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Tony Brazier
REINZ
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Brian Dalley

Residential Highlights – February 2010

 

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

select here: 12 March 2010 (.pdf Format; 122Kb)

 

Canterbury/Westland

 

Sales volume was up in Canterbury/Westland with 786 houses sold in February (January 2010: 512; February 2009: 815). The median sale price decreased to $304,500 (January 2010: $319,500; February 2009: $290,000).

 

The median price for a house in Christchurch City eased up slightly to $329,000 in February, from $328,200 in January (February 2009: $305,000). 519 houses sold (January 2010: 339; February 2009: 549).

 

The median price for a home in Rangiora decreased to $291,000 in February (January 2010: $315,000; February 2009: $264,000). Sale numbers were up with 36 houses sold (January 2010: 23; February 2009: 27).

 

The median price for a North Canterbury house decreased to $295,000 in February, from $347,000 in January (February 2009: $260,000). 31 houses sold, up on the 22 sold in January (February 2009: 27).

 

The median price for a Canterbury Country home eased slightly to $367,500 in February, from $368,000 in January (February 2009: $317,500). 46 houses sold (January 2010: 33; February 2009: 28).

 

The number of houses sold in Mid Canterbury in February was up with 29 sales recorded (January 2010: 20; February 2009: 53). The median price decreased to $245,000 from $317,000 in January (February 2009: $240,000).

 

Sales volume was up in Timaru in February, with 46 houses sold (January 2010: 28; February 2009: 46). The median price decreased to $214,750 in February, from $220,000 in January (February 2009: $202,500).

 

The median price for a house on the West Coast was down at $171,350 in February from $206,000 in January (February 2009: $225,000). 30 houses sold, up on the 12 sold in January (February 2009: 31).

 

267 houses sold in Outer Canterbury in February (January 2010: 173; February 2009: 266). The median price was down at $259,000 in February (January 2010: $282,500; February 2009: $244,000).

 

 

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