August also saw a 3.3% lift in the median sale price as the trend line continued to go in the right direction.
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Price expectations from our vendors continue to put pressure on buyers, with alignment often achieved through strong negotiation.
Bank lending and pre-approval rates have risen, providing a welcome return to positive sales growth from this time last year.
Whilst the market remained stable, 654 sales saw a significant 17.6% jump in sales from April with the median sale price static at $452,500.
The release of the REINZ stats for January indicates that there were 397 recorded residential sales in our City with a recorded median sale price of $440,000.
“No Aussie-style property slump” this is exactly what we at the coal face have been saying for over a year now.
There is no doubt that our market place in Christchurch continues to throw up some interesting surprises.
The just released REINZ figures relating to the September sales show us there were 511 residential properties sold in Christchurch City during the month of September.
At the same time, there was a small recorded lift in the Median Sale Price to $440,000.00.
The actual statistics for Christchurch City read as 428 residential sales for July, with a median sale price of $431,000 and having an average days on the market time of...