Taranaki Property Investors' Association

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News & Updates

Recent updates

19-01-2010

REINZ residential highlights - December 2009

Landlords.co.nz

House prices rose in 11 of the 12 regions throughout the country in December last year. Find out what else is happening in the main areas.

To view the regions quickly, use the links below:

Northland

In total, 113 houses sold in Northland in December (November 2009: 146; December 2008: 116). The median price decreased to $306,000 from $341,000 in November (December 2008: $312,500).

10 houses sold in the Whangarei County area (November 2009: 28; December 2008:17). The median price increased to $425,000 from $391,500 in November (December 2008: $400,000).

51 houses sold in Whangarei City in December, down from 63 in November 2009 (December 2008: 53). The median was down at $280,000 (November 2009: $325,000; December 2008: $273,000).

Auckland

The median house price in Auckland remained unchanged at $470,000 in December (November 2009: $470,000 December 2008: $440,000). 1,646 houses sold in December, compared with 2,192 sold in November (December 2008: 1,269)

The median sale price for a North Shore City home decreased to $526,500 in December. (November 2009: $560,000; December 2008: $490,500).  320 houses sold during the month, down on the 428 sold in November 2009. (December 2008: 202).

Sales volume was down in Waitakere City in December with 165 sold (November 2009: 281; December 2008: 173).  The median price remained unchanged at $385,000 (November 2009: $385,000; December 2008: $375,000).

The median price for an Auckland City house decreased to $520,500 in December (November 2009: $525,000 and December 2008: $490,000). 622 houses sold in December, down on the 778 sold in November 2009 (December 2008: 476).

297 houses sold in Manukau City in December (November 2009: 394; December 2008: 229). The median price decreased to $457,000 from $462,500 in November (December 2008: $431,000).

The number of sales in Papakura was down with 43 houses sold in December 2009. (November 2009: 55; December 2008: 41). The median price was up at $337,000 (November 2009: $325,000; December 2008: $358,000).

The median price for a Metropolitan Auckland house was up slightly at $480,000 in December, from $479,000 in November (December 2008: $440,000).  1,447 houses sold (November 2009: 1,936; December 2008: 1,121).

101 houses sold in Rodney District, down from the 147 sold in November (December 2008: 74). The median price was up at $465,000, from $460,000 in November (December 2008: $457,000).

The median price for a Franklin District home decreased to $344,500 in December, from $375,000 in November (December 2008: $381,500).  62 houses sold, up on the 52 sales in November 2009 (December 2008: 34).

36 houses sold in Thames/Coromandel in December, down from the 57 sales in November (December 2008: 40). The median price decreased to $353,200 from November's $365,000 (December 2008: $335,000).

The median price for an Outer Auckland home was down at $405,000 in December, from $423,250 in November (December 2008: $420,000). Sales volume was down with 199 houses sold, compared with the 256 sold in November (December 2008: 148).

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 December (November 2009: $320,000; December 2008: $302,800). 715 houses sold, a decrease on the 828 sold in November 2009 (December 2008: 613).

Sales were down in Waikato Country in December with 120 houses sold (November 2009: 147; December 2008: 84). The median price was up at $283,000 (November 2009: $255,000; December 2008: $267,500).

The median price for a Hamilton City house increased to $350,000 in December. (November 2009: $328,500; December 2008: $314,500). Sales volume was down, with 197 dwellings sold in December 2009 (November 2009: 221; December 2008: 186).

Sales volume was down in Western Bay of Plenty Country with 53 houses sold, a decrease on the 58 sold in November. The median price decreased to $365,000 from $377,750 in November. In December 2008, 42 houses sold with a median sale price of $322,500.

The median price for a house in Mt Maunganui/Papamoa increased to $440,000 in December, from $407,000 in November (December 2008: $435,000).  59 houses sold, down on the 81 sold in November 2009 (December 2008: 46).

95 houses sold in Tauranga in December, down on the 114 sold in November (December 2008: 64). The median price was down at $337,500 (November 2009: $355,000; December 2008: $357,125).

Rotorua's median price decreased to $215,100 in December, from $229,000 in November (December 2008: $230,000). 63 houses sold, down from the 69 sold in November (December 2008: 67). 

30 houses sold in Taupo in December, down from the 44 sold in November (December 2008: 36). The median price increased slightly to $346,500 in December from $346,000 in November (December 2008: $345,000).

