REINZ residential highlights - December 2008

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The Real Estate Institute of New Zealand (REINZ) is looking at the market optimistically. Could confidence be returning? Find out what's happening in your region below.

Thursday, January 15th 2009, 12:35PM

by The Landlord

To view your region 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, 116 houses sold in Northland in December (November 2008: 93; December 2007: 147). The median price fell to $312,500 from $322,000 in November (December 2007: $335,000).

17 houses sold in the Whangarei County area (November 2008:16; December 2007:16). The median price dropped back to $400,000 from $430,000 in November (December 2007: $430,000).

53 houses sold in Whangarei City in December, up on the 35 sold in November (December 2007: 58). The median was down at $273,000 (November 2008: $ $300,000; December 2007: $307,050).

Auckland
The median house price in Auckland rose to $440,000 in December, from $425,000 in November (December 2007: $460,000). 1,269 houses sold in December, compared with 1,411 sold in November (December 2007: 1,665).

The median sale price for a North Shore City home decreased to $490,500 in December. (November 2008: $513,250; December 2007: $516,000). 202 houses sold during the month, down on the 266 sold in November. (December 2007: 280).

Sales volume was down in Waitakere City in December with 173 sold (November 2008: 187; December 2007: 174). The median price was steady at $375,000 (November 2008: $375,000; December 2007: $376,250).

The median price for an Auckland City house increased to $490,000 in December (November 2008: $448,000 and December 2007: $510,000). 476 houses sold in December, up on the 467 sold in November 2008 (December 2007: 605).

229 houses sold in Manukau City in December (November 2008: 306; December 2007: 337). The median price was up at $431,000 from $417,000 in November (December 2007: $430,000).

The number of sales in Papakura increased by one with 41 houses sold (November 2008: 40; December 2007: 58). The median price jumped to $358,000 (November 2008: $301,000; December 2007: $380,000).

The median price for a Metropolitan Auckland house rose to $440,000 in December, up from $428,500 in November (December 2007: $460,000). 1,121 houses sold (November 2008: 1,266; December 2007: 1,454).

74 houses sold in Rodney District, up from the 69 sold in November (December 2007: 114). The median price eased up slightly to $457,000, from $455,000 in November (December 2007: $500,000).
The median price for a Franklin District home eased back to $381,500, in December, from $385,000 in November (December 2007: $379,000). 34 houses sold, down from 37 in November 2008 (December 2007: 48).

40 houses sold in Thames/Coromandel in December, up one on the 39 sold in November (December 2007:49). The median price was down at $335,000 from $380,000 in November (December 2007: $470,000).

The median price for an Outer Auckland home rose to $420,000 in December, from $401,000 in November (December 2007: $460,000). Sales volume was also up with 148 houses sold, compared with the 145 sold in November (December 2007: 211).

Waikato/Bay of Plenty/Gisborne
The median price for a house in the Waikato/Bay of Plenty/Gisborne region was relatively steady at $302,800 in December (November 2008: $302,050; December 2007: $330,000). 613 houses sold, an increase on the 606 sold in November 2008 (December 2007: 852).

Sales were down in Waikato Country in December with 84 houses sold (November 2008: 92; December 2007: 154). The median price also eased to $267,500 (November 2008: $275,000; December 2007: $272,600).

The median price for a Hamilton City house dropped to $314,500 in December, from $320,000 in November (December 2007: $337,500). Sales volume was up, with 186 houses sold in December 2008 (November 2008: 170; December 2007: 231).

Sales volume was also up in Western Bay of Plenty Country with 42 houses sold, an increase on the 31 sold in November. The median price was up too at $322,500 from $310,000 in November. In December 2007, 57 houses sold with a median sale price of $400,000.

The median price for a house in Mt Maunganui/Papamoa increased to $435,000 in December, from $415,000 in November (December 2007: $450,500). 46 houses sold, down on the 50 sold in November 2008 (December 2007: 76).

64 houses sold in Tauranga in December, down from the 91 sold in November (December 2007: 94). The median price increased to $357,125, from $323,500 in November (December 2007: $362,000).

Rotorua’s median price rose to $230,000 in December, from $221,000 in November (December 2007: $255,000). 67 houses sold, down from the 76 sold in November (December 2007: 91).

36 houses sold in Taupo in December, an increase on the 30 sold in November (December 2007: 36). The median price also increased to $345,000 in December from $312,250 in November (December 2007: $382,500).

