Million-dollar Wellington houses: 382 of them sold in six months

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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 – Real Estate Institute Of New Zealand
The number of million-dollar plus properties sold around New Zealand in the first half of 2018 increased by 4.2% when compared to the first half of 2017, according to the Real Estate Institute of New Zealand’s (REINZ) Million Dollar Price Report.

This meant that the first half of 2018 saw an additional 218 houses sold over the million-dollar mark when compared to the same time last year (from 5,220 houses to 5,438). However, the figure is below the record of 5,867 in the second half of 2016.

The overall increase was even greater when looking at the New Zealand excluding Auckland figure. Outside Auckland, a record number of million-dollar plus homes sold with a 27.9% increase when comparing 1H 17 compared to 1H 18 (an increase from 1,066 to 1,363 properties).

From a regional perspective, Wellington saw the largest increase in the number of million-dollar plus properties sold, with an additional 115 houses sold over the million-dollar mark in the first half of 2018 (from 267 to 382).

Other regions with strong growth when comparing half-on-half were………..

Continue reading this article at the original source from Scoop Wellington

 

 

 

 

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2018-08-15T17:30:23+00:00