REINZ Commentary—-“Sales volume for the Central Otago Lakes Region fell by 6% compared to October, with sales up 14% in Central but down 32% in Queenstown. Compared to November 2015 sales volume fell 16%, with sales falling 1% in Central and falling 36% in Queenstown. On a seasonally adjusted basis sales fell by 13% compared to October. The median price across the region rose $153,500 (+32%) compared to November 2015, with prices rising 69% in Queenstown and 14% in Central. Compared to October, the median price fell $23,500 (-4%) with prices rising 11% in Central, but falling by $500 in Queenstown. On a seasonally adjusted basis the median price fell 3% compared to October.

The number of days to sell improved by five days compared to October, from 38 days in October to 33 days in November. Compared to November 2015 the number of days to sell improved by three days. Over the past 10 years the average number of days to sell in November across the region has been 44 days. The level of inventory now stands at 16 weeks, a drop of five weeks over the past 12 months.”

REINZ Regional Director, Gail Hudson commented that, “First home buyers continue to sit on the side-lines in both Queenstown and Central with fewer investors active also. Numbers at open homes have also declined indicating an overall slowdown in the market. As a result inventory levels have improved offering more choice to the buyers that are active.”

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 2016 comparing 2015

□ Report compares aggregated sales for the calendar year 2016 v 2015

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

Property Type	Jan- Nov 2016	Jan– Nov 2015	Variance +/-
Residential Dwellings (RD)	472 ales	418	+12.9%
RD Median Sell Price	$937,000	$735,000	+27.4%
Apartments (A)	100 sales	108 sales	-7.4%
A Median Sell Price	$540,000	$425,500	+26.9%
Units (U)	102 sales	108 sales	-5.5%
U Median Sell Price	$613,500	$490,000	+25.2%
Townhouses (TH)	52 sales	37 sales	+40.4%
TH Median Sell Price	$650,000	$660,000	-1.5%
Residential Sections (RS)	345 sales	224 sales	+54.0%
RS Median Sell Price	$343,332	$270,000	+27.1%
Rural (R)	78 sales	63 sales	+23.8%
R Median Sell Price	$1,325,000	$860,000	+54.0%
Total Sales Numbers	1149 sales	958 sales	+19.9%
Value of Sales $	$955,449,725	$668,635,923	+42.9%

January – November 2016 comparing same period Year-to-date 2015:

• 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.
• 2015 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $635,000. Sales above $1.0m represented 16.6% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January- November 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	0.2%	5.45%
$351,000 – $450,000	1.9%	8.2%
$451,000 – $650,000	4.8%	23.7%
$651,000 – $999,000	48.3%	40.1%
$1.0m – $1.999m	36.0%	19.1%
$2.0m plus	8.8%	3.5%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- November 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	4.8%	11.2%
$351,000 – $450,000	3.8%	13.7%
$451,000 – $650,000	16.9%	25.5%
$651,000 – $999,000	41.4%	30.8%
$1.0m –      $1.999m	27.0%	14.3%
$2.0m plus	6.1%	2.5%

REINZ Reported sales by price of Residential Sections.

January- November 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$199,000	1.4%	20.5%
$200,000 – $299,000	39.7 %	37.1%
$300,000 – $499,000	33.9%	19.7%
$500,000 – $749,000	11.6%	9.8%
$750,000 – $999,000	6.9%	8.9%
$1.0m – $2.0m	6.5%	4.0%

 Data Source: REINZ. Private & Developer direct sales data not included.

50A Elm Tree Avenue, Frankton: For Sale

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.

 

REINZ Commentary—- Sales volume for the Central Otago Lakes Region rose by 7% compared to September, with sales up 14% in Central but down 1% in Queenstown. Compared to October 2015 sales volume fell 10%, with sales falling 15% in Central and 3% in Queenstown. On a seasonally adjusted basis sales fell by 1% in October.

The median price across the region rose $194,000 (+42%) compared to October 2015, with prices rising 48% in Queenstown and 10% in Central. Compared to September, the median price fell $35,500 (-5%) with prices rising 10% in Queenstown, but falling 17% in Central.

