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Residential Highlights – August 2009

 

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

select here: 14 September 2009, (.pdf Format; 138Kb)

 

Canterbury/Westland

 

Sales volume was down in Canterbury/Westland with 885 houses sold in August (Jul y 2009: 905; August

2008: 618). The median sale price decreased to $295,000. (July 2009: $297,000; August 2008: $290,000).

 

The median price for a house in Christchurch City was up at $316,500 in July, from $310,000 in Jul y (August

2008: $310,000). 600 houses sold (July 2009: 628; August 2008: 418).

 

The median price for a home in Rangiora increased to $283,000 in August (July 2009: $272,500; August 2008:

$328,000). Sale numbers were up with 37 houses sold. (July 2009: 38; August 2008: 23).

 

The median price for a North Canterbury house was up to $336,000 in August, from $315,000 in July (August

2008: $232,500). 27 houses sold, down on the 29 sold in July (August 2008: nine).

 

The median price for a Canterbury Country home decreased to $360,000 in August, from $389,000 in July

(August 2008: $344,500). 37 houses sold (July 2009: 41; August 2008: 22).

 

The number of houses sold in Mid Canterbury in August was up with 39 sales recorded. (Jul y 2009: 32;

August 2008: 35). The median price was down at $232,000 from $266,000 in June. (August 2008: $265,000).

 

Sales volume was up in Timaru in August, with 58 houses sold (July 2009: 48; August 2008: 35). The median

price increased to $232,500 in July, from $226,410 in July (August 2008: $243,570).

 

The median price for a house on the West Coast was down at $165,000 in August from $223,000 in July

(August 2008: $220,000). 32 houses sold, up one on the 31 sold in July (August 2008: 23).

 

285 houses sold in Outer Canterbury in August (July 2009: 277; August 2008: 200). The median price was

down at $260,000 in August (July 2009: $270,000; August 2008: $259,500).

 

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