Residential Highlights – March 2010

 

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

select here: 16 April 2010, (.pdf Format; 119Kb)

 

Canterbury/Westland

 

While still down on earlier years there were 871 sales in Canterbury/Westland in March, an increase on the 786 houses sold in February (March 2009: 1090). At $305,000 the March median sale price was almost the same as the $304,500 recorded in February (March 2009: $290,000).

The median price for a house in Christchurch City decreased to $320,000 from $329,000 in February (March 2009: $302,750). Sales were also up at 595 compared to 519 houses sold in February (March 2009: 758).

The March median price for a home in Rangiora was further reduced to $289,000 from $291,000 in February and $315,000 in January (March 2009: $307,500). But sales were up again with 41 sales compared with 36 houses sold in February (March 2009: 34).

The median price for a North Canterbury house increased to $306,000 from $295,000 in February (March 2009: $265,000). 39 houses were sold, up on the 31 sales in February (March 2009: 21).

The median price for a Canterbury Country home continued to decline to $362,000 from $367,500 in February and $368,000 in January (March 2009: $370,000). Sales were down to 37 houses from the 46 sold in February (March 2009: 43).

The median price of houses sold in Mid Canterbury increased to $266,000 from $245,000 in February, and $260,000 in March last year. And the number of houses sold increased to 37 from the 29 sales recorded in February (March 2009: 59)

With 40 properties sold the sales volume in Timaru was down on the 46 in February (March 2009: 72). But the median price returned to $225,000 reversing the declining trend of $220,000 in January and $214,750 in February (March 2009: $220,000).

The median price for a house on the West Coast increased to $220,500 from $171,350 in February and $206,000 in January (March 2009: $173,938). Sales totalled 32, slightly up on the 30 houses sold in February (March 2009: 38).

In Outer Canterbury 276 houses sold last month, up on the 267 sales in February (March 2009: 332). At $272,500 the median price was up on the February median of $259,000 (March 2009: $252,000).