House Prices Avonhead | Fendalton | Sumner | Hillmorton | Ilam | Hallswell
|Location||May 2012||May 2011||May 2010||May 2009||May 2008||May 2007|
|Christchurch West – Avonhead||$389,000||$371,000||$378,000||$353,000||$372,000||$367,000|
|Christchurch West – Fendalton / Merivale / Ilam||$510,000||$500,000||$525,800||$470,000||$530,000||$494,000|
|Christchurch Seaside – Redcliffs / Sumner||$444,000||$480,000||$500,000||$470,000||$525,000||$510,000|
|Christchurch South West – Hallswell / Hillmorton / Hoon Hay||$372,000||$350,000||$357,500||$329,000||$365,000||$344,000|
|Christchurch South West Inner – Addington / Somerfield / Spreydon||$310,000||$311,000||$290,000||$265,000||$295,000||$275,000|
|Christchurch North East – Avondale / Avonside / Burwood / Parklands||$392,000||$338,000||$321,000||$310,000||$343,000||$320,000|
The prices above are medians taken over 12 month periods, sourced by the Real Estate Institute of New Zealand.
According to data from REINZ, house prices in Christchurch are rising in most suburbs. Using monthly median data over 12 months, house prices in Avonhead have risen 6 per cent since May 2007 and the average price was $389,000 in May 2012. Properties in the North East suburbs (Avondale, Avonside, Burwood, Parklands, Queenspark, Westhaven and Windsor) have increased by 16 per cent this year. Christchurch seaside suburbs of Redcliffs and Sumner however, have seen a fall in house prices of 13 per cent since 2007 when the average house price was $510,000.
According to Quotable Value, the average sale price in the whole of Christchurch over the three months to May 2012 was $379,501. The highest average prices were achieved in the Christchurch Hills suburbs reaching over $500,000. The lowest average prices were found in the eastern suburbs achieving an average sale price of just over $300,000.
QV Valuer Richard Kolff said in the May 2012 report: “A gap in the supply of new homes exists, especially for small house and land packages within new subdivisions. Those wanting a modestly sized easily maintained property but not wanting to move into an over sixties unit or a retirement village are finding it hard to come by alternatives.”
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