Nelson Residential
There were 101 sales in October 2015 compared to 78 for the same month in 2014 and 103 in 2013. The total number of sales for the year to date is 874, compared to 728 for the same period in 2014 and 888 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.
The average time to sell in October was 25 days with the average for the last 3 months of 30 days. The 12 month average is 35 days. This indicates the pace of the market has quickened with an increase in demand leading to shorter marketing periods.
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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.
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Median sale price for October 2015 was $381,000 which is a 4% increase compared to October 2014. The average median over the last 12 months was $379,000 but 12 months prior to this it was $363,000. This indicates the average median sale price has increased over the long term.
Nelson Sections
There were 8 sales in October 2015 compared to 2 for the same month in 2014 and 4 in 2013. The total number of sales for the year to date is 69, compared to 67 for the same period in 2014 and 56 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 periods in 2014 and 2013.
Richmond Residential
There were 34 sales in October 2015 compared to 20 for the same month in 2014 and 25 in 2013. The total number of sales for the year to date is 265, compared to 224 for the same period in 2014 and 275 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
The average time to sell in October was 43 days with the average for the last 3 months of 37 days. The 12 month average is 38 days. This indicates the pace of the market has slowed with a reduction in demand leading to longer marketing period
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 October 2015 was $480,750 which is a 9% increase compared to October 2014. The average median over the last 12 months was $451,000 but 12 months prior to this it was $421,000. This indicates the average median sale price has increased over the long term.
Richmond Sections
There were 6 sales in October 2015 compared to 8 for the same month in 2014 and 4 in 2013. The total number of sales for the year to date is 40, compared to 51 for the same period in 2014 and 64 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 periods in 2014 and 2013.
Motueka Residential
There were 26 sales in October 2015 compared to 21 for the same month in 2014 and 15 in 2013. The total number of sales for the year to date is 222, compared to 206 for the same period in 2014 and 196 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.
The average time to sell in October was 46 days with the average for the last 3 months of 60 days. The 12 month average is 56 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.
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 October 2015 was $419,500 which is a 33% increase compared to October 2014. The average median over the last 12 months was $357,000 but 12 months prior to this it was $353,000. This indicates the average median sale price has increased over the long term.
Motueka Sections
There were 8 sales in October 2015 compared to 3 for the same month in 2014 and 3 in 2013. The total number of sales for the year to date is 63, compared to 51 for the same period in 2014 and 39 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 periods in 2014 and 2013.
Nelson Country Residential
There were 17 sales in October 2015 compared to 14 for the same month in 2014 and 11 in 2013. The total number of sales for the year to date is 144, compared to 162 for the same period in 2014 and 158 for 2013.
The 2015 year to date has seen a decrease 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
The average time to sell in October was 16 days with the average for the last 3 months of 22 days. The 12 month average is 33 days. This indicates the pace of the market has quickened with an increase in demand leading to shorter marketing periods.
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 October 2015 was $398,000 which is a 14% decrease compared to October 2014. The average median over the last 12 months was $432,000 but 12 months prior to this it was $411,000. This indicates the average median sale price has decreased over the long term.
Nelson Country Sections
There were 1 sales in October 2015 compared to 2 for the same month in 2014 and 7 in 2013. The total number of sales for the year to date is 44, compared to 43 for the same period in 2014 and 35 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 periods 2014 and 2013.