Tony Brazier
REINZ
Info for Buyers & Sellers
Brian Dalley

Residential Highlights – February 2009

 

 

For the full report and information on the rest of New Zealand, please or visit REINZ or

select here: 11 March 2009 (.pdf Format; 96Kb)

 

Canterbury/Westland

 

 

Sales volume was up in Canterbury/Westland with 815 houses sold in February (January 2009: 562; February 2008: 953). The median sale price increased to $290,000 from $285,000 in January (February 2008: $320,000).


The median price for a house in Christchurch City increased to $305,000 in February, from $300,000 in January (February 2008: $330,000). 549 houses sold (January 2009: 379; February 2008: 656).


The median price for a home in Rangiora fell to $264,000 in February (January 2009: $323,000; February 2008: $326,500). Sale numbers increased with 27 houses sold. (January 2009: 20; February 2008: 42).


The median price for a North Canterbury house was up to $260,000 in February, from $247,000 in January (February 2008: $285,000). 27 houses sold, up on the 19 sold in January (February 2008: 23).


The median price for a Canterbury Country home fell to $317,500 in February, from $360,000 in January (February 2008: $399,000). 28 houses sold (January 2009: 30; February 2008: 45).


The number of houses sold in Mid Canterbury in February was up with 53 sales recorded. (January 2009: 45; February 2008: 45). The median price was down at $240,000 from $245,000 in January and $280,000 February 2008.


Sales volume rose in Timaru in February, with 46 houses sold (January 2009: 21; February 2008: 43). The median price decreased to $202,500 in February, from $225,000 in January (February 2008: $218,000).

 

The median price for a house on the West Coast rose to $225,000 in February from $172,500 in January (February 2008: $204,500). 31 houses sold, up on the 18 sold in January (February 2008: 42).


266 houses sold in Outer Canterbury in February (January 2009: 183; February 2008: 297). The median price fell to $244,000 in February from $259,000 in January (February 2008: $285,000).

 

 

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