Residential Highlights – March 2009

 

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

select here: 9 April 2009, (.pdf Format; 78Kb)

 

Canterbury/Westland

 

Sales volume was up in Canterbury/Westland with 1,090 houses sold in March (February 2009: 815;
March 2008: 821). The median sale price remained steady at $290,000. (February 2009: $290,000;
March 2008: $311,000).

The median price for a house in Christchurch City decreased to $302,750 in March, from $305,000
in February (March 2008: $335,000). 758 houses sold (February 2009: 549; March 2008: 540).

 

The median price for a home in Rangiora rose to $307,500 in March (February 2009: $264,000;
March 2008: $300,000). Sale numbers increased with 34 houses sold. (February 2009: 27; March
2008: 29).

 

The median price for a North Canterbury house was up to $265,000 in March, from $260,000 in
February (March 2008: $347,000). 21 houses sold, down on the 27 sold in February (March 2008:
27).

 

The median price for a Canterbury Country home jumped to $370,000 in March, from $317,500 in
February (March 2008: $385,000). 43 houses sold (February 2009: 28; March 2008: 30).

 

The number of houses sold in Mid Canterbury in March was up with 59 sales recorded. (February
2009: 53; March 2008: 50). The median price was up at $260,000 from $240,000 in February.
(March 2008: $267,500).

 

Sales volume rose in Timaru in March, with 72 houses sold (February 2009: 46; March 2008: 53).
The median price increased to $220,000 in March, from $202,500 in February (March 2008:
$230,000).

 

The median price for a house on the West Coast dropped to $173,938 in March from $225,000 in
February (March 2008: $180,000). 38 houses sold, up on the 31 sold in February (March 2008: 35).

 

332 houses sold in Outer Canterbury in March (February 2009: 266; March 2008: 281). The median
price rose to $252,000 in March from $244,000 in February (March 2008: $268,000).