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Residential Highlights – June 2009

 

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

select here: 9 July 2009 (.pdf Format; 148Kb)

 

Canterbury/Westland

 

Sales volume was down in Canterbury/Westland with 889 houses sold in June (May 2009: 955; June 2008:

666). The median sale price increased to $295,000. (May 2009: $285,000; June 2008: $299,000).

 

The median price for a house in Christchurch City was up at $312,500 in June, from $306,000 in May (June

2008: $315,000). 601 houses sold (May 2009: 609; June 2008: 479).

 

The median price for a home in Rangiora increased slightly to $272,500 in June (May 2009: $271,000; June

2008: $318,750). Sale numbers were down with 32 houses sold. (May 2009: 50; June 2008: 22).

 

The median price for a North Canterbury house was up to $300,000 in June, from $289,500 in May (June

2008: $290,000). 24 houses sold, down two on the 26 sold in May (June 2008: 16).

 

The median price for a Canterbury Country home rose to $373,000 in June, from $327,500 in May (June 2008:

$365,000). 47 houses sold (May 2009: 50; June 2008: 22).

 

The number of houses sold in Mid Canterbury in June was down with 42 sales recorded. (May 2009: 51; June

2008: 29). The median price was down at $246,000 from $270,000 in May. (June 2008: $248,000).

 

Sales volume was unchanged in Timaru in June, with 59 houses sold (May 2009: 59; June 2008: 33). The

median price increased to $237,500 in June, from $186,000 in May (June 2008: $195,000).

 

The median price for a house on the West Coast was down at $205,000 in June from $215,000 in May (June

2008: $185,000). 30 houses sold, up one on the 29 sold in May (June 2008: 25).

 

288 houses sold in Outer Canterbury in June (May 2009: 346; June 2008: 187). The median price was steady

at $255,250 in June (May 2009: $255,000; June 2008: $250,000).

 

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