Wellington Property Investors' Association

04 472 9877 answerph

wellington@nzpif.org.nz

News & Updates

Recent updates

14-10-2009

REINZ regional highlights - September 2009

Landlords.co.nz

The latest figures from the Real Estate Institute of New Zealand (REINZ) show slow and steady improvement throughout the country. To find out what's happening with sales prices and turnover in the main regions, use the links in the story below.

To view your region quickly, use the links below:

Northland

In total, 139 houses sold in Northland in September (August 2009: 126; September 2008: 104). The median price decreased to $285,000 from $295,000 in August (September 2008: $297,500).

There were 26 houses sold in the Whangarei County area (August 2009: 14; September 2008: 19). The median price decreased to $380,000 from $458,000 in August (September 2008: $375,000).

In Whangarei City, 61 houses sold in September, down from 69 in August 2009 (September 2008: 51). The median was up at $270,000 (August 2009: $262,000; September 2008: $275,000).

Auckland

The median house price in Auckland was up at $455,000 in September (August 2009: $450,000 September 2008: $420,000). 2,355 houses sold in September, compared with 2,067 sold in August (September 2008: 1,425).

The median sale price for a North Shore City home increased to $555,000 in September. (August 2009: $537,500; September 2008: $508,500). 407 houses sold during the month, down on the 426 sold in August 2009. (September 2008: 246).

Sales volume was up in Waitakere City in September with 330 sold (August 2009: 258; September 2008: 184). The median price decreased to $362,500 (August 2009: $374,000; September 2008: $360,000).

The median price for an Auckland City house increased to $516,500 in September (August 2009: $500,000 and September 2008: $450,000). 813 houses sold in September, up on the 662 sold in August 2009 (September 2008: 469).

There were 483 houses sold in Manukau City in September (August 2009: 406; September 2008: 298). The median price was up at $450,500 from $439,500 in August (September 2008: $397,000).

The number of sales in Papakura was up with 82 houses sold in September 2009. (August 2009: 61; September 2008: 47). The median price was down at $321,000 (August 2009: $360,000; September 2008: $293,500).

The median price for a Metropolitan Auckland house was up at $462,500 in September, from $460,000 in August (September 2008: $425,000). 2,115 houses sold (August 2009: 1,813; September 2008: 1,244).

In the Rodney District, 118 houses sold, down from the 132 sold in August (September 2008: 97). The median price was up at $450,000, from $437,500 in August (September 2008: $440,000).

The median price for a Franklin District home was up at $375,500 in September, from $360,000 in August (September 2008: $365,000). 66 houses sold, up on the 57 sales in August 2009 (September 2008: 52).

There were 56 houses sold in Thames/Coromandel in September, down from the 65 sales in August (September 2008: 32). The median price remained at $355,000 (September 2008: $349,000).

The median price for an Outer Auckland home was up at $405,250 in September, from $395,000 in August (September 2008: $405,000). Sales volume was down with 240 houses sold, compared with the 254 sold in August (September 2008: 181). 

Waikato/Bay of Plenty/Gisborne

The median price for a house in the Waikato/Bay of Plenty/Gisborne district decreased to $315,000 in September (August 2009: $317,500; September 2008: $314,350). 898 houses sold, a decrease on the 796 sold in August 2009 (September 2008: 632).

Sales were up in Waikato Country in September with 178 houses sold (August 2009: 133; September 2008: 108). The median price was down at $250,000 (August 2009: $260,000; September 2008: $253,500).

The median price for a Hamilton City house decreased to $319,000 in September. (August 2009: $336,500; September 2008: $330,000). Sales volume was up, with 247 houses sold in September 2009 (August 2009: 223; September 2008: 168).

Sales volume was up in Western Bay of Plenty Country with 53 houses sold, an increase on the 51 sold in August. The median price increased to $385,000 from $345,000 in August. In September 2008, 37 houses sold with a median sale price of $344,000.

The median price for a house in Mt Maunganui/Papamoa decreased to $378,000 in September, from $395,000 in August (September 2008: $412,500). 81 houses sold, up on the 75 sold in August 2009 (September 2008: 56).

There were 130 houses sold in Tauranga in September, up on the 78 sold in August (September 2008: 100). The median price was up at $354,000 (August 2009: $340,000; September 2008: $334,350).

Rotorua's median price increased to $269,000 in September, from $256,000 in August (September 2008: $257,500). Seventy-seven houses sold, staying almost the same as the 76 sold in August (September 2008: 60).

