Earlier in the week I reviewed the number of rental properties marketed online for let in Invercargill with that number being circa 61. Our property management team considered this low level of availability remains well below appropriate stock levels to respond to current market demand. The other characteristic is property rents at / +$400 per week are challenge to connect with prospective tenants.
This STUFF news article overnight supports our understanding of the current market.
“The average rental price in Southland has hit a new record of $300 but the reality is people are paying closer to $400 a week.”
Read more: http://ow.ly/NaAo50u5B69
EXECUTIVE SUMMARY: QUEENSTOWN’S REAL ESTATE SALES- Calendar Year to December 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 – December 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – Dec 2018 | Jan – Dec 2017 | Variance +/- |
| Residential Dwellings (RD) | 402 sales | 378 sales | +6.35% |
| RD Median Sell Price | $1,172,500 | $1,050,000 | +11.6% |
| Apartments (A) | 103 sales | 80 sales | +28.7% |
| A Median Sell Price | $605,000 | $629,500 | -3.8% |
| Units (U) | 104 sales | 76 sales | +36.8% |
| U Median Sell Price | $710,000 | $672,000 | +5.6% |
| Townhouses (TH) | 44 sales | 38 sales | +15.7% |
| TH Median Sell Price | $950,000 | $877,500 | +8.2% |
| Residential Sections (RS) | 167 sales | 265 sales | -36.9% |
| RS Median Sell Price | $599,000 | $374,000 | +60.1% |
| Rural Dwellings (RD) | 19 sales | 23 sales | -17.3% |
| RD Median Sell Price | $2,185,000 | $2,700,000 | -19.0% |
| Rural Blocks (RB) | 45 sales | 38 sales | +18.4% |
| RB Median Sell Price | $1,387,500 | $1,350,000 | +2.7% |
| Total Sales Numbers | 884 sales | 898 sales | -1.56% |
| Value of Sales $ | $1,035,488,624 | $973,467,385 | +6.3% |
January – December 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $955,000. Sales above $1.0m represented 44.4% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – December 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| $351,000 – $450,000 | 0.2% | 1.3% |
| $451,000 – $650,000 | 2.7% | 3.4% |
| $651,000 – $999,000 | 34.8 % | 42.8% |
| $1.0m – $1.999m | 47.4% | 37.0% |
| $2.0m plus | 14.9% | 15.4% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- December 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$350,000 | 2.8% | 2.4% |
| $351,000 – $450,000 | 2.8% | 3.2% |
| $451,000 – $650,000 | 11.3% | 10.7% |
| $651,000 – $999,000 | 38.6% | 43.1% |
| $1.0m – $1.999m | 34.5% | 29.9% |
| $2.0m plus | 10.0% | 10.7% |
REINZ Reported sales by price of Residential Sections.
January- December 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 0.6% | 5.2% |
| $200,000 – $299,000 | 3.0% | 34.0% |
| $300,000 – $499,000 | 32.9% | 25.7% |
| $500,000 – $749,000 | 37.1% | 14.3% |
| $750,000 – $999,000 | 7.2% | 9.8% |
| $1.0m – $2.0m | 19.2% | 11.0% |
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 November 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 – November 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – Nov 2018 | Jan – Nov 2017 | Variance +/- |
| Residential Dwellings (RD) | 382 sales | 348 sales | +9.7% |
| RD Median Sell Price | $1,175,000 | $1,050,000 | +11.9% |
| Apartments (A) | 100 sales | 70 sales | +42.8% |
| A Median Sell Price | $595,000 | $605,500 | -1.7% |
| Units (U) | 99 sales | 70 sales | +41.3% |
| U Median Sell Price | $710,000 | $677,500 | +4.8% |
| Townhouses (TH) | 44 sales | 35 sales | +25.7% |
| TH Median Sell Price | $950,000 | $880,000 | +7.9% |
| Residential Sections (RS) | 159 sales | 247 sales | -35.6% |
| RS Median Sell Price | $599,000 | $345,000 | +73.6% |
| Rural Dwellings (RD) | 17 sales | 23 sales | -26.0% |
| RD Median Sell Price | $2,189,500 | $2,920,000 | -25.0% |
| Rural Blocks (RB) | 41 sales | 34 sales | +20.5% |
| RB Median Sell Price | $1,550,000 | $1,327,500 | +16.7% |
| Total Sales Numbers | 842 sales | 828 sales | +1.6% |
| Value of Sales $ | $985,374,178 | $899,791,182 | +9.5% |
January – November 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 44.1% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – November 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| $351,000 – $450,000 | 0.2% | 1.4% |
| $451,000 – $650,000 | 2.6% | 3.4% |
| $651,000 – $999,000 | 34.9% | 42.5% |
| $1.0m – $1.999m | 47.2% | 36.8% |
| $2.0m plus | 15.1% | 15.9% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- November 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$350,000 | 2.8% | 2.6% |
| $351,000 – $450,000 | 2.8% | 3.0% |
| $451,000 – $650,000 | 11.6% | 10.1% |
| $651,000 – $999,000 | 38.6% | 43.6% |
| $1.0m – $1.999m | 34.2% | 29.8% |
| $2.0m plus | 10.0% | 10.9% |
REINZ Reported sales by price of Residential Sections.
