RESIDENTIAL PROPERTY MARKET HOLDING STEADY Market News May 2010Figures just released by the Real Estate Institute of New Zealand (REINZ) indicate the market is holding steady.
Real Estate Institute of New Zealand President Peter McDonald says house values are firming rather than appreciating and he has welcomed the lessening of volatility in the market.
“The peaks and troughs of the past 18 months have settled and it’s pleasing to see the market retaining its strength,” he says. “From the highest March median sale price of $360,500, the fall in April has been just $4,500 to $356,000, another record, and sales at more than 5000 are also a good sign as we head into winter.”
Source: Real Estate Institute New Zealand (REINZ), 14 May 2010
BIRKENHEAD
Includes Chatswood, Kauri Park, Northcote - North Shore, Northcote Point, Sunnybrae.
Median sales price: $525,000
No of sales: 38
Median days to sell: 30
GLENFIELD
Includes Beach Haven, Birkdale and Wairau Park.
Median sales price: $415,000
No of sales: 84
Median days to sell: 30
North Shore Rental Prices – April 2010
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