- The median price across the region rose $65,750 (+17%) compared to December 2015. Prices rose 21% in Nelson, 16% Median Price Volume Sold in Richmond and 10% in Marlborough/Kaikoura. Compared to November the median price fell $10,250 (-2%) with prices rising 13% in Motueka, but falling 4% in Nelson and 8% in Marlborough/Kaikoura. On a seasonally adjusted basis the median price fell 1% compared to November .
- Sales volume compared to December 2015 fell 12%, with sales falling 2% in Marlborough/Kaikoura, 16% in Motueka and 17% in Nelson. Compared to November sales volumes fell 15%, with sales falling 10% in Marlborough/Kaikoura, 12% in Richmond and 16% in Nelson. On a seasonally adjusted basis sales in December fell 4% compared to November, indicating that the fall in sales was greater than expected.
- REINZ Chief Executive Officer, Bindi Norwell noted that, “Investors and first home buyers are a little more active in the market, although the Christmas break has seen some defer any activity until the New Year. Attendances at open homes have risen over the past month which suggests greater activity in the New Year. Overall a steady market.” Source: REINZ
Number of Sales – 12
Median Sale Price – $445,000
Days on the Market – 30