TH Median Sell Price | $1.0m | $860,000 | +16.2% |
| Residential Sections (RS) | 54 sales | 32 sales | +68.7% |
| RS Median Sell Price | $600,000 | $510,326 | +17.5% |
| Rural (R) | 13 sales | 23 sales | -43.4% |
| R Median Sell Price | $1,825,000 | $1,950,000 | -6.4% |
| Total Sales Numbers | 229 sales | 209 sales | +9.5% |
| Value of Sales $ | $250,590,755 | $239,779,913 | +4.5% |
January – March 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $914,000. Sales above $1.0m represented 43.8% of all sales.
- 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $850,000 Sales above $1.0m represented 34.4% of all sales.
REINZ Reported sales by price of Queenstown Residential Homes
January – March 2018 comparing January – March 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| Ø $450,000 | 0.9% | 3.1% |
| $451,000 – $650,000 | 3.8% | 4.1% |
| $651,000 – $999,000 | 36.1% | 45.9% |
| $1.0m – $1.999m | 47.6% | 36.5% |
| $2.0m plus | 11.6% | 10.4% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- March 2018 comparing January – March 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| > $450,000 | 2.4% | 6.5% |
| $451,000 – $650,000 | 16.0% | 11.6% |
| $651,000 – $999,000 | 37.1% | 47.4% |
| $1.0m – $1.999m | 36.5% | 28.0% |
| $2.0m plus | 8.0% | 6.5% |
REINZ Reported sales by price of Residential Sections.
January- March 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 1.8% | n/a |
| $200,000 – $299,000 | 5.5% | 6.2% |
| $300,000 – $499,000 | 18.5% | 43.7% |
| $500,000 – $749,000 | 53.8% | 9.4% |
| $750,000 – $999,000 | 5.6% | 25.0% |
| $1.0m – $2.0m | 14.8% | 15.7% |
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 Feb 2018.
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: Calendar Year to date- January & February 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan & Feb 2018 | Jan & Feb 2017 | Variance +/- |
| Residential Dwellings (RD) | 75 sales | 54 sales | +38.8% |
| RD Median Sell Price | $1,185,000 | $885,000 | +33.9% |
| Apartments (A) | 13 sales | 8 sales | +62.5% |
| A Median Sell Price | $660,000 | $382,000 | +72.7% |
| Units (U) | 18 sales | 17 sales | +5.8% |
| U Median Sell Price | $711,750 | $635,000 | +12.0% |
| Townhouses (TH) | 4 sales | 11 sales | -63.6% |
| TH Median Sell Price | $895,000 | $850,000 | +5.2% |
| Residential Sections (RS) | 41 sales | 17 sales | +141.1% |
| RS Median Sell Price | $605,000 | $525,000 | +15.2% |
| Rural (R) | 9 sales | 11 sales | -18.1% |
| R Median Sell Price | $2,141,250 | $1,625,000 | +31.7% |
| Total Sales Numbers | 160 sales | 118 sales | +35.5% |
| Value of Sales $ | $186,719,705 | $123,126,017 | +51.6% |
January & February 2017 comparing same period Year-to-date 2016:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $985,000. Sales above $1.0m represented 47.7% of all sales.
- 2017 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $805,000. Sales above $1.0m represented 28% of all sales.
REINZ Reported sales by price of Queenstown Residential Homes
January & February 2018 comparing January & February 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| Ø $450,000 | n/a | 3.7% |
| $451,000 – $650,000 | 2.6% | 1.8% |
| $651,000 – $999,000 | 37.5% | 53.7% |
| $1.0m – $1.999m | 46.6% | 31.4% |
| $2.0m plus | 13.3% | 9.4% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January & February 2018 comparing January & February 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| > $450,000 | 1.0% | 8.8% |
| $451,000 – $650,000 | 13.6% | 12.2% |
| $651,000 – $999,000 | 38.1% | 50.0% |
| $1.0m – $1.999m | 37.3% | 23.5% |
| $2.0m plus | 10.0% | 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.
Land For Sale
Executive Summary- Queenstown’s Real Estate Sales Calendar Year 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 – 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.
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
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
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
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.
