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June, 2012 The Queenstown property market experienced its strongest month for 5 years with 80 sales and $53 million worth of property sold last month (May).Real Estate Institute of New Zealand Queenstown spokesman Kelvin Collins said it was a continuation of the positive real estate market Queenstown has experienced since the beginning of 2012 and it appears to be sustainable sales volume levels. Buyer demand has not significantly increased but we are seeing prospective buyers making decisions faster when property is realistically priced. Strongest demand during the last 5 months has been from first home buyers, although this was now moving to higher priced property, Mr Collins said. In May there was good demand from local residents for family houses in the $550,000 to $700,000 price range. There was also good demand for superior property with 9 sales of houses over a million dollars following up on 10 sales in April.
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Queenstown Property Limited |
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