Rural & Lifestyle Property Data
Released 198 February 2020
Rural Press Release for January 2020
Lifestyle Press for for January 2020
Rural Market Reflects External Volatility
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 57 less farm sales (-13.6%) for the three months ended January 2020 than for the three months ended January 2019. Overall, there were 363 farm sales in the three months ended January 2020, compared to 345 farm sales for the three months ended December 2019 (+5.2%), and 420 farm sales for the three months ended January 2019. 1,277 farms were sold in the year to January 2020, 14.7% fewer than were sold in the year to January 2019, with 40.3% less Dairy farms, 3.9% less Grazing farms, 28.4% less Finishing farms and 9.8% less Arable farms sold over the same period.
Volatility Impacts the Total Market
Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 122 less lifestyle property sales (-6.4%) for the three months ended January 2020 than for the three months ended December 2019. Overall, there were 1,799 lifestyle property sales in the three months ended January 2020, compared to 1,584 lifestyle property sales for the three months ended January 2019 (+13.6%), and 1,921 lifestyle property sales for the three months ended December 2019.
Farm Sales Price Medians
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Lifestyle Block Sales Price Medians
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LATEST STATISTICS TABLE
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