REINZ residential highlights - February 2010

Friday 12 March 2010

To find out what's happening in the main centres, use the links in the story below.

By The Landlord

To view the regions quickly, use the links below:
Northland
Auckland
Waikato/Bay of Plenty/Gisborne
Hawke's Bay
Manawatu/Wanganui
Taranaki
Wellington
Nelson/Marlborough
Canterbury/Westland
Central Otago Lakes
Otago
Southland

Northland
In total, 130 houses sold in Northland in February (January 2010: 83; February 2009: 139). The median price eased slightly to $305,000 from $308,000 in January (February 2009: $305,000).

There were 28 houses sold in the Whangarei County area (January 2010: 17; February 2009: 24). The median price increased to $417,500 from $410,000 in January (February 2009: $390,000).

Whangarei City in February 47 houses sold, up from 38 in January 2010 (February 2009: 51). The median was down at $269,000 (January 2010: $292,500; February 2009: $282,000). 

Auckland
The median house price in Auckland eased up to $453,500 in February (January 2010: $450,500 February 2009: $421,500). There were 1,578 houses sold in February, compared with 1,240 sold in January (February 2009: 1,590).

The median sale price for a North Shore City home decreased to $526,000 in February (January 2010: $535,527; February 2009: $500,000).  There were 289 houses sold during the month, up on the 249 sold in January 2010. (February 2009: 300).

Sales volume was up in Waitakere City in February with 206 sold (January 2010: 177; February 2009: 188).  The median price increased slightly to $386,500 (January 2010: $383,000; February 2009: $362,250).

The median price for an Auckland City house increased to $499,000 in February (January 2010: $480,000: February 2009 $465,000). There were 515 houses sold in February, up on the 368 sold in January 2010 (February 2009: 505).

There were 303 houses sold in Manukau City in February (January 2010: 251; February 2009: 363). The median price decreased to $452,000 from $468,000 in January (February 2009: $416,000).

The number of sales in Papakura was up with 52 houses sold in February (January 2010: 30; February 2009: 47). The median price increased to $361,500 (January 2010: $337,500; February 2009: $310,000).

The median price for a Metropolitan Auckland house remained unchanged at $460,000 in February (January 2010: $460,000; February 2009: $435,000). 1,365 houses sold during the month, up from 1,075 sold in January (February 2009: 1,403).

In the Rodney District 124 houses sold, up from the 79 sold in January (February 2009: 80). The median price was down at $452,500, from $490,000 in January (February 2009: $410,000).

The median price for a Franklin District home decreased to $341,500 in February, from $349,000 in January (February 2009: $355,000). Thirty-seven houses sold, down on the 43 sales in January (February 2009: 49).

In Thames/Coromandel 52 houses sold in February, up from the 43 sales in January (February 2009: 58). The median price increased to $382,500 from January's $358,000 (February 2009: $335,000).

The median price for an Outer Auckland home was down at $410,000 in February, from $415,000 in January (February 2009: $375,000). Sales volume was up with 213 houses sold, compared with the 165 sold in January (February 2009: 187).

Waikato/Bay of Plenty/Gisborne
The median price for a house in the Waikato/Bay of Plenty/Gisborne district was steady at $320,000 in February (January 2010: $320,000; February 2009: $316,000). 695 houses sold, an increase on the 499 sold in January 2010 (February 2009: 712).

Sales were up in Waikato Country in February with 120 houses sold (January 2010: 81; February 2009: 116). The median price was unchanged at $280,000 (January 2010: $280,000; February 2009: $277,500).

The median price for a Hamilton City house eased up slightly to $320,000 in February (January 2010: $319,538; February 2009: $320,000). Sales volume was up, with 173 dwellings sold in February 2010 (January 2010: 112; February 2009: 197).

Sales volume was up in Western Bay of Plenty Country with 65 houses sold, an increase on the 44 sold in January. The median price decreased to $340,000 from $361,000 in January 2010. In February 2009, 58 houses sold with a median sale price of $351,000.

The median price for a house in Mt Maunganui/Papamoa increased to $434,000 in February, from $395,500 in January (February 2009: $400,000).  52 houses sold, up on the 40 sold in January (February 2009: 71).

There were 92 houses sold in Tauranga in February 2010, up on the 79 sold in January (February 2009: 100). The median price eased up slightly to $350,000 (January 2010: $349,000; February 2009: $340,000).

Rotorua's median price increased to $243,500 in February, from $230,000 in January (February 2009: $256,000). 68 houses sold, up from the 39 sold in January (February 2009: 63). 

Taupo in February 32 houses sold, down from the 40 sold in January (February 2009: 36). The median price increased to $360,250 in February from $330,000 in January (February 2009: $332,500).

The median price for a King Country home increased to $208,500 in February (January 2010: $163,000; February 2009: $166,000). 14 houses sold, up from the 12 sold in January (February 2009: nine).

The median price for a Gisborne City home increased to $310,000 from $225,000 in January (February 2009: $249,750). Sales volume was up with 39 houses sold (January 2010: 21; February 2009: 30).

The median price for a house in Eastern Bay of Plenty Country increased to $320,000 in February, up from $288,500 in January (February 2009: $260,000). 39 houses sold; up from the 30 sold in January (February 2009: 30).  

Hawke's Bay
Sales volume was up in the Hawke's Bay in February with 186 houses sold (January 2010: 144; February 2009: 182). The median price increased to $285,000 (January 2010: $278,000; February 2009: $267,000).

The median price for a house in Napier City increased to $330,000 in February (January 2010: $302,750; February 2009: $310,500). 81 houses sold in February (January 2010: 66; February 2009: 84).

There were 74 houses sold in Hastings City in February, up from 52 in January (February 2009: 69).  The median price was down at $273,250 from $302,500 in January (February 2009: $253,000).