The median price for a King Country home dropped to $141,500 in December (November 2008: $185,000; December 2007: $217,000). Eight houses sold, an increase of one from the seven sold in November (December 2007: 10).

The median price for a Gisborne City home eased slightly to $240,000 from $241,500 in November (December 2007: $257,500). Sales volume was down with 33 houses sold, compared with the 40 sold in November (December 2007: 34).

Three houses sold in Gisborne Country in December (November 2008: two; December 2007: two). The median price was $280,000 compared with $285,000 in November 2008 (December 2007: $230,000).

The median price for a house in Eastern Bay of Plenty Country increased to $267,500 in December, up from $250,000 in November (December 2007: $298,000). 44 houses sold, a jump in numbers from the 17 sold in November. 67 sold in December 2007.

Hawke's Bay
Sales volume was up in the Hawkes Bay in December with 166 houses sold (November 2008: 147; November 2007: 246). The median price dropped to $265,000 (November 2008: $292,500; December 2007: $273,267).

The median price for a house in Napier City eased slightly to $291,000 in December (November 2008: $293,026; December 2007: $309,000). 70 houses sold in December (November 2008: 56; December 2007: 99).

65 houses sold in Hastings City in December 2008, up from 58 in November 2008 (December 2007: 81). The median price was down at $259,500 from $287,500 in November (December 2007: $281,000).

Hawke's Bay Country’s median price dipped to $135,000 in December, from $382,500 in November (December 2007: $240,000). Seven homes sold in December (November 2008: 16; December 2007: 26).

Manawatu/Wanganui
The median price for a house in the Manawatu/Wanganui districts was down to $223,500 in December (November 2008: $229,500; December 2007: $244,000). 212 houses sold in December, down on the 222 sold in November (December 2007: 289).

The median sales price for a house in Palmerston North City eased back to $250,000 in December. (November 2008: $255,000; December 2007: $267,500). 91 houses sold (November 2008: 105; December 2007: 121).

Sales volume was up one in Manawatu Country with 25 houses sold (November 2008: 24; December 2007:28). The median price rose to $212,000 from $187,500 in November (December 2007: $220,000).

The median price in the Manawatu was down at $230,000 in December (November 2008: $238,500; December 2007: $255,000). The number of sales was also down with 167 houses sold (November 2008: 176; December 2007: 211).

30 houses sold in Wanganui City in December, down from the 36 sold in November (December 2007: 57). The median price was also down at $160,000 from $187,500 in November (December 2007: $195,000).
The median sale price in Wanganui slipped to $172,500 in December, from $182,000 in November (December 2007: $194,400). 45 houses sold, down one on the 46 sold in November 2008 (December 2007: 78).

Taranaki
The median price for a house in Taranaki remained steady at $260,000 in December (November 2008: $260,000; December 2007: $260,000). 125 houses sold, down on the 135 sold in November (December 2007: 150).

17 houses sold in the Taranaki Country area in December (November 2008: 21; December 2007: 25). The median price dropped to $164,000 from $210,000 in November (December 2007: $232,500).

The median sale price for a New Plymouth City house fell to $280,000 (November 2008: $310,000; December 2007: $293,500). 66 houses sold in December (November 2008: 63; December 2007: 70).

Wellington
Wellington’s median price eased up slightly to $370,000 in December from November 2008’s $369,000. (December 2007: $370,000). The number of sales was down at 489 for December, compared with 509 sold in November 2008. (December 2007: 598).

44 houses sold in the Wairarapa in December (November 2008: 33; December 2007: 52). The median price was down to $240,000 from $252,500 in November (December 2007: $266,000).

The median price for an Upper Hutt house was down at $265,000 (November 2008: $310,075; December 2007: $340,500). 35 houses sold, down on the 46 sold in November (December 2007: 68).

97 houses sold in the Hutt Valley (November 2008: 90; December 2007:129). The median price jumped to $360,000 from $327,000 in November 2008 (December 2007: $314,500).

The median price for a house in Otaki/Paekakariki eased to $317,500 in December (November 2008: $320,000; December 2007: $337,000). 69 houses sold (November 2008: 76; December 2007: 101).

42 houses sold in Pukerua Bay/Tawa in December, a decrease on the 68 sales in November (December 2007: 46). The median price also decreased to $385,000 from $392,500 in November (December 2007: $360,000).