January- November 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 0.6% | 5.6% |
| $200,000 – $299,000 | 3.2% | 36.0% |
| $300,000 – $499,000 | 32.1% | 26.0% |
| $500,000 – $749,000 | 37.2% | 11.2% |
| $750,000 – $999,000 | 7.5% | 10.6% |
| $1.0m – $2.0m | 19.4% | 10.6% |
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 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 – October 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – Oct 2018 | Jan – Oct 2017 | Variance +/- |
| Residential Dwellings (RD) | 341 sales | 316 sales | +7.9% |
| RD Median Sell Price | $1,175,000 | $1,050,000 | +11.9% |
| Apartments (A) | 93 sales | 57 sales | +63.1% |
| A Median Sell Price | $535,000 | $590,000 | -9.3 % |
| Units (U) | 88 sales | 67 sales | +31.3% |
| U Median Sell Price | $710,000 | $680,000 | +4.4 % |
| Townhouses (TH) | 36 sales | 33 sales | +9.0% |
| TH Median Sell Price | $885,326 | $900,000 | -1.6% |
| Residential Sections (RS) | 139 sales | 242 sales | -42.5 % |
| RS Median Sell Price | $600,000 | $342,500 | +75.1% |
| Rural Dwellings (RD) | 14 sales | 22 sales | -36.3 % |
| RD Median Sell Price | $2,167,625 | $2,625,000 | -17.4% |
| Rural Blocks (RB) | 40 sales | 31 sales | +29.0% |
| RB Median Sell Price | $1,592,500 | $1,500,000 | +6.1% |
| Total Sales Numbers | 751 sales | 768 sales | -2.2% |
| Value of Sales $ | $885,647,178 | $830,466,850 | +6.4% |
January – October 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $936,500. Sales above $1.0m represented 44.4% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – October 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| $351,000 – $450,000 | 0.2% | 1.5% |
| $451,000 – $650,000 | 2.6% | 3.6% |
| $651,000 – $999,000 | 34.4% | 43.0% |
| $1.0m – $1.999m | 46.9% | 36.0% |
| $2.0m plus | 15.9% | 15.9% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- October 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$350,000 | 3.2% | 2.7% |
| $351,000 – $450,000 | 3.2% | 3.0% |
| $451,000 – $650,000 | 12.6% | 10.4% |
| $651,000 – $999,000 | 36.7% | 43.5% |
| $1.0m – $1.999m | 34.0% | 29.5% |
| $2.0m plus | 10.3% | 10.9% |
REINZ Reported sales by price of Residential Sections.
January- October 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 0.7% | 4.9% |
| $200,000 – $299,000 | 3.6% | 36.7% |
| $300,000 – $499,000 | 31.6% | 26.4% |
| $500,000 – $749,000 | 36.8% | 11.2% |
| $750,000 – $999,000 | 7.2% | 10.4% |
| $1.0m – $2.0m | 20.1% | 10.4% |
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 September 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 – September 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – Sept 2018 | Jan – Sept 2017 | Variance +/- |
| Residential Dwellings (RD) | 292 sales | 284 sales | +2.8% |
| RD Median Sell Price | $1,162,500 | $1,040,000 | +11.7% |
| Apartments (A) | 84 sales | 54 sales | +55.5% |
| A Median Sell Price | $529,500 | $587,500 | -9.8% |
| Units (U) | 82 sales | 63 sales | +30.1% |
| U Median Sell Price | $710,000 | $695,000 | +2.1% |
| Townhouses (TH) | 34 sales | 31 sales | +9.6% |
| TH Median Sell Price | $885,326 | $900,000 | -1.6% |
| Residential Sections (RS) | 121 sales | 205 sales | -40.9% |
| RS Median Sell Price | $575,000 | $360,000 | +59.7% |
| Rural Dwellings (RD) | 12 sales | 21 sales | -42.8% |
| RD Median Sell Price | $2,070,625 | $2,550,000 | -18.8% |
| Rural Blocks (RB) | 28 sales | 29 sales | -3.4% |
| RB Median Sell Price | $1,325,000 | $1,350,000 | -1.8% |
| Total Sales Numbers | 653 sales | 687 sales | -4.9% |
| Value of Sales $ | $739,678,750 | $740,878,351 | – 0.1% |
January – September 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $931,500. Sales above $1.0m represented 43.2% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – September 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| $351,000 – $450,000 | n/a | 1.7% |
| $451,000 – $650,000 | 2.7% | 3.8% |
| $651,000 – $999,000 | 35.2% | 43.0% |
| $1.0m – $1.999m | 47.2% | 36.6% |
| $2.0m plus | 14.7% | 15.1% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- September 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$350,000 | 3.4% | 3.0% |
| $351,000 – $450,000 | 3.4% | 3.4% |
| $451,000 – $650,000 | 12.0% | 11.0% |
| $651,000 – $999,000 | 37.9% | 43.2% |
| $1.0m – $1.999m | 34.0% | 29.3% |
| $2.0m plus | 9.3% | 10.1% |
REINZ Reported sales by price of Residential Sections.
