Nelson Residential
There were 92 sales in March 2015 compared to 101 for the same month in 2014 and 105 in 2013. The total number of sales for the year to date is 271, compared to 231 for the same period in 2014 and 256 for 2013.
Source: REINZ Housing Facts
The 2015 year to date has seen an increase in the total number of sales compared with the same periods in 2014 and 2013.
The key drivers of population growth through migration, low interest rates, stable economy and low unemployment still combine to underpin the market creating a stable economic climate. Prospective purchasers have to make quicker decisions regards buying a property especially in the lower price bracket. Vendors who are prepared to meet the market are achieving successful sales.
Source: REINZ Housing Facts
The average time to sell in March was 38 days with the average for the last 3 months of 39 days. The 12 month average is 40 days. This indicates the pace of the market has quickened slightly with an increase in demand leading to marginally shorter marketing periods.
Source: REINZ Housing Facts
Median sale price is the midpoint of the number of sales for a particular month. It should not be confused with the average sale price. Variations in the median sale price can be significant from one month to the next. Factors such as the number of sales and the sector from which those sales are derived determine the median sale price.
Median sale price for March 2015 was $383,000 which is a 5% increase compared to March 2014. The average median for the last 12 months was $365,000 but back 12 months ago it was $360,000. This indicates the average median sale price has increased over the long term.
Nelson Sections
There were 11 sales in March 2015 compared to 6 for the same month in 2014 and 1 in 2013. The total number of sales for the year to date is 14, compared to 22 for the same period in 2014 and 16 for 2013.
Statistics for sections reflect the fact transactions are not recorded until the sale becomes unconditional. Therefore, sale numbers can vary widely from month to month. The 2015 year to date has seen a decrease in the total number of sales compared with the same period in 2014 and 2013.
Richmond Residential
Source: REINZ Housing Facts
There were 32 sales in March 2015 compared to 21 for the same month in 2014 and 37 in 2013. The total number of sales for the year to date is 71, compared to 69 for the same period in 2014 and 86 for 2013.
The 2015 year to date has seen an increase in the total number of sales compared with the same period in 2014 but a decrease compared with 2013.
The key drivers of population growth through migration, low interest rates, stable economy and low unemployment still combine to underpin the market creating a stable economic climate. Prospective purchasers have to make quicker decisions regards buying a property especially in the lower price bracket. Vendors who are prepared to meet the market are achieving successful sales.
Source: REINZ Housing Facts
The average time to sell in March was 26 days with the average for the last 3 months of 37 days. The 12 month average is 34 days. This indicates the pace of the market has quickened over the short term with an increase in demand leading to shorter marketing periods.
Source: REINZ Housing Facts
Median sale price is the midpoint of the number of sales for a particular month. It should not be confused with the average sale price. Variations in the median sale price can be significant from one month to the next. Factors such as the number of sales and the sector from which those sales are derived determine the median sale price.
Median sale price for March 2015 was $412,500 which is a 9% decrease compared to March 2014. The average median for the last 12 months was $442,000 but back 12 months ago it was $416,000. This indicates the average median sale price has increased over the long term.
Richmond Sections
Source: REINZ Housing Facts
There were 4 sales in March 2015 compared to 3 for the same month in 2014 and 11 in 2013. The total number of sales for the year to date is 9, compared to 7 for the same period in 2014 and 32 for 2013.
Statistics for sections reflect the fact transactions are not recorded until the sale becomes unconditional. Therefore, sale numbers can vary widely from month to month. The 2015 year to date has seen an increase in the total number of sales compared with the same period in 2014 but a decrease compared with 2013.
Motueka Residential
Source: REINZ Housing Facts
There were 28 sales in March 2015 compared to 18 for the same month in 2014 and 25 in 2013. The total number of sales for the year to date is 68, compared to 57 for the same period in 2014 and 61 for 2013.
The 2015 year to date has seen an increase in the total number of sales compared with the same periods in 2014 and 2013.
The key drivers of population growth through migration, low interest rates, stable economy and low unemployment still combine to underpin the market creating a stable economic climate. Prospective purchasers have to make quicker decisions regards buying a property especially in the lower price bracket. Vendors who are prepared to meet the market are achieving successful sales.
Source: REINZ Housing Facts
The average time to sell in March was 28 days with the average for the last 3 months of 36 days. The 12 month average is 49 days. This is a small market that fluctuates due to a low number of sales and the proportion of leasehold sales that sell, as they tend to take longer marketing periods in comparison to freehold properties.
Source: REINZ Housing Facts
Median sale price is the midpoint of the number of sales for a particular month. It should not be confused with the average sale price. Variations in the median sale price can be significant from one month to the next. Factors such as the number of sales and the sector from which those sales are derived determine the median sale price.
Median sale price for March 2015 was $372,000 which is a 1% decrease compared to March 2014. The average median for the last 12 months was $341,000 but back 12 months ago it was $355,000. This indicates the average median sale price has decreased over the long term.
Motueka Sections
Source: REINZ Housing Facts
There were 8 sales in March 2015 compared to 1 for the same month in 2014 and no sales in 2013. The total number of sales for the year to date is 18, compared to 7 for the same period in 2014 and 11 for 2013.
Statistics for sections reflect the fact transactions are not recorded until the sale becomes unconditional. Therefore, sale numbers can vary widely from month to month. The 2015 year to date has seen an increase in the total number of sales compared with the same period in 2014 and 2013.
Nelson Country Residential
Source: REINZ Housing Facts
There were 20 sales in March 2015 compared to 26 for the same month in 2014 and 19 in 2013. The total number of sales for the year to date is 47, compared to 53 for the same period in 2014 and 44 for 2013.
The 2015 year to date has seen a decrease in the total number of sales compared with the same period in 2014 but an increase compared with 2013.
The key drivers of population growth through migration, low interest rates, stable economy and low unemployment still combine to underpin the market creating a stable economic climate. Prospective purchasers have to make quicker decisions regards buying a property especially in the lower price bracket. Vendors who are prepared to meet the market are achieving successful sales.
Source: REINZ Housing Facts
The average time to sell in March was 25 days with the average for the last 3 months of 24 days. The 12 month average is 34 days. This indicates the pace of the market has quickened over the long term with an increase in demand leading to shorter marketing periods.
Source: REINZ Housing Facts
Median sale price is the midpoint of the number of sales for a particular month. It should not be confused with the average sale price. Variations in the median sale price can be significant from one month to the next. Factors such as the number of sales and the sector from which those sales are derived determine the median sale price.
Median sale price for March 2015 was $426,300 which is a 4% increase compared to March 2014. The average median for the last 12 months was $415,000 but back 12 months ago it was $420,000. This indicates the average median sale price has decreased over the long term.
Nelson Country sections
Source: REINZ Housing Facts
There were 5 sales in March 2015 compared to 3 for the same month in 2014 and 6 in 2013. The total number of sales for the year to date is 8, compared to 12 for the same period in 2014 and 13 for 2013.
Statistics for sections reflect the fact transactions are not recorded until the sale becomes unconditional. Therefore, sale numbers can vary widely from month to month. The 2015 year to date has seen a decrease in the total number of sales compared with the same period 2014 and 2013.
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