Residential Highlights – April 2009

 

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

select here: 12 May 2009, (.pdf Format; 97Kb)

 

Canterbury/Westland

 

Sales volume was down in Canterbury/Westland with 965 houses sold in April (March 2009: 1,090; April 2008:

639). The median sale price increased to $295,000. (March 2009: $290,000; April 2008: $300,000).

 

The median price for a house in Christchurch City increased to $317,500 in April, from $302,750 in March

(April 2008: $320,000). 667 houses sold (March 2009: 758; April 2008: 416).

 

The median price for a home in Rangiora fell to $274,750 in April (March 2009: $307,500; April 2008:

$359,000). Sale numbers were up two 36 houses sold. (March 2009: 34; April 2008: 24).

 

The median price for a North Canterbury house was up to $281,750 in April, from $365,000 in March (April

2008: $305,000). 24 houses sold, up on the 21 sold in March (April 2008: 12).

 

The median price for a Canterbury Country home dropped to $350,000 in April, from $370,000 in March (April

2008: $355,000). 54 houses sold (March 2009: 43; April 2008: 28).

 

The number of houses sold in Mid Canterbury in April was down with 47 sales recorded. (March 2009: 59;

April 2008: 35). The median price was down at $245,000 from $260,000 in March. (April 2008: $262,000).

 

Sales volume dropped in Timaru in April, with 50 houses sold (March 2009: 72; April 2008: 36). The median

price decreased to $194,000 in April, from $220,000 in March (April 2008: $241,250).

 

The median price for a house on the West Coast dropped to $166,500 in April from $173,938 in March (April

2008: $180,000). 32 houses sold, down on the 38 sold in March (April 2008: 37).

 

298 houses sold in Outer Canterbury in April (March 2009: 332; April 2008: 223). The median price eased to

$249,100 in April from $252,000 in March (April 2008: $267,000).