In Taupo 45 houses sold in September, down on the 52 in August (September 2008: 26). The median price decreased to $315,000 in September from $357,500 in August (September 2008: $419,000).

The median price for a King Country home rose sharply to $210,000 in September (August 2009: $78,000; September 2008: $175,000). There were 13 houses sold, similar to August at 15 (September 2008: nine).

The median price for a Gisborne City home decreased to $257,500 from $280,000 in August (September 2008: $215,000). Sales volume was down with 42 houses sold, compared with the 32 sold in August (September 2008: 37).

The median price for a house in Eastern Bay of Plenty Country increased to $277,650 in September, up from $257,500 in August (September 2008: $270,000). 31 houses sold; a marked decrease in numbers from the 60 sold in August. 28 sold in September 2008.

Hawke's Bay

Sales volume was down in the Hawke's Bay in September with 235 houses sold (August 2009: 213; September 2008: 144). The median price increased to $265,000 (August 2009: $253,000; September 2008: $271,742).

The median price for a house in Napier City increased to $280,500 in September (August 2009: $268,000; September 2008: $282,500). 110 houses sold in September (August 2009: 93; September 2008: 42).

Eighty-six houses sold in Hastings City in September 2009, up from 79 in August 2009 (September 2008: 68). The median price was up at $268,000 from $255,000 in August (September 2008: $255,500).

Hawke's Bay Country's median price rose to $260,000 in September, from $193,000 in August (September 2008: $360,000). There were 13 homes sold in September (August 2009: 14; September 2008: 18).

Manawatu/Wanganui

The median price for a house in the Manawatu/Wanganui district was up at $225,250 in September (August 2009: $210,000; September 2008: $225,000). 286 houses sold in September, down on the 298 sold in August (September 2008: 234).

The median sale price for a house in Palmerston North City increased to $290,000 in September. (August 2009: $250,200; September 2008: $282,000). There were 110 houses sold (August 2009: 120; September 2008: 92).

Sales volume was down in Manawatu Country with 21 houses sold (August 2009: 25; September 2008: 24). The median price increased to $245,000 from $162,000 in August (September 2008: $202,500).

The median sale price in Manawatu was up at $240,000 in September (August 2009: $225,000; September 2008: $245,000). The number of sales was down with 208 houses sold (August 2009: 228; September 2008: 170).

Fifty-seven houses sold in Wanganui City in September, up from the 46 sold in August (September 2008: 43). The median price was up at $190,000 from $178,000 in August (September 2008: $172,500).

The median sale price in Wanganui increased to $185,000 in September. (August 2009: $160,250; September 2008: $171,250). There were 78 houses sold, up on the 70 sold in August 2009 (September 2008: 64).

Taranaki

The median price for a house in Taranaki decreased to $283,000 in September (August 2009: $287,500; September 2008: $256,583). 183 houses sold, up from the 150 sold in August (September 2008: 158).

Twenty-nine houses sold in the Taranaki Country area in September (August 2009: 18; September 2008: 20). The median price increased to $230,000 from $216,250 in August (September 2008: $226,500).

The median sale price for a New Plymouth City house decreased slightly to $322,000 (August 2009: $322,500; September 2008: $281,000). The number of sales increased with 87 houses sold in September (August 2009: 80; September 2008: 81).

Wellington

Wellington's median price decreased to $378,168 in September from August 2009's $395,500. (September 2008: $350,000). The number of sales was up at 701 for September, compared with 622 sold in August 2009. (September 2008: 491).

There were 62 houses sold in the Wairarapa in September (August 2009: 40; September 2008: 31). The median price was up at $232,500 from $217,500 in August (September 2008: $225,000).

The median price for an Upper Hutt house rose to $336,000 (August 2009: $310,000; September 2008: $285,000). 80 houses sold, well up on the 48 sold in August (September 2008: 47).

In the Hutt Valley there were 125 houses sold (August 2009: 126; September 2008: 97). The median price was up at $325,000 from $317,500 in August 2009 (September 2008: $316,700).

The median price for a house in Otaki/Paekakariki rose to $330,250 in September (August 2009: $310,000; September 2008: $295,000).118 houses sold (August 2009: 107; September 2008: 83).

Seventy houses sold in Pukerua Bay/Tawa in September, up from 75 sales in August (September 2008: 54). The median price was down at $408,750 (August 2009: $450,000; September 2008: $359,000).

