For the full report and information on the rest of New Zealand, please visit REINZ or
select here: 14 February 2012_Regional, (.pdf Format; 557Kb)
Canterbury/Westland
| | Median | Number Sold |
| | Jan-12 | Dec-11 | Jan-11 | Jan-12 | Dec-11 | Jan-11 |
| Christchurch City | $337,444 | $346,000 | $330,000 | 282 | 487 | 271 |
| Rangiora | $345,000 | $349,288 | $345,000 | 37 | 36 | 25 |
| North Canterbury | $355,000 | $310,000 | $257,500 | 28 | 41 | 10 |
| Mid Canterbury | $267,750 | $255,000 | $257,500 | 36 | 35 | 35 |
| Timaru | $240,500 | $250,000 | $238,100 | 35 | 49 | 38 |
| South Canterbury | $187,750 | $195,000 | $207,500 | 20 | 29 | 24 |
| West Coast | $188,000 | $215,750 | $200,000 | 35 | 42 | 22 |
| Canterbury / Westland | $325,000
| $325,000 | $300,000
| 549
| 787
| 458
|
| | | | | | | |
| | Jan-12 vs ... | Dec-11 | Jan-11 | Jan-12 vs ... | Dec-11 | Jan-11 |
| Christchurch City | -2.5% | 2.3% | -42.1% | 4.1% |
| Rangiora | -1.2% | 0.0% | 2.8% | 48.0% |
| North Canterbury | 14.5% | 37.9% | -31.7% | 180.0% |
| Mid Canterbury | 5.0% | 4.0% | 2.9% | 2.9% |
| Timaru | -3.8% | 1.0% | -28.6% | -7.9% |
| South Canterbury | -3.7% | -9.5% | -31.0% | -16.7% |
| West Coast | -12.9% | -6.0% | -16.7% | 59.1% |
| Canterbury / Westland | 0.0% | 8.3% | -30.2% | 19.9% |
The Canterbury/Westland region recorded an almost 20% increase in sales over the same period last year,
although volumes were well down on December's. A large driver of this was a 42% fall in sales volume in
Christchurch City. Volumes were up modestly in Rangiora and Mid-Canterbury.
Median prices across the region were flat compared with December, and up 8.3% compared to January
last year. However, it is of note that most of this price increase came from provincial areas rather than
from Christchurch City itself. North Canterbury is a stand out over the 12 months.
Agent reports indicate that despite the large drop in sales volume from December, the market is busy with
increasing levels of enquiry and plenty of activity in the Northern and Western suburbs of the city. New
subdivisions are also coming on stream, which is helping to steady prices. Insurance remains a challenge
needing to be dealt with on a case by case basis.
The days to sell measure eased by 10 days in January compared to December, from 29 to 39 days. In
January last year the number of days to sell was 47 days.
The trend on the median price is noticeably rising, although the rising trend in sales volume is less
noticeable. The trend in the number of days to sell is also falling indicating that overall the trend for the
region is improving.
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