Residential Highlights – April 2010

 

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

select here: 14 May 2010, (.pdf Format; 106Kb)

 

Canterbury/Westland

 

At $310,000 the median price in the Canterbury/Westland district is $5000 up on the March median and a rise on the same month last year (April 2009: $295,000). From 871 in March, sales declined to 742 last month (April 2009: 965).

 

The median price for a house in Christchurch City increased to $330,000 from $320,000 in March (April 2009: $317,500). Sales were down to 511 from 595 in March (April 2009: 667).

 

The March median price for a home in Rangiora improved from $289,000 in March to $304,775 in April, and significantly up on the median of $274,750 in the same month last year. But sales were down to 24 compared with 41 residential properties sold in March (April 2009: 36).

 

The median price for a North Canterbury house declined from $306,000 in March to $297,250 last month (April 2009: $281,750). From 39 houses sold in March, sales in April more than halved to just 18 (April 2009: 24).

 

The median price for a Canterbury Country home rose to $387,500 from $362,000 in March (April 2009: $350,000). Sales were down to 34 houses from the 37 sold in March (April 2009: 54).

 

The median price of houses sold in Mid-Canterbury decreased to $240,000 from $266,000 in March, and $245,000 in April last year. And the number of houses sold fell from 37 in March to 25 sales last month (April 2009: 47)

 

The previous declining trend in Timaru continued to reverse with the median price lifting again to $244,000 from $225,000 in March (April 2009: $194,000). With 59 properties sold the sales volume in Timaru was up on the 40 in March (April 2009: 50).

 

The median price for a house on the West Coast increased to $225,000 from $220,500 in March (April 2009: $166,500). Sales totalled 30, slightly down on the 32 houses sold in March (April 2009: 32).

 

In Outer Canterbury 231 houses sold last month, down on the 276 sales in March (April 2009: 298). At $265,000 the median price was down on the March figure of $272,500 (April 2009: $249,100).