Residential Highlights – July 2008

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The Real Estate Institute of New Zealand's July housing statistics are out now. To see what's happening in your region, click on the links below.

Tuesday, August 12th 2008, 5:01PM

by The Landlord

To view your region quickly:

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, 119 houses sold in Northland in July (June 2008: 108; July 2007: 222). The median price rose to $315,000 from $302,750 in June (July 2007: $316,500).

14 houses sold in the Whangarei County area in July (June 2008: 13; July 2007: 31). The median price rose to $454,000 from $427,500 in June (July 2007: $420,000).

61 houses sold in Whangarei City in July (June 2008: 52; July 2007: 118). The median price rose to $304,000 in July, from $301,000 in June (July 2007: $310,000).

Auckland
The median house price in Auckland eased to $421,000 in July, from $435,000 in June (July 2007: $445,000). In total, 1,411 houses sold, down on the 1,466 sold in June (July 2007: 2,446).

The median sales price for a North Shore City home eased to $483,500 in July, from $510,000 in June (July 2007: 555). 230 houses sold, down on the 271 sold in June (July 2007: 395).

Sales volume rose in Waitakere City in July with 188 houses sold (June 2008: 169; July 2007: 311). The median price increased, reaching $355,000 in July (June 2008: $337,000; July 2007: $396,125).

The median price for an Auckland City house eased to $443,000 in July (June 2008: $472,100; July 2007: $496,600). 532 houses sold in July, 10 less than the 542 sold in June (July 2007: 778).

276 houses sold in Manukau City in July (June 2008: 265; July 2007: 570). The median price fell to $426,250 from $442,000 in June (July 2007: $385,000).

Sales eased in Papakura with 38 houses sold (June 2008: 51; July 2007: 93). The median price also eased to $302,500 in July from $320,000 in June (July 2007: $320,000).

The median price for a Metropolitan Auckland house eased to $425,000 in July (June 2008: $440,000; July 2007: $442,500). In total, 1,264 houses sold, down on the 1,298 sold in June (July 2007: 2,147).

68 houses sold in Rodney District, down on the 77 sold in June (July 2007: 160). The median price dipped to $455,000 from $470,000 in June (July 2007: $488,250).

The median price for a Franklin District home rose to $379,000 in July (June 2008: $368,000; July 2007: $388,000). 50 houses sold, one more than the 49 sold in June (July 2007: 85).

29 houses sold in the Thames/Coromandel region in July, down on the 42 sold in June (July 2007: 54). The median price eased to $352,500 from $377,500 in June (July 2007: $433,000).

The median price for an Outer Auckland home reached $410,000 in July, up from $407,500 in June (July 2007: $450,000). 147 houses sold (June 2008: 168; July 2007: 299).

Waikato/Bay of Plenty/Gisborne
The median price for a house in the Waikato/Bay of Plenty/Gisborne region rose to $325,000 in July (June 2008: $316,000; July 2007: $320,000). 637 houses sold (June 2008: 581; July 2007: 949).

Sales rose in Waikato Country in July with 115 houses sold (June 2008: 112; July 2007: 194). The median price also rose, to $275,000 in July (June 2008: $244,250; July 2007: $247,500).

The median price for a Hamilton City house reached $335,000 in July, from $323,000 in June (July 2007: $350,000). 146 houses sold in July, down on the 158 sold in June (July 2007: 232).

Sales volume rose in Western Bay of Plenty Country in July with 47 houses sold (June 2008: 33; July 2007: 71). The median price reached $400,000 in July (June 2008: $382,500; July 2007: $339,000).

The median price for a house in Mt Maunganui/Papamoa reached $412,500 in July (June 2008: $398,000; July 2007: $420,000). 51 houses sold, five more than the 46 sold in June (July 2007: 61).

97 houses sold in Tauranga in July, up on the 75 sold in June (July 2007: 126). The median price eased to $350,000 in July (June 2008: $363,000; July 2007: $372,750).

Rotorua’s median price rose to $271,250 in July, from $255,000 in June (July 2007: $261,400). 71 houses sold in July, up on the 37 sold in June (July 2007: 104).

24 houses sold in Taupo in July, down on the 30 sold in June (July 2007: 51). The median price increased to $361,250 from $360,500 in June (July 2007: $350,000).

