By John Grant
Figures released today by the Real Estate Institute of New Zealand (REINZ) reveal further positive trends in terms of residential real estate turnover, median sale prices, and time to sell.
The median sale price for a North Shore City homes increased to $555,000 in September.
This compares to $537,500 in August and $508,500 in September last year. A total of 407 houses sold during the month, down on the 426 sold in August 2009. However it is well ahead of the 246 that sold in September 2008.
Nationally 6,464 residential properties sold during September. This represents an increase in sales of more than 30 percent compared with 4,499 sales in the corresponding month in 2008.
However, while volume of turnover is also up on the 5,894 sales in September 2007, it is still significantly lower than 2006 when September saw 8,658 properties change hands.
The national median price for houses sold in September was $350,000, slightly up on last month’s $346,750 median price and noticeably higher than the $330,000 of September 2008.
Related posts:
- North Shore property values increase in September reversing previous decline
- Risk Wheel Returns to North Shore Streets
