The median sale price for a New Plymouth City house increased to $302,000 (September 2008: $285,000; October 2007: $294,000). 79 houses sold in October (September 2008: 81; October 2007:90).
19 houses sold in the Taranaki Country area in October (September 2008:20; October 2007:29). The median price rose to $250,000 from $226,500 in September (October 2007: $238,500).
Median Days on the Market have increased to 60 Days.
The New Plymouth market in my personal judgement is still ticking along fine. Vendors here are starting to be realistic about their property prices and this helps with keeping the sales numbers relatively steady. We have the best City in the World here and this shows by the enquiry number starting to peek. But vendors are needing to be realistic in setting prices for their properties. We may see some increased activity with the recent award we wont (I know my blog has in numbers into the thousands) but people will still not buy something if its over priced.
If you want to know anything more on the market in New Plymouth please contact me and I will help.
Regards, Deon
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