The number of days to sell eased by five days compared to September, from 33 days in September to 38 days in October. Compared to October 2015 the number of days to sell eased by seven days. Over the past 10 years the average number of days to sell in October across the region has been 52 days.

REINZ Regional Director Gail Hudson commented that, “First home buyers have stepped to the sidelines in light of the new LVR rules coming into play, however, other parts of the market appear to be functioning well. Overall the market appears to be steady with no firm direction either way.”

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 2016 comparing 2015

□ Report compares aggregated sales for the calendar year 2016 v 2015

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

Property Type	Jan- Oct 2016	Jan– Oct 2015	Variance +/-
Residential Dwellings (RD)	444 sales	370 sales	+20.0%
RD Median Sell Price	$935,000	$735,500	+27.1%
Apartments (A)	91 sales	96 sales	-5.2%
A Median Sell Price	$525,000	$425,500	+23.8%
Units (U)	98 sales	102 sales	-3.9%
U Median Sell Price	$609,000	$490,000	+40.8%
Townhouses (TH)	47 sales	32 sales	+46.8%
TH Median Sell Price	$650,000	$622,500	+4.4%
Residential Sections (RS)	334 sales	210 sales	+59.0%
RS Median Sell Price	$330,125	$263,000	+25.5%
Rural (R)	70 sales	54 sales	+29.6%
R Median Sell Price	$1,275,000	$870,000	+46.5%
Total Sales Numbers	1084 sales	864 sales	+25.4%
Value of Sales $	$944,773,875	$601,777,666	+57.0%

 

January – October 2016 comparing same period Year-to-date 2015:

• 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.
• 2015 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse)                     $637,500. Sales above $1.0m represented 16.1% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January- October 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	0.2%	5.1%
$351,000 – $450,000	2.0%	5.6%
$451,000 – $650,000	5.1%	25.3%
$651,000 – $999,000	48.8%	41.8%
$1.0m – $1.999m	35.5%	18.5%
$2.0m plus	8.4%	3.7%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- October 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	5.1%	10.6%
$351,000 – $450,000	4.1%	12.5%
$451,000 – $650,000	16.7%	28.8%
$651,000 – $999,000	41.8%	31.8%
$1.0m –      $1.999m	26.5%	13.7%
$2.0m plus	5.8%	2.6%

 

REINZ Reported sales by price of Residential Sections.

January- October 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$199,000	1.5%	20.9%
$200,000 – $299,000	40.8%	39.2%
$300,000 – $499,000	33.9%	20.0%
$500,000 – $749,000	10.8 %	7.6%
$750,000 – $999,000	7.0%	8.5%
$1.0m – $2.0m	6.0%	3.8%

 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.

REINZ Commentary—-“Sales volume for the Central Otago Lakes Region rose by 11% compared to September 2015, with sales up 26% in Queenstown but flat in Central. Compared to August 2016, sales volume rose 7%, with sales rising 26% in Central but falling 9% in Queenstown. On a seasonally adjusted basis sales rose by 3% in September.

The median price across the region rose $202,000 (+41%) compared to September 2015, with prices rising 43% in Central and 21% in Queenstown.

The number of days to sell improved by one day compared to August, from 34 days in August to 33 days in September. Compared to September 2015 the number of days to sell improved by 10 days. Over the past 10 years the average number of days to sell in September across the region has been 58 days. The level of inventory now stands at 16 weeks, a drop of 47% over the past year.

REINZ Regional Director Gail Hudson commented that, “Investors have withdrawn from the market in part, along with buyers at the lower end of the market with the introduction of the new LVR restrictions. Despite this, the market remains active albeit not as strong as it has been in recent months.”

