A total of 51 residential houses were sold in the Queenstown
and Arrowtown area during October, up from 45 in the same
month last year, according to the latest real estate figures.
The October five and 10-year averages for the number of sales
are 41 and 49 respectively.
It took an average of 48 days to sell a dwelling in October
this year, compared with 55 days in October last year.
The median sale price in October 2013 was $575,000, compared
with $517,000 in October 2012.
During the past six months there were 291 sales, compared
with 277 for the same period last year and 216 for the
During the past 12 months, there has been a total of 610
sales. This compares with 544 for the same period last year
and 462 for the previous year.
The total value of residential housing sales during 2013 is
$311.8 million, compared with $304.4 million for the same
period last year and $244.7 million for the previous year.