Locations Wanaka is pleased to offer sales data for the Wanaka property market. Data Source: REINZ
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The 2010 ‘report card’ is not quite out with December property sales for the Wanaka area still work in progress. This said we thought you’d appreciate an executive summary of REINZ reported sales for the 11-months year-to-date.
Following is the latest property data for the Wanaka Area profiling property sales reported in the month of November.
Report Period: 11-months January - November 2010 comparing Jan- Nov 2009
□ REINZ reported sales for the Wanaka Area. Private sales not included.
Property Type
Sales Jan- Nov 2010
Median Sell Price ($)
Sales Jan- Nov 2009
Median Sell Price($)
Residential Dwellings
197
$481,000
181
$445,000
Townhouse
6
$430,000
9
$470,000
Unit
6
$320,000
10
$384,500
Apartment
8
$335,000
11
$531,000
Vacant Land
88
$225,000
93
$245,000
Rural Lifestyle Block
10
$383,125
24
$552,500
Residential Invest Block
3
$1,850,000
Total
315
Total
331
Wanaka Area Property Sales- Month of November 2010
Following is our ‘desktop review’ of the latest sales data for the Wanaka area.
□ REINZ reported sales. Private sales not included.
Type
Nov 2010
Oct 2010
Nov 2009
Number of Sales
Residential Dwellings
13
12
19
Apartments
1
1
1
Townhouses
1
2
Units
1
Sections / Vacant
2
4
10
Rural Lifestyle Blocks
1
1
Total
16
19
34
Value of Sales ($)
Residential Dwellings
$6,557,000
$7,996,000
$9,510,500
Apartments
$ 145,000 (1)
$ 450,000
$ 560,000
Townhouse
$ 450,000
$1,022,000
Units
$ 289,000
Sections / Vacant
$ 495,000
$1,445,000
$3,278,000
Rural Lifestyle Blocks
$ 316,250
$1,100,000
Total
$7,197,000
$10,657,250
$15,759,500
Median Sell Price
Residential Dwellings
$477,000
$530,500
$448,000
Apartments
$145,000 (1)
$450,000 (1)
$560,000 (1)
Townhouses
$450,000 (1)
$511,000
Units
$289,000 (1)
Sections / Vacant (2)
$247,500 (2)
$250,000
$335,000
Rural Lifestyle Block (1)
$316,250 (1)
$1,100,000 (1)
Median Days to Sell
Dwellings all types
80–days.
53–days.
50-days
Sections / Vacant
Excludes Rural
261-days.
88-days.
255-days
Wanaka Area Sales Mix – November 2010 comparing November 2009
Property Type
Sales Nov-10
% Of Total Sales
Sales Nov-09
% Of Total Sales
Residential
13
81.25%
19
55.9%
Unit
1
2.9%
Townhouse
2
5.8%
Apartment
1
6.25%
1
2.9%
Vacant Land
2
12.5%
10
29.6%
Rural Lifestyle BLK
1
2.9%
Analysis of Sell Price: (Residential dwellings) November-10 comparing November-09
Sales Price Point (Residential Dwellings only)
November 2010
November 2009
$100K > $199K
7.6% of all sales
$200K > $299K
15.8% of all sales
5.2% of all sales
$300K > $399K
7.6% of all sales
26.4% of all sales
$400K > $499K
23.0% of all sales
26.4% of all sales
$500K > $599K
23.0% of all sales
26.4% of all sales
$600K > $749K
5.2% of all sales
$750K > $999K
23.0% of all sales
5.2% of all sales
$1m > $1.249M
5.2% of all sales
September Sales by Area and Sell Method
Residential Dwelling Sales by Area / Suburb -Total 13 Sales
Street/ Road/ Area
Nov 2010 Sales
Street/ Road/ Area
Nov 2010 Sales
Lake Hawea
Timsfield Drive
Bodkin St
Lakeview Tce
1(PT)
1(PT)
1(PT)
Luggate Park
Alice Burn Drive
1(PT)
Albert Town
Ash Ave
Clan Mac Rd
1(A) 1(PT)
1(PT)
Meadowstone
Old Station Ave
Kelliher Drive
Meadowstone Drive
1(PT)
1(PT)
1(PT)
Wanaka
Cherry Court
Tapley Paddock
1(PT)
1(PT)
Peninsula Bay
Forrest Heights
1(PT)
·12 sales by Private Treaty (92%)
·1 sale by Auction (8%)
·Sell prices ranged from $150,000 (Timsfield Drive) through $950,000 for a Forrest Heights home
Vacant Land Sales by Area/ Suburb –Total 2 Sales:
Street/ Road/ Area
Nov 2010 Sales
Street/ Road/ Area
Nov2010 Sales
Luggate Park
Harris Place
1(PT)
Peninsula Bay
Valley Cres
1(PT)
·Both sales by Private Treaty (100%)
·Sell prices ranged from $105,000 (Harris Place, Luggate Park) and $390,000 for a lot on Valley Crescent, Peninsula Bay.
Data Source: REINZ
Disclaimer:
While every effort has been made to ensure the information contained herewith is true, no responsibility will be taken for errors or omissions. You should seek your own independent advice from your legal, taxation and financial consultant prior to purchase.
