Rural & Lifestyle Property Data
Released 18 June 2020
Rural Press Release for May 2020
Lifestyle Press for May 2020
Constrained Conditions for the Rural Sector
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 122 less farm sales (-32.1%) for the three months ended May 2020 than for the three months ended May 2019. Overall, there were 258 farm sales in the three months ended May 2020, compared to 251 farm sales for the three months ended April 2020 (+2.8%), and 380 farm sales for the three months ended May 2019. 1,132 farms were sold in the year to May 2020, 19.5% fewer than were sold in the year to May 2019, with 26.6% less Dairy farms, 27.8% less Grazing farms, 26.0% less Finishing farms and 1.2% less Arable farms sold over the same period.
Signs of Recovery in the Lifestyle Market
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 264 less lifestyle property sales (-17.9%) for the three months ended May 2020 than for the three months ended April 2020. Overall, there were 1,207 lifestyle property sales in the three months ended May 2020, compared to 1,933 lifestyle property sales for the three months ended May 2019 (-37.6%), and 1,471 lifestyle property sales for the three months ended April 2020.
Farm Sales Price Medians
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Lifestyle Block Sales Price Medians
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LATEST STATISTICS TABLE
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