HOUSE PRICER
Christchurch City, New Zealand
Please note: only Christchurch city houses are supported at this time.
Note: Data from the council for a sale can be delayed by a couple of months so it's recommended that this tool is used for seeing longer term trends rather than recent changes.
Most Expensive Suburb
Fendalton: $1,433,000
Least Expensive Suburb
Aranui: $479,000
Suburb with Most Sales
Halswell: 595
Suburb with Greatest Percentage Increase
Strowan: 41.00%
House Sale Trends and Forecast
The following charts show the median sale price and the number of house sales per month over time. The green series shows a forecast using a machine learning time series model trained on historical data. While it can be somewhat accurate in the short term, many factors influence the behaviour of the property market. As such, the forecast should by no means be relied on.
The shaded area indicates the point at which data is likely incomplete. Data on house sales is usually delayed by several months and does not necessarily arrive in order. As a result, months which have incomplete data may give an inaccurate view of the median sale price. The "watermark" at which date the data is likely mostly complete from is determined by the latest month for which the actual number of sales is close to the forecasted number.
The median price of homes in Christchurch, New Zealand, has shown a generally upward trend over the past few years, with some fluctuations along the way.
Here are some key observations from the data:
Overall Increase: The median price has steadily increased from around $520,000 in mid-2021 to over $650,000 by early 2024. This indicates a healthy real