EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to June 2018.

/ 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: Calendar Year to date- January – June 2018 comparing 2017

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

Property Type Jan – June 2018 Jan – June 2017 Variance +/-
Residential Dwellings (RD) 213 sales  196 sales    +8.6 %
RD Median Sell Price $1,200,000 $992,500 +20.9 %
Apartments (A) 61 sales 39 sales  +56.4%
A Median Sell Price $521,099 $590,000  -11.6%
Units (U) 55 sales  48 sales   +14.5%
U Median Sell Price $710,000 $617,500 +14.9 %
Townhouses (TH) 31 sales 22 sales  +40.9%
TH Median Sell Price $895,652 $837,500    +6.9%
Residential Sections (RS) 84 sales  81 sales    +3.7 %
RS Median Sell Price $577,500 $525,000  +10.0%
Rural Dwellings (RD) 10 sales 18 sales  -44.4%
RD Median Sell Price $1,993,500 $2,625,000  -31.6%
Rural Blocks (RB) 17 sales  21 sales -19.0%
RB Median Sell Price $1,300,000 $1,250,000    +4.0%
Total Sales Numbers 472 sales  426 sales   +10.8%
Value of Sales $ $519,428,282 $489,852,759    +6.0%

 

January – June 2018 comparing same period Year-to-date 2017:

  • 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse)              $910,000. Sales above $1.0m represented 42.2% of all sales.
  • 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.

REINZ Reported sales by price of Queenstown Residential Homes

January – June 2018 comparing January – June 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
  $351,000 – $450,000   0.6%    2.0%
  $451,000 – $650,000   2.8%    2.0%
  $651,000 – $999,000 33.8% 46.4%
  $1.0m – $1.999m 47.8% 36.7%
  $2.0m plus 15.0% 12.9%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- June 2018 comparing January – June 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$350,000   3.0%   2.9%
  $351,000 – $450,000   3.8%   3.4%
  $451,000 – $650,000 13.8% 10.5%
  $651,000 – $999,000 36.9% 46.9%
  $1.0m –      $1.999m 32.8% 28.2%
  $2.0m plus   9.4%   8.1%

 

REINZ Reported sales by price of Residential Sections.

January- June 2018 comparing same period Year-to-date 2017

Price Band % of Total Sales 2018 % of Total Sales 2017
<$199,000   1.1%   1.2%
  $200,000 – $299,000   4.7% 11.1%
  $300,000 – $499,000 32.4% 34.5%
  $500,000 – $749,000 42.8% 12.4%
  $750,000 – $999,000   5.9% 21.0%
  $1.0m – $2.0m 13.1% 19.8%

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.

EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to May 2018.

/ 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: 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.

/ 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: 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.

/ 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: 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.

/ 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: 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.

/ 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.