Tauranga Property Investors' Association
Across the country there was a mixed picture in both total sales and median price movement.
In the Auckland district after climbing back to $460,000 in October the median price rose again last month to $477,000, up 1.5% on the median price in November 2009. November's total sales of 1,789 is up on the 1,360 recorded on October and the 1,690 in September but down on the 2,192 sales in November 2009.
In the capital the median residential property price firmed to $400,000 from $390,336 in October and $398,500 in September, and is nearly 2.2% up on the November 2009 median of $391,400. Sales for the month increased to 670 from 496 in October and are also up on the 665 sold in November 2009.
In Northland the median price eased back from October's $315,000 to $310,00 in November, 9% down on the November 2009 median off $341,000. However, the number of property sales rose again from 81 in September and 105 in October to 108 last month, though still lower than the 146 sold in November 2009.
The Waikato/Bay of Plenty/Gisborne area saw the median price rise from $305,000 in October to $319,400 in November though it is still below the November 2009 median of $320,000. In November 662 houses were sold, up on the 531 in October but less than the 828 sold in November 2009.
In the Hawke's Bay district the median price fell nearly 2.2% from $287,521 in October to $269,000 last month, which is also down on the November 2009 median of $275,000. The total number of sales increased from 126 in October to 175 last month, though that figure is still below the 225 sold in November 2009.
Manawatu/Wanganui saw the median price slip slightly from $232,950 in October to $232,500 in November, though it still remains 1% above the November 2009 median of $230,000. Sales at 232 are up on the 156 sold in October but less than the 281 sold in November 2009.
Taranaki saw the median price fall to $265,000 in November from $285,000 in October and is 4.3% below the $277,000 median in the same month last year. Across the district there were 145 houses sold, up on the 112 in October but fewer than the 149 sales in November 2009.
Nelson/Marlborough saw the median price climb from $320,000 in October to $330,000 in November, up 1.2% on the November 2009 median of $326,000. Residential property sales also increased last month from 151 in October to 213, also up on the same month last year when 199 sales were recorded.
Canterbury/Westland saw the median price fall back from October's $315,00 to $307,00 in November, nearly 1% below the November 2009 median of $310,000. At 684 sales are up again on the 533 in October, but still below the 832 in November 2009.
The Central Otago Lakes region saw the median price recover from $385,000 in October to $421,000 in November, though it still remains 4.5% below the median value of $441,000 a year ago. Sales at 75 residential property transactions in November are also up on the 63 in October but less than the 99 in November 2009.
Otago saw the median price fall back from $245,000 in October to $230,000 in November, nearly 4.2% down on the November 2009 median of $240,000. There were 260 sales last month, up on the 180 sales in October but below the 275 in November 2009.
Southland saw the median price rise from $169,500 in October to $189,00 last month, 3.85 up on the November 2009 median of $182,000. Sales volumes also increased from 90 in October to 125 last month, though that is still lower than the November 2009 figure of 118 sales.