The median price for a King Country home rose substantially in July, reaching $162,500 (June 2008: $97,500; July 2007: $105,000). 14 houses sold during the month (June 2008: 12; July 2007: 13).

The median price for a Gisborne City home eased to $212,000 in July, from $220,000 in June and $302,000 in July 2007. 31 houses sold, three more than the 28 sold in June (July 2007: 35).

Just one house sold in Gisborne Country in July, down on the four sold in June and the three sold in July 2007. The median price achieved was $67,000 (June 2008: $275,000; July 2007: $290,000).

Sales eased in Eastern Bay of Plenty Country with 40 houses sold in July (June 2008: 46; July 2007: 59). The median price decreased to $257,500 in July, from $288,750 in June (July 2007: $289,000).

Hawke's Bay
Sales volume increased in the Hawkes Bay in July with 167 houses sold (June 2008: 136; July 2007: 239). The median price also rose to $282,000 (June 2008: $261,000; July 2007: $287,000).

The median price for a house in Napier City reached $312,000 in July, up from $292,500 in June and $311,000 in July 2007. 83 houses sold, 31 more than the 52 sold in June (July 2007: 102).  

56 houses sold in Hastings City in July 2008 (June 2008: 57; July 2007: 98). The median price rose to $270,000 in July, up from $250,000 in June (July 2007: $279,000).

Hawkes Bay Country’s median price improved to reach $430,000 in July, from $395,000 in June and $365,000 in July 2007. Ten houses again sold during the month (June 2008: ten; July 2007: 13).

Manawatu/Wanganui
The median price for a house in the Manawatu/Wanganui region rose to $233,750 in July, from $213,750 in June and $230,000 in July. 230 houses sold (June 2008: 196; July 2007: 351).

The median sales price for a house in Palmerston North City increased to $272,500 in July, from $240,000 in June (July 2007: $287,094). 112 houses sold (June 2008: 88; July 2007: 134).

Sales increased slightly in Manawatu Country with 25 houses sold (June 2008: 16; July 2007: 37). The median price also improved, reaching $235,000 from $162,500 in June (July 2007: $197,500).

The median price in the Manawatu Region rose to $260,000 in July, from $222,500 in June and $247,500 in July 2007. 165 houses sold (June 2008: 141; July 2007: 247).

44 houses sold in Wanganui City in July, two more than the 42 sold in June (July 2007: 75). The median price rose to $187,500 in July, up from $155,000 in June and $171,000 in July 2007.

The median price in the Wanganui Region rose to $185,000 in July from $166,000 in June (July 2007: $173,500). 65 houses sold in July (June 2008: 55; July 2007: 104).

Taranaki
The median price for a house in Taranaki rose to $265,000 in July, up from $255,000 in both June 2008 and July 2007. 155 houses sold (June 2008: 135; July 2007: 151).

28 houses sold in the Taranaki Country region in July (June 2008: 18; July 2007: 19). The median price eased from $222,500 in June to $190,000 in July (July 2007: $190,000).

The median sales price for a New Plymouth City house remained steady at $285,000 in both June and July 2008 (July 2007: $310,000). 76 houses sold in July (June 2008: 69; July 2007: 67).

Wellington
Wellington’s median price increased to $371,000 in July, from $366,500 in June and $360,000 in July 2007. In total, 503 houses sold, up on the 458 sold in June (July 2007: 652).

39 houses sold in the Wairarapa in July (June 2008: 45; July 2007: 67). The median price rose to $252,500 from $247,000 in June (July 2007: $250,000).
The median price for an Upper Hutt house eased slightly to $315,000 from $325,000 in June (July 2007: $342,500). 57 houses sold, 20 more than the 37 sold in June (July 2007: 62).

98 houses sold in the Hutt Valley, up on the 91 sold in June and down on the 140 sold in July 2007. The median price rose from $305,500 in June to $337,250 in July (July 2007: $340,000).

The median price for a house in Otaki/Paekakariki eased to $303,000 in July, from $332,500 in June and $351,300 in July 2007. 65 houses sold, five more than the 60 sold in June (July 2007: 100).

Sales rose slightly in Pukerua Bay/Tawa in July, with 46 houses sold (June 2008: 43; July 2007: 54). The median price also fell to $337,800 in July from $367,000 in June (July 2007: $345,000).

47 houses sold in Central Wellington in July, up on the 40 sold in June (July 2007: 84). The median price increased to $420,000 in July, from $387,500 in June and $337,000 in July 2007.