Sale numbers in Central Wellington were down at 43 from 55 in August 2009. (September 2008: 43). The median price dropped to $461,000 from $560,000 in August (September 2008: $390,000).

Nelson/Marlborough

The median price for a Nelson/Marlborough house increased to $337,125 in September (August 2009: $325,000; September 2008: $320,000). 224 houses sold (August 2009: 213; September 2008: 219).

There were 83 houses sold in Nelson City in September (August 2009: 73; September 2008: 76). The median price increased to $345,000 (August 2009: $305,000; September 2008: $333,500).

The median price for a Nelson Council zone house was down at $345,000 in September (August 2009: $346,250; September 2008: $333,500). 148 houses sold (August 2009: 142; September 2008: 134).

Seventy-six houses sold in Marlborough in September (August 2009: 71; September 2008: 85). The median price rose to $319,000 from $300,000 in August (September 2008: $300,000).

Canterbury/Westland

Sales volume was up in Canterbury/Westland with 921 houses sold in September (August 2009: 885; September 2008: 677). The median sale price decreased to $311,500. (August 2009: $295,000; September 2008: $290,000).

The median price for a house in Christchurch City was up at $331,000 in August, from $316,500 in August (September 2008: $312,250). There were 618 houses sold (August 2009: 600; September 2008: 436).

The median price for a home in Rangiora increased to $324,900 in September (August 2009: $283,000; September 2008: $296,750). Sale numbers were up with 38 houses sold. (August 2009: 37; September 2008: 32).

The median price for a North Canterbury house was down to $270,000 in September, from $336,000 in August (September 2008: $233,000). 29 houses sold, up slightly on the 27 sold in August (September 2008: 15).

The median price for a Canterbury Country home increased to $390,000 in September, from $360,000 in August (September 2008: $375,000). Fourty-nine houses sold (August 2009: 37; September 2008: 38).

The number of houses sold in Mid Canterbury in September was up with 41 sales recorded. (August 2009: 39; September 2008: 45). The median price was up at $237,000 from $232,000 in August. (September 2008: $251,800).

Sales volume was down in Timaru in September, with 56 houses sold (August 2009: 58; September 2008: 40). The median price decreased to $218,500 in September, from $232,500 in August (September 2008: $252,500).

The median price for a house on the West Coast was up at $185,000 in September from $165,000 in August (September 2008: $175,000). 37 houses sold, up on the 32 sold in August (September 2008: 30).

There were 303 houses sold in Outer Canterbury in September (August 2009: 285; September 2008: 241). The median price was down at $255,000 in September (August 2009: $260,000; September 2008: $255,000). 

Central Otago Lakes

In September 103 houses sold, up from the 87 sold in August (September 2008: 70). The median price was down at $405,000. (August 2009: $435,000; September 2008: $480,000).

The median price for a house in Central Otago dropped to $305,000 in September (August 2009: $330,000; September 2008: $395,000); 53 houses sold (August 2009: 41; September 2008: 29).

Sales volume increased in Queenstown with 50 houses sold in September, compared with the 46 sold in August (September 2008: 41). The median price was down at $462,000 (August 2009: $506,250; September 2008: $520,000).

Otago

There were 275 houses sold in Otago in September, unchanged from August (September 2008: 232). The median price increased slightly to $237,000 from $236,000 in August (September 2008: $221,500).

Sales volume rose in North Otago with 43 houses sold (August 2009: 29; September 2008: 24). The median sale price dropped to $181,000 from $185,000 in August (September 2008: $200,000).

The median price in Dunedin City was up at $270,000 in September from $263,500 in August (September 2008: $230,000). 215 houses sold (August 2009: 212; September 2008: 190).

The number of sales was down in South Otago with 16 houses sold (August 2009: 25; September 2008: 14). The median price rose to $167,500 from $128,000 in August (September 2008: $125,150).

Southland

Sales volume was down two in Southland with 144 houses sold (August 2009: 146; September 2008: 113). The median price dipped to $189,500 from $200,000 in August (September 2008: $187,000).

Sales volume was up in Invercargill at 105 for September (August 2009: 98; September 2008: 85). The median price decreased to $195,000 (August 2009: $210,000; September 2008: $200,000).

The median price for a house in Gore rose to $159,000 in September from $143,000 in August (September 2008: $150,000). Seventeen houses sold during the month (August 2009: 24; September 2008: 15).

Source: Landlords.co.nz

comments powered by Disqus