January- September 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 0.8% | 0.4% |
| $200,000 – $299,000 | 4.1% | 38.5% |
| $300,000 – $499,000 | 32.2% | 27.8% |
| $500,000 – $749,000 | 38.8% | 10.7% |
| $750,000 – $999,000 | 6.6% | 12.1% |
| $1.0m – $2.0m | 17.5% | 10.4% |
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.
Jack’s Point Property Sales Update as at September 2018
Total eight REINZ reported sales across Jack’s Point for the month of September 2018 (x6 sections / x2 homes).
Jack’s Point Home Sales:
x41 REINZ reported homes sales across Jack’s Point October 2017 – September 2018 median sell price $1,305,000
Median Price last 12 months 3 bed homes: $1,102,500 (58.5%)
Median Price last 12 months 4 bed homes: $1,416,250 (39%)
Median Price last 12 months 5 bed homes: $1,375,000 (1 sale/ 2.5%)
Jack’s Point Land Sales:
REINZ Reported lot sales across Jack’s Point October 2017 / September 2018
x49 -sales with median sell price of $470,000 / Median sell price most recent 3-months $502,500
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.
Jack’s Point Property Sales Update to August 2018
Total nine REINZ reported sales across Jack’s Point for the month of August (x5 sections / x4 homes).
Jack’s Point Home Sales:
x41 REINZ reported homes sales across Jack’s Point September 2017 – August 2018 median sell price $1,305,000
Median Price last 12 months 3 bed homes: $1,050,000 (53.6%)
Median Price last 12 months 4 bed homes: $1,416,250,000 (43.9%)
Median Price last 12 months 5 bed homes: $1,375,000 (1 sale/ 2.5%)
Jack’s Point Land Sales:
REINZ Reported lot sales across Jack’s Point September 2017 / August 2018
x46 -sales with median sell price of $453,750 / Median sell price 2018 Y.T.D: $467,250
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 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 – August 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – August 2018 | Jan – August 2017 | Variance +/- |
| Residential Dwellings (RD) | 275 sales | 261 sales | +5.3% |
| RD Median Sell Price | $1,150,000 | $1.0m | +15.0% |
| Apartments (A) | 79 sales | 46 sales | +71.7% |
| A Median Sell Price | $529,000 | $579,500 | -8.7% |
| Units (U) | 77 sales | 57 sales | +35.0% |
| U Median Sell Price | $710,000 | $695,000 | + 2.1% |
| Townhouses (TH) | 33 sales | 29 sales | +13.7% |
| TH Median Sell Price | $895,652 | $900,000 | -0.4% |
| Residential Sections (RS) | 109 sales | 119 sales | -8.4% |
| RS Median Sell Price | $580,000 | $495,652 | +17.0% |
| Rural Dwellings (RD) | 11 sales | 20 sales | -45.0% |
| RD Median Sell Price | $2.0M | $2,625,000 | -23.8% |
| Rural Blocks (RB) | 25 sales | 26 sales | -3.8% |
| RB Median Sell Price | $1,325,000 | $1,312,500 | -0.9% |
| Total Sales Numbers | 609 sales | 558 sales | +9.1% |
| Value of Sales $ | $681,273,466 | $634,287,987 | +7.4% |
January – August 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $922,500. Sales above $1.0m represented 42.6% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – August 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| $351,000 – $450,000 | 0.3% | 1.9% |
| $451,000 – $650,000 | 2.5% | 3.8% |
| $651,000 – $999,000 | 36.0% | 44.0% |
| $1.0m – $1.999m | 46.5% | 36.0% |
| $2.0m plus | 14.7% | 14.3% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- August 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$350,000 | 3.6% | 3.3% |
| $351,000 – $450,000 | 3.4% | 3.0% |
| $451,000 – $650,000 | 12.0% | 11.0% |
| $651,000 – $999,000 | 38.2% | 44.0% |
| $1.0m – $1.999m | 33.5% | 29.3% |
| $2.0m plus | 9.3% | 9.4% |
REINZ Reported sales by price of Residential Sections.
