Property prices for sale in Queenstown (Central Otago)

The price per m² in Queenstown has had a strong decrease during the last 6 months. In October, the average price per m² was $1,748. In the following month the price per m² decreased considerably to $1,318. The price for the following two months in (December, January) had a considerable decrease of 62 with regard to the prior two months. The price per m² has had a considerable deflation of 62 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $1,238.75 to $767.5 during February, and March.

Based upon to the price in Queenstown (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,546,280. During November the price had a slight fall till $1,388,568. During the following two months (December, January) the average price had a considerable reduction of 68 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,231,530.25 to $564,325, which means a 46 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $353,750 they are 8 % more expensive than the average price for Queenstown. Following this ranking we find those properties with 2 at an average price of $780,236. The properties with the highest average price have 4 bedrooms, Their price is 653 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,883,726.

With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of $1,228 / m², with an average $417 / m² price in Queenstown. The properties with the highest average prices have 4 bedrooms. They are 418 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,109 / m².

The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $353,750 it is 111 % more expensive than the average price in Queenstown. "House" is seen as the second dearest property type. The dearest property type is "House" followed by "Apartment". At a price of $747,003 it is 460 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "Apartment" at an average cost of $1,185 / m² followed by "House" priced at $2,041 / m². "House" is the most costly type of property with a $2,041 / m² cost followed by "Apartment" with an average price of $1,185 / m².