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 2016 comparing 2015

□ Report compares aggregated sales for the calendar year 2016 v 2015

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

Property Type	Jan- Sept 2016	Jan– Sept 2015	Variance +/-
Residential Dwellings (RD)	404 sales	316 sales	+27.8%
RD Median Sell Price	$921,000	$740,000	+24.4%
Apartments (A)	81 sales	92 sales	-11.9%
A Median Sell Price	$500,000	$426,750	+17.1%
Units (U)	83 sales	91 sales	-8.7%
U Median Sell Price	$600,000	$470,000	+27.6%
Townhouses (TH)	44 sales	31 sales	+41.9%
TH Median Sell Price	$650,000	$585,000	+11.1%
Residential Sections (RS)	321 sales	186 sales	+72.5%
RS Median Sell Price	$330,000	$260,000	+26.9%
Rural (R)	64 sales	48 sales	+33.3%
R Median Sell Price	$1,225,000	$870,000	+40.8%
Total Sales Numbers	995 sales	764 sales	+30.2%
Value of Sales $	$852,521,575	$533,929,571	+59.6%

January – September 2016 comparing same period Year-to-date 2015:

• 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.
• 2015 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse)                     $645,000. Sales above $1.0m represented 16.0% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January- September 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	0.2%	4.8%
$351,000 – $450,000	2.2%	2.6 %
$451,000 – $650,000	5.4%	26.3%
$651,000 – $999,000	49.8%	43.6 %
$1.0m – $1.999m	34.7%	19.9%
$2.0m plus	7.7%	3.1%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- September 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	5.2%	10.7%
$351,000 – $450,000	4.4%	11.5%
$451,000 – $650,000	17.1%	29.3%
$651,000 – $999,000	42.0%	32.4%
$1.0m –      $1.999m	25.9%	13.7%
$2.0m plus	5.4%	2.4%

REINZ Reported sales by price of Residential Sections.

January- September 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$199,000	0.6%	23.2%
$200,000 – $299,000	42.0%	38.2%
$300,000 – $499,000	34.6%	19.4%
$500,000 – $749,000	10.0%	8.0%
$750,000 – $999,000	6.8%	8.0%
$1.0m – $2.0m	6.0%	3.2%

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.

REINZ Regional Director, Gail Hudson- “Sales volume for the Central Otago Lakes Region rose by 26% compared to April 2015 to reach a new all-time record high; the first region to hit a new volume since March 2007.

The Median price across the region rose $134,250 (+25%) compared to April 2015, with prices rising 31% in Queenstown and 17% in Central.

The number of days to sell eased by five days compared to March 2016, from 31-days to in March to 36-days in April 2016.

The market continues to be very strong, with a dramatic lift in the median sell price in March being bedded in in during April. The listing situation across the region remains tight with a 44% drop in inventory over the past 12-months.”

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 2016 comparing 2015

□ Report compares aggregated sales for the calendar year 2016 v 2015

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

Property Type	Jan –Apr 2016	Jan –Apr 2015	Variance +/-
Residential Dwellings (RD)	181 sales	151 sales	+19.8%
RD Median Sell Price	$915,000	$689,000	+32.8%
Apartments (A)	30 sales	34 sales	-11.7%
A Median Sell Price	$500,000	$420,000	+19.0%
Units (U)	31 sales	39 sales	-20.5%
U Median Sell Price	$565,000	$460,000	+22.8%
Townhouses (TH)	15 sales	23 sales	-34.7%
TH Median Sell Price	$654,000	$568,500	+15.0%
Residential Sections (RS)	96 sales	48 sales	+100.0%
RS Median Sell Price	$385,000	$250,900	+53.4%
Rural (R)	27 sales	19 sales	+42.1%
R Median Sell Price	$1,300,000	$940,000	+38.3%
Total Sales Numbers	380 sales	314 sales	+21.0%
Value of Sales $	$327,860,682	$223,321,597	+46.8%

January & April 2016 comparing same period Year-to-date 2015:

• 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $830,000. Sales above $1.0m represented 32.6% of all sales.
• 2015 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $612,300. Sales above $1.0m represented 13.3% of all sales.