Sales numbers in Central Wellington rose to 53 from 44 in November 2008. (December 2007: 49). The median price increased to $430,000 from $372,500 in November (December 2007: $415,000).

Nelson/Marlborough
The median price for a Nelson/Marlborough house slipped back to $300,000 in December (November 2008: $338,500; December 2007: $338,000). 189 houses sold (November 2008: 154; December 2007: 249).

73 houses sold in Nelson City in December (November 2008: 59; December 2007: 97). The median price fell to $270,000 from $330,000 in November (December 2008: $320,000).

The median price for a Nelson Council zone house decreased to $296,000 in December (November 2008: $321,000; December 2007: $330,000). 115 houses sold (November 2008: 95; December 2007: 155).

74 houses sold in Marlborough in December (November 2008: 59; December 2007: 94). The median price fell to $312,000 from $350,000 in November (December 2007: $355,000).

Canterbury/Westland
Sales volume was up in Canterbury/Westland with 705 houses sold in December (November 2008: 607; December 2007: 825). The median sale price eased slightly to $299,000 from $300,500 in November (December 2007: $315,000).

The median price for a house in Christchurch City decreased to $310,000 in December, from $320,000 in November (December 2007: $336,000). 509 houses sold (November 2008: 430; December 2007: 527).

The median price for a home in Rangiora rose to $323,250 in December (November 2008: $290,500; December 2007: $284,000). 20 houses sold, down two on the 22 in November 2008. (December 2007: 34).

The median price for a North Canterbury house was down to $279,000 in December, from $298,500 in November (December 2007: $297,155). 13 houses sold, up on the 10 sold in November (December 2007: 16).

The median price for a Canterbury Country home dropped to $325,000 in December, from $370,000 in November (December 2007: $390,000). 41 houses sold (November 2008: 26; December 2007: 43).

The numbers of houses sold in Mid Canterbury in December was steady at 22. (November 2008: 22; December 2007: 36). The median price fell to $237,500 from $255,000 in November and $287,500 in December 2007.

Sales increased in Timaru in December, with 38 houses sold (November 2008: 34; December 2007: 52). The median price eased back to $195,500 in December, from $200,000 in November (December 2007: $234,000).

The median price for a house on the West Coast eased up slightly to $225,000 in December from $224,000 in November (December 2007: $185,000). 23 houses sold, up on the 19 sold in November (December 2007: 31).

196 houses sold in Outer Canterbury in December (November 2008: 177; December 2007: 298). The median price slipped to $247,750 in December from $260,000 in November (December 2007: $270,000).

Central Otago Lakes
84 houses sold in December, up from the 69 sold in November (December 2007: 124). The median price dropped to $427,500 in December. (November 2008: $475,000; December 2007: $419,000).

The median price for a house in Central Otago decreased to $376,500 in December (November 2008: $440,000; December 2007: $363,000). 40 houses sold (November 2008: 33; December 2007: 81).

Sales volume increased in Queenstown with 44 houses sold in December, up from the 36 sold in November (December 2007: 43). The median price dropped to $450,500 (November 2008: $500,000; December 2007: $550,000).

Otago
221 houses sold in Otago in December, up on the 203 sold in November (December 2007: 260). The median price increased to $230,000 from $223,000 in November (December 2007: $250,050).

Sales volume was down in North Otago with 21 houses sold (November 2008: 32; December 2007: 34). The median rose slightly to $188,000 from $187,500 in November (December 2007: $202,500).

The median price in Dunedin City increased to $245,000 in December from $232,500 in November (December 2007: $260,000). 180 houses sold (November 2008: 153; December 2007: 208).

The number of sales was up in South Otago with 16 houses sold (November 2008: 13; December 2007: 11). The median price fell to $162,500 from $190,000 in November (December 2007: $176,000).

Four houses sold in East Otago in December, with a median price of $260,000 compared with five sales in November with a median of $245,000. (December 2007: seven sales with a median of $231,000).

Southland
Sales volume was down in Southland with 113 houses sold (November 2008: 123; December 2007: 192). The median price rose slightly to $166,000 from $165,000 in November (December 2007: $191,000).

Sales volume was down in Invercargill at 75 for December (November 2008: 89; December 2007: 125). The median price was also down at $152,000 (November 2008 $175,000; December 2007: $199,000).

The median price for a house in Gore rose to $165,000 in December from $120,000 in November (December 2007: $164,500). 21 houses sold during the month, up on the 13 sold in November 2008 (December 2007: 28).

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