13.6% increase in new property listings for Wellington

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Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.


 

Press Release – Realestate.co.nz
Real-time data from realestate.co.nz shows new property listings rose year on year for the first time since November. New properties to market hit 9,899 in April, representing a 1.9 per cent increase compared to the same period last year.

In April, the Wellington region recorded 754 new listings, which was the second highest increase of new listings of any region. It represented a 13.6 per cent increase on April 2017.

In April the Wellington region experienced a 1.4 per cent fall in average asking price compared with the prior month. The April average asking price was $603,949, compared to $612,697 in March (which was a record high).

“With an increase in new listings and fine tuning in asking prices, Wellington is looking healthy right now,” says Vanessa Taylor, spokesperson for the country’s largest property listing site.

Given that the region has been tightly held, it’s no surprise that Wellingtonians lead the online search for property in their region, followed by Aucklanders and Cantabrians.

The region is also attracting attention from offshore, with the next largest group searching for Wellington property originating from New South Wales.

The most popular search was for Te Aro, followed by Wellington Central, Khandallah, and Waikanae.

Auckland registered a 4.6 per cent fall in new listings (3,380) compared to……….

Continue reading this article at the original source from Scoop Wellington

 

 

 

 

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2018-05-10T17:34:37+00:00