 

REINZ Reported sales by price of Queenstown Residential Homes

January- April 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000		4.6%
$351,000 – $450,000	1.6%	3.3%
$451,000 – $650,000	6.0%	31.2%
$651,000 – $999,000	49.8%	41.7%
$1.0m – $1.999m	38.8%	16.6%
$2.0m plus	3.8%	2.6%

 

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- April 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	8.3%	9.4%
$351,000 – $450,000	3.0%	13.3%
$451,000 – $650,000	15.1%	31.5%
$651,000 – $999,000	41.6%	32.5%
$1.0m –      $1.999m	28.9%	11.3%
$2.0m plus	3.1%	2.0%

REINZ Reported sales by price of Residential Sections.

January- April 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$199,000	5.2%	35.4%
$200,000 – $299,000	20.9%	22.9%
$300,000 – $499,000	41.6%	18.7%
$500,000 – $749,000	16.7%	4.3%
$750,000 – $999,000	8.4%	14.6%
$1.0m – $2.0m	7.2%	4.1%

 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.

REINZ Regional Director, Gail Hudson commented that –“Sales volume for Central Otago Lakes Region rose 5% compared to March 2015, with sales rising 21% in Queenstown but falling 8% in Central. Sales for the region were the highest for March since 2002, fourteen years ago. The number of days to sell across the region improved from 41-days in February to 31-days in March. Over the past 10 years the average number of sell days in March across the region has been 56-days.

The Central Otago Lakes region has seen a significant lift in the median sell price, especially for Queenstown, where the median sell price has risen $175,000 over the past 12-months, along with a 21% increase in the number of sales.”

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- March 2016 comparing 2015

□ Report compares aggregated sales for the calendar year 2016 v 2015

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

Property Type	Jan –Mar 2016	Jan –Mar 2015	Variance +/-
Residential Dwellings (RD)	116 sales	108 sales	+7.4%
RD Median Sell Price	$906,000	$682,900	+32.6%
Apartments (A)	21 sales	27 sales	-22.2%
A Median Sell Price	$487,000	$425,000	+14.5%
Units (U)	25 sales	30 sales	-16.6%
U Median Sell Price	$550,000	$440,000	+25.0%
Townhouses (TH)	13 sales	18 sales	-27.7%
TH Median Sell Price	$654,000	$614,250	+6.4%
Residential Sections (RS)	74 sales	36 sales	+105.5%
RS Median Sell Price	$387,500	$223,500	+73.8%
Rural (R)	16 sales	16 sales	n/c
R Median Sell Price	$1,312,500	$775,000	+69.3%
Total Sales Numbers	265  sales	235 sales	+12.7%
Value of Sales $	$215,325,756	$156,704,750	+37.4%

January & March 2016 comparing same period Year-to-date 2015:

• 2016 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $800,000. Sales above $1.0m represented 30.8% of all sales.
• 2015 YTD median sell price residential dwellings all types (home, unit, apartment, townhouse) $598,000. Sales above $1.0m represented 13.1% of all sales.

 REINZ Reported sales by price of Queenstown Residential Homes

January- March 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	–	5.5%
$351,000 – $450,000	2.5%	2.8%
$451,000 – $650,000	6.8%	33.3%
$651,000 – $999,000	48.4%	38.9%
$1.0m – $1.999m	39.8%	17.7%
$2.0m plus	2.5%	1.8%

REINZ Reported sales by price covering all property types —

(Homes, Units, Apartments and Townhouses).

January- March 2016 comparing same period Year-to-date 2015

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$350,000	8.0%	9.8%
$351,000 – $450,000	4.0%	15.9%
$451,000 – $650,000	16.0%	31.3%
$651,000 – $999,000	41.3%	30.0%
$1.0m –      $1.999m	29.0%	12.0%
$2.0m plus	1.7%	1.0%

REINZ Reported sales by price of Residential Sections.

January- March 2016 comparing same period Year-to-date 2015\

Price Band	% of Total Sales 2016	% of Total Sales 2015
<$199,000	5.4%	44.4%
$200,000 – $299,000	21.6%	19.6%
$300,000 – $499,000	37.8%	13.8%
$500,000 – $749,000	21.8%	5.7%
$750,000 – $999,000	9.4%	13.8%
$1.0m – $2.0m	4.0%	2.7%

 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.