January- August 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 0.9% | 0.8% |
| $200,000 – $299,000 | 4.5% | 12.6% |
| $300,000 – $499,000 | 31.1 % | 37.0% |
| $500,000 – $749,000 | 39.6% | 15.1% |
| $750,000 – $999,000 | 7.4% | 19.3% |
| $1.0m – $2.0m | 16.5% | 15.2% |
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 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 – July 2018 comparing 2017
□ REINZ reported sales. Private / Developer direct sales not included.
| Property Type | Jan – July 2018 | Jan – July 2017 | Variance +/- |
| Residential Dwellings (RD) | 251 sales | 226 sales | +11.0% |
| RD Median Sell Price | $1,175,000 | $992,500 | +18.3% |
| Apartments (A) | 68 sales | 42 sales | +61.9% |
| A Median Sell Price | $514,250 | $587,500 | -12.4% |
| Units (U) | 60 sales | 50 sales | +20.0% |
| U Median Sell Price | $710,000 | $687,500 | +3.2% |
| Townhouses (TH) | 31 sales | 25 sales | +24.0% |
| TH Median Sell Price | $895,652 | $875,000 | +2.3% |
| Residential Sections (RS) | 97 sales | 101 sales | -3.9% |
| RS Median Sell Price | $580,000 | $495,652 | +17.0% |
| Rural Dwellings (RD) | 11 sales | 18 sales | -38.8% |
| RD Median Sell Price | $2.0m | $2,625,000 | -23.8% |
| Rural Blocks (RB) | 25 sales | 24 sales | +4.1% |
| RB Median Sell Price | $1,325,000 | $1,290,000 | +2.7% |
| Total Sales Numbers | 543 sales | 486 sales | +11.7% |
| Value of Sales $ | $599,467,055 | $551,228,459 | +8.7% |
January – July 2018 comparing same period Year-to-date 2017:
- 2018 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $918,500. Sales above $1.0m represented 42.4% of all sales.
- 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.
REINZ Reported sales by price of Queenstown Residential Homes
January – July 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| $351,000 – $450,000 | 0.4% | 2.2% |
| $451,000 – $650,000 | 2.4% | 3.5% |
| $651,000 – $999,000 | 35.8% | 44.7% |
| $1.0m – $1.999m | 46.2% | 36.8% |
| $2.0m plus | 15.2% | 12.8% |
REINZ Reported sales by price covering all property types —
(Homes, Units, Apartments and Townhouses).
January- July 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$350,000 | 3.6% | 2.9% |
| $351,000 – $450,000 | 3.9% | 3.4% |
| $451,000 – $650,000 | 12.2% | 10.8% |
| $651,000 – $999,000 | 37.9% | 45.5% |
| $1.0m – $1.999m | 32.7% | 28.9% |
| $2.0m plus | 9.7% | 8.5% |
REINZ Reported sales by price of Residential Sections.
January- July 2018 comparing same period Year-to-date 2017
| Price Band | % of Total Sales 2018 | % of Total Sales 2017 |
| <$199,000 | 1.0% | 0.9% |
| $200,000 – $299,000 | 5.0% | 8.9% |
| $300,000 – $499,000 | 31.0% | 38.7% |
| $500,000 – $749,000 | 41.2% | 15.8% |
| $750,000 – $999,000 | 7.3% | 19.8% |
| $1.0m – $2.0m | 14.5% | 15.9% |
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.
Jack’s Point Property Sales Update
What’s up at Jack’s Point? Well plenty really if one considers the impressive 15 REINZ reported sales across Jack’s Point in the latest data release for the month of June (3 home sales and 12 vacant land sales). Interestingly in a recent presentation by property portal Realestate.co.nz they identified that beyond the generic ‘Queenstown’ suburb search ‘Jack’s Point’ was number two and current location focus for buyers and reflected by the unconditional sales reported last month.
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.
Jack’s Point Home Sale
x36 REINZ reported homes sales across Jack’s Point July 2017 – June 2018 median sell price $1,325,000
- Median Price last 12 months 3 bed homes $1,130,000 (44.4%)
- Median Price last 12 months 4 bed homes $1,395,000 (56.25%)
- Median Price last 12 months 5 bed homes $1,375,000 (1 sale/ 2.9%)
Jack’s Point Land Sales:
x38- REINZ reported lot sales across Jack’s Point July 2017-June 2018 with median sell price of $439,500. Median sell Price 2018 YTD $461,250
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.