Nelson/Marlborough
The median price for a Nelson/Marlborough house eased to $330,000 in July, from $335,000 in June (July 2007: $320,000). 177 houses sold, up on the 169 sold in June (July 2007: 224).

61 houses sold in Nelson City in July, down from 67 in June (July 2007: 89). The median price eased to $310,000 from $345,000 in June and $319,000 in July 2007.

The median price for a Nelson Council zone house eased to $330,000 in July, from $345,000 in June and $320,000 in July 2007. 107 houses sold during the month (June 2008: 108; July 2007: 140).

70 houses sold in Marlborough in July (June 2008: 61; July 2007: 84). The median price increased to $324,000 from $315,000 in June and $319,500 in July 2007.

Canterbury/Westland
675 houses sold in Canterbury/Westland in July, up on the 666 sold in June (July 2007: 886). The median price also rose to $300,000 from $299,000 in June (July 2007: $310,000).

The median price for a house in Christchurch City reached $316,500 in July, up from $315,000 in June (July 2007: $330,000). 481 houses sold, up on the 479 sold in June (July 2007: 589).

The median price for a home in Rangiora eased to $290,000 in July, from $318,750 in June (July 2007: $318,000). 20 houses sold, two less than the 22 sold in June (July 2007: 29).

14 houses sold in North Canterbury in July (June 2008: 16; July 2007: 34). The median price achieved eased however to $247,500 from $290,000 in June (July 2007: $285,000).

The median price for a Canterbury Country home dipped to $335,000 in July from $365,000 in June (July 2007: $389,000). 47 houses sold, up on the 22 sold in June 2008 (July 2007: 32).
29 houses sold in Mid Canterbury in both June and July 2008 (July 2007: 42). The median price rose to $257,000 in July, from $248,000 in June (July 2007: $264,500).

Sales fell slightly in Timaru in July, with 29 houses sold (June 2008: 33; July 2007: 62). The median price rose to $230,000 in July, well up on June’s median price of $195,000 (July 2007: $228,000).

The median price for a house on the West Coast rose to $191,500 in July, from $185,000 in June and $162,500 in July 2007. 30 houses sold, up on the 25 sold in June (July 2007: 32).

194 houses sold in Outer Canterbury in July (June 2008: 187; July 2007: 297). The median price increased to $263,000 in July from $250,000 in June and $262,000 in July 2007.

Central Otago Lakes
69 houses sold in July, eight more than the 61 sold in June (July 2007: 84). The median price reached $565,000 in July, up from $514,000 in June (July 2007: $452,500).

The median price for a house in Central Otago rose to $497,500 in July, from $440,000 in June (July 2007: $364,750). 26 houses sold (June 2008: 22; July 2007: 48).

Sales volume rose slightly in Queenstown with 43 houses sold in July (June 2008: 39; July 2007: 36). The median price rose to $586,667 from $580,000 in June (July 2007: $592,500).

Otago
217 houses sold in Otago in July, up on the 177 sold in June (July 2007: 238). The median price rose to $240,000 from $225,000 in June and $227,875 in July 2007.

Sales volume dipped in North Otago with 23 houses sold (June 2008: 27; July 2007: 30). The median price rose to $205,000 in July, from $200,000 in June (July 2007: $208,250).

The median price for a house in Dunedin City increased to $249,500 in July, from $244,600 in June and $247,000 in July 2007. 180 houses sold (June 2008: 131; July 2007: 170).

Sales volume eased in South Otago with 11 houses sold (June 2008: 16; July 2007: 31). The median price eased to $130,000, from $151,000 in June (July 2007: $165,000).
 
Three houses sold in East Otago in June and July 2008 (July 2007: seven). The median price eased to $135,000 in July from $233,000 in June and $187,000 in July 2007.

Southland
Sales volume fell in Southland with 129 houses sold (June 2008: 152; July 2007: 218). The median price eased to $172,000 in July, from $182,500 in June and $185,000 in July 2007.

Sales volume eased in Invercargill in July with 87 houses sold (June 2008: 101; July 2007: 157). The median price eased also to $183,000 from $185,000 in June and $197,000 in July 2007.

The median price for a house in Gore eased to $147,500 in July, from $158,000 in June (July 2007: $115,000). 20 houses sold, six less than the 26 sold in June (July 2007: 29).

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