The median price for a King Country home dropped to $109,500 in December (November 2009: $206,500; December 2008: $141,500). Eight houses sold, down from the 12 sold in November (December 2008: eight).

The median price for a Gisborne City home decreased to $252,500 from $256,500 in November (December 2008: $240,000). Sales volume was up with 48 houses sold.  (November 2009: 34; December 2008: 33).

The median price for a house in Eastern Bay of Plenty Country increased to $295,000 in December, up from $275,000 in November (December 2008: $267,500). 39 houses sold; down from the 47 sold in November (December 2008: 44).

Hawke's Bay

Sales volume was down in the Hawke's Bay in December with 182 houses sold (November 2009: 225; December 2008: 166). The median price increased to $290,000 (November 2009: $275,000; December 2008: $265,000).

The median price for a house in Napier City increased to $313,750 in December (November 2009: $284,000; December 2008: $291,000). 76 houses sold in December (November 2009: 93; December 2008: 70).

65 houses sold in Hastings City in November 2009, down from 91 in November 2009 (December 2008: 65).  The median price was up at $306,500 from $284,000 in November (December 2008: $259,500).

Hawke's Bay Country's median price increased to $366,000 in December, from $330,000 in November (December 2008: $135,000).  10 homes sold in December (November 2009: 15; November 2008: seven).

Manawatu/Wanganui

The median price for a house in the Manawatu/Wanganui district was steady at $230,000 in December (November 2009: $230,000; December 2008: $223,500). 204 houses sold in December, down on the 281 sold in November (December 2008: 212).

The median sale price for a house in Palmerston North City decreased to $264,000 in December. (November 2009: $270,000; December 2008: $250,000). 92 houses sold (November 2009: 118; December 2008: 91).

Sales volume was down in Manawatu Country with 21 houses sold (November 2009: 23; December 2008: 25). The median price decreased to $177,000 from $190,000 in November (December 2008: $212,000).

The median sale price in Manawatu decreased to $237,000 in December (November 2009: $245,000; December 2008: $230,000). The number of sales was down with 150 houses sold (November 2009: 220; December 2008: 167).

32 houses sold in Wanganui City in December, down from the 44 sold in November (December 2008: 30). The median price was up at $206,500 from $184,000 in November (December 2008: $160,000).

The median sale price in Wanganui increased to $207,000 in December. (November 2009: $175,000; December 2008: $172,500). 54 houses sold, down on the 61 sold in November 2009 (December 2008: 45).

Taranaki

The median price for a house in Taranaki increased to $280,000 in December (November 2009: $277,000; December 2008: $260,000). 141 houses sold, down from the 149 sold in November (December 2008: 125).

25 houses sold in the Taranaki Country area in December (November 2009: 27; December 2008: 17). The median price increased to $232,000 from $202,000 in November (December 2008: $164,000).

The median sale price for a New Plymouth City house decreased to $335.000 (November 2009: $338,000; December 2008: $280,000).  The number of sales was down slightly with 69 houses sold in December (November 2009: 71; December 2008: 66).

Wellington

Wellington's median price increased to $400,000 in December from November 2009's $391,500. (December 2008: $370,000). The number of sales was down at 548 for December, compared with 665 sold in November 2009.  (December 2008: 489).

55 houses sold in the Wairarapa in December (November 2009: 47; December 2008: 44). The median price was up at $260,000 from $232,000 in November (December 2008: $240,000).

The median price for an Upper Hutt house decreased to $305,000 (November 2009: $338,400; December 2008: $265,000). 43 houses sold, down on the 48 sold in November (December 2008: 35).

87 houses sold in the Hutt Valley (November 2009: 133; December 2008: 97). The median price was up at $362,000 from $340,000 in November 2009 (December 2008: $360,000).

The median price for a house in Otaki/Paekakariki increased to $335,000 in December (November 2009: $325,000; December 2008: $317,500). 81 houses sold (November 2009: 127; December 2008: 69).

52 houses sold in Pukerua Bay/Tawa in December, down from 70 sales in November (December 2008: 42). The median price was down at $371,000 (November 2009: $386,500; December 2008: $385,000).

Sale numbers in Central Wellington were up to 52 from 47 in November 2009. (December 2008: 53). The median price decreased to $484,000 from $570,000 in November (December 2008: $430,000).

Nelson/Marlborough

The median price for a Nelson/Marlborough home increased to $343,500 in December (November 2009: $326,000; December 2008: $300,000).  195 houses sold (November 2009: 199; December 2008: 189).

81 houses sold in Nelson City in December (November 2009: 100; December 2008: 73). The median price increased to $355,000 (November 2009: $320,000; December 2008: $270,000).

The median price for a Nelson Council zone house was up at $367,500 in December (November 2009: $326,500; December 2008: $296,000). 128 houses sold (November 2009: 148; December 2008: 115).

67 houses sold in Marlborough in December (November 2009: 51; December 2008: 74). The median price decreased to $285,000 from $310,000 in November (December 2008: $312,000).

Canterbury/Westland

Sales volume was down in Canterbury/Westland with 754 houses sold in December (November 2009: 832; December 2008: 705). The median sale price increased to $320,000. (November 2009: $310,000; December 2008: $299,000).

The median price for a house in Christchurch City was up at $347,250 in December, from $327,555 in November (December 2008: $310,000). 506 houses sold (November 2009: 565; December 2008: 509).

The median price for a home in Rangiora decreased to $276,000 in December (November 2009: $330,000; December 2008: $323,250). Sale numbers were up with 35 houses sold. (November 2009: 26; December 2008: 20).

The median price for a North Canterbury house decreased to $272,500 in December, from $324,250 in November (December 2008: $279,000). 23 houses sold, down on the 26 sold in November (December 2008: 13).

The median price for a Canterbury Country home increased to $380,600 in December, from $370,000 in November (December 2008: $325,000).  33 houses sold (November 2009: 40; December 2008: 41).

The number of houses sold in Mid Canterbury in December was down with 34 sales recorded (November 2009: 46; December 2008: 22).  The median price was also down at $246,500 from $260,000 in November.  (December 2008: $237,500).

Sales volume was down in Timaru in November, with 42 houses sold (November 2009: 54; December 2008: 38). The median price decreased slightly to $218,000 in December, from $220,000 in November (December 2008: $195,500).

The median price for a house on the West Coast was down at $202,500 in December from $227,750 in November (December 2008: $225,000). 37 houses sold, up on the 28 sold in November (December 2008: 23). 

248 houses sold in Outer Canterbury in December (November 2009: 267; December 2008: 196). The median price was down at $250,000 in December (November 2009: $270,000; December 2008: $247,750).

Central Otago Lakes

95 houses sold in December, down from the 99 sold in November (December 2008: 84). The median price was down at $432,500 (November 2009: $441,000; December 2008: $427,500).

The median price for a house in Central Otago increased to $417,000 in December (November 2009: $365,000; December 2008: $376,500). 53 houses sold (November 2009: 53; December 2008: 40).

Sales volume was down in Queenstown with 42 houses sold in December, compared with the 46 sold in November (December 2008: 44). The median price was also down at $481,000 (November 2009: $560,000; December 2008: $450,500).

Otago

231 houses sold in Otago in December, down from November's 275 (December 2008: 221).  The median price decreased to $230,000 from $240,000 in November (December 2008: $230,000).

Sales volume was down in North Otago with 30 houses sold (November 2009: 41; December 2008: 21). The median sale price decreased to $186,500 from $192,000 in November (December 2008: $188,000).

The median price in Dunedin City decreased to $243,000 in December from $256,752 in November (December 2008: $245,000). 185 houses sold (November 2009: 210; December 2008: 180).

The number of sales was down in South Otago with 15 houses sold (November 2009: 19; December 2008: 16). The median price increased to $200,000 from $175,000 in November (December 2008: $162,500).

Southland

Sales volume was down in Southland with 133 houses sold (November 2009: 165; December 2008: 113). The median price increased slightly to $184,000 from $182,000 in November (December 2008: $166,000).

Sales volume was down in Invercargill at 86 for December (November 2009: 118; December 2008: 75). The median price decreased to $189,025 (November 2009: $195,000; December 2008: $152,000).

The median price for a house in Gore increased to $141,000 in December from $138,500 in November (December 2008: $165,000).  29 houses sold during the month (November 2009: 27; December 2008: 21).

Source: Landlords.co.nz

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