Otago, Hawke's Bay and the Coromandel also reached new record highs
papfeb2016Auckland reached a new record high in the asking price on average in February from $ 866,080, an increase of $ 101,656 or 13.3% in 12 months, according to data from Realestate.co.nz, New Zealand's biggest sites dedicated to property , The asking price on average in Auckland in February last year was $ 764,424, while the previous record of $ 851,531 was established five months ago in September 2015.
Brendon Skipper, Chief Executive of Realestate.co.nz, says "The national average back near a record high in February, with three regions other than Auckland also experienced record high: Otago, Hawke's Bay and the Coromandel.
"The asking price national average in February was $ 565,861, only slightly below the previous record of $ 568,215 set in August of last year. Although the price asked price reflecting continued to seller confidence, they should be seen against the background of the inventory is relatively low . "
National supply of housing available to sit at 16.4 weeks, reduced only slightly from the record low set in January of 14.7 weeks.
List ltafeb2016New for February throughout the country reached 11 989, back to the levels expected for this time next year a shortage of supply in December and January. Auckland had 4,202 new listings, up 1.4% on the month in February 2015, and the highest number for February since 2013.
Wellington Average asking price in February from $ 483,212 down slightly from the record high set in January of $ 489,029, while the new ads also fell 2.9% in February 2015.
The asking price on average in Canterbury in February was $ 457,358, a 5.4% decrease in January a record high of $ 483,233, while the new ad is in the same level with the same month in 2015.
Otago reached an all-time high in the asking price on average $ 323,367 in February, up slightly on the $ 321,188 the previous high set in October 2015, while new listings were up 5.2% on the same month last year. Hawke's Bay experienced a new record of $ 389,654, up from the previous record of $ 387,504 set in August last year, with new ads dropped 8.3% in February 2015.
Coromandel new record high asking price average was $ 579,676, up slightly from the previous high set last month from $ 574,271, despite a 7.7% decline in new listings compared to February 2015.
Inventory is the size of the national supply of homes for sale, expressed as nplfeb2016number weeks it would take for all the properties currently listed for sell at an average level, there must be new properties can be registered. Long-term national average was 34 weeks.
About Realestate.co.nz
Realestate.co.nz offers buyers the shortest path to the perfect property. As the official site of the New Zealand real estate industry, Realestate.co.nz dedicated to the property and has a large selection of the most comprehensive in the country from the real estate listings online. The site presents more than 97% of all residential property, commercial and rural currently marketed by real estate professionals. Focused exclusively on people who need property, Realestate.co.nz offers superior functionality, including accurate search, school zone data and mobile applications.
Glossary
Realestate.co.nz provide a valuable property market data is not available from other sources.
The average asking price provides an indication of the current market sentiment. Statistically, asking prices tend to correlate closely with the sales price recorded in the months ahead when the properties are sold. As seen on different data, the asking price average may differ from recorded sales data released at the same time.
Inventory is a measure of how long it takes, theoretically, to sell stock is currently at the level of the average time of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.
The new ad is a record of all new listing on Realestate.co.nz for the relevant calendar month. As we reflect 97% of all properties listed through a registered estate agent in New Zealand, this provides a representative view of the market.
Seasonal adjustment is a method we use to better represent the core of the underlying trend in the New Zealand property market. This is done using the methodology of the New Zealand Institute of Economic Research.
price cut is the method that we use to provide the asking price of relevant statistics. The top and bottom 10% of listings in their respective areas excluded before the average is calculated, to prevent extraordinary listing of providing false impressions. Read more here.
- ENDS -
For media inquiries, please contact:
Nicholas O'Flaherty, public relations Camino Vanessa Taylor, Realestate.co.nz
T: +64 21303181 E: +64,275,760,260
Auckland achieved a new record average price of $ 866,080 is requested high in February - up $ 101,656 in 12 months
4/
5
Oleh
rama olshop blogger