Hawke's Bay Country's median price increased to $280,000 in February from $230,000 in January (February 2009: $230,000).  13 homes sold in February (January 2010: 10; February 2009: 12).  

Manawatu/Wanganui
The median price for a house in the Manawatu/Wanganui district eased up to $233,000 in February (January 2010: $230,000; February 2009: $230,000). 219 houses sold in February, up on the 194 sold in January (February 2009: 308).

The median sale price for a house in Palmerston North City eased slightly to $263,750 in February (January 2010: $264,000; February 2009: $252,750). 98 houses sold (January 2010: 69; February 2009: 144).

Sales volume was down in Manawatu Country with 19 houses sold (January 2010: 25; February 2009: 21). The median price increased to $200,000 from $195,000 in January (February 2009: $220,000).

The median sale price in Manawatu eased to $242,250 in February (January 2010: $244,000: February 2009: $245,000). The number of sales was up with 166 houses sold (January 2010: 143; February 2009: 233).

There were 35 houses sold in Wanganui City in February, down from the 39 sold in January (February 2009: 53). The median price decreased to $195,000 from $208,000 in January (February 2009: $193,500).

The median sale price in Wanganui increased to $200,000 in February (January 2010: $189,000; February 2009: $180,000). 53 houses sold, up slightly on the 51 sold in January 2010 (February 2009: 75).  

Taranaki
The median price for a house in Taranaki decreased to $285,000 in February (January 2010: $300,000; February 2009: $260,000). 160 houses sold, up from the 123 sold in January (February 2009: 147).

In the Taranaki Country area in February there were 29 houses sold (January 2010: 16; February 2009: 22). The median price increased to $215,000 from $205,000 in January (February 2009: $250,000).

The median sale price for a New Plymouth City house decreased to $345,000 (January 2010: $350,000; February 2009: $271,000).  The number of sales increased to 75 houses sold in February (January 2010: 69; February 2009: 75).  

Wellington
Wellington's median price increased to $392,000 in February from January's $375,000 (February 2009: $375,000). The number of sales was up at 607 for February, compared with 420 sold in January (February 2009: 639).

There were 64 houses sold in the Wairarapa in February (January 2010: 50; February 2009: 53). The median price was down at $239,000 from $277,500 in January (February 2009: $241,500).

The median price for an Upper Hutt house eased up to $304,000 (January 2010: $303,250; February 2009: $321,250). 35 houses sold, down on the 42 sold in January (February 2009: 54).

In the Hutt Valley 98 houses sold (January 2010: 58; February 2009: 99). The median price was down at $293,750 from $357,500 in January 2010 (February 2009: $350,000).

The median price for a house in Otaki/Paekakariki remained unchanged at $345,000 in February (January 2010: $345,000; February 2009: $352,500). 95 houses sold (January 2010: 70; February 2009: 92).

There were 63 houses sold in Pukerua Bay/Tawa in February, an increase on the 52 sales in January (February 2009: 61). The median price was up at $419,000 (January 2010: $383,750; February 2009: $354,000).

Sale numbers in Central Wellington were up to 53 from 37 in January (February 2009: 49). The median price increased to $480,000 from $400,000 in January (February 2009: $395,000).  

Nelson/Marlborough
The median price for a Nelson/Marlborough home decreased to $330,000 in February (January 2010: $341,250; February 2009: $323,000).  207 houses sold (January 2010: 148; February 2009: 222).

There were 74 houses sold in Nelson City in February (January 2010: 61; February 2009: 86). The median price increased to $352,250 (January 2010: $315,000; February 2009: $320,000).

The median price for a Nelson Council zone house was up at $358,750 in February (January 2010: $342,000; February 2009: $330,000). 140 houses sold (January 2010: 111; February 2009: 160).

In Marlborough in February 67 houses sold (January 2010: 37; February 2009: 62). The median price decreased to $289,000 from $340,500 in January (February 2009: $306,000).  

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). 

There were 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).  

Central Otago Lakes
In February 103 houses sold, up from the 58 sold in January (February 2009: 76). The median price was up at $435,000 (January 2010: $410,000; February 2009: $425,000).

The median price for a house in Central Otago eased to $345,250 in February (January 2010: $347,500; February 2009: $332,000). 58 houses sold (January 2010: 32; February 2009: 36).

Sales volume was up in Queenstown with 45 houses sold in February, compared with the 26 sold in January (February 2009: 40). The median price was down at $519,500 (January 2010: $531,250; February 2009: $508,000).  

Otago
There were 217 houses sold in Otago in February, up from January's 151 (February 2009: 265).  The median price decreased to $222,000 from $247,500 in January (February 2009: $223,000).

Sales volume was up in North Otago with 26 houses sold (January 2010: 20; February 2009: 30). The median sale price decreased to $192,500 from $207,500 in January (February 2009: $189,500).

The median price in Dunedin City decreased to $235,000 in February from $257,500 in January (February 2009: $235,000). 175 houses sold (January 2010: 122; February 2009: 212).

The number of sales eased up slightly in South Otago with eight houses sold (January 2010: seven; February 2009: 15). The median price increased to $179,000 from $123,500 in January (February 2009: $135,000).

Southland
Sales volume was up in Southland with 141 houses sold (January 2010: 94; February 2009: 133). The median price increased to $190,000 from $182,500 in January (February 2009: $180,000).

Sales volume was up in Invercargill at 104 for February (January 2010: 71; February 2009: 92). The median price increased to $195,000 (January 2010: $185,000; February 2009: $185,000).

The median price for a house in Gore increased to $140,000 in February from $132,000 in January (February 2009: $129,100). 25 houses sold during the month (January 2010: eight; February 2009: 19).

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