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Press Release – REINZ
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 205 more lifestyle property sales (+8.9%) for the three months ended April 2021 than for the three months ended March 2021.Overall, there were 2,513 lifestyle property sales in the three months ended April 2021, compared to 1,471 lifestyle property sales for the three months ended April 2020 (+70.8%), and 2,308 lifestyle property sales for the three months ended March 2021.
9,942 lifestyle properties were sold in the year to April 2021, 3,137 (46.1%) more than were sold in the year to April 2020. The value of lifestyle properties sold was $9.72 billion for the year to April 2021.
The median price for all lifestyle properties sold in the three months to April 2021 was $890,000 and was $181,000 higher compared to the three months ended April 2020 (+25.5%). The median price for Bare land Lifestyle properties sold in the three months to April 2021 was $450,000 and was $120,
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