Canty houses being snapped up

20:22, Jul 19 2014

The number of home sales is dropping off in many parts of the country, but it's a different picture in Canterbury.

A total of 767 houses sold in the region last month, including 483 in Christchurch, according to the Real Estate Institute.

This was about the same as the number of sales in June last year.

Canterbury-Westland remains the fastest region in the country for selling a house, with homes selling in a median of 33 days.

The median price of $409,900 was 12.3 per cent higher than a year ago, according to the institute's June figures. Christchurch's median price of $430,000 was 13.2 per cent up from June last year.

Median house prices in other parts of the region during June were: North Canterbury rural $358,000, central Canterbury $529,000, Mid-Canterbury $265,000, Timaru $284,000, South Canterbury $207,500, West Coast $180,000.

The median section price in Canterbury-Westland was $167,500.

Harcourts chief executive Hayden Duncan said Christchurch's sales figures for the month stood out nationally, with most other centres affected by the season. More newly-built homes were starting to come on to the market in Christchurch, he said.

Meanwhile house building has jumped by almost a third in Canterbury as the rebuild gathers pace. The latest building consent data from Statistics NZ shows that council approvals for new houses and apartments in the region is the highest since electronic records began in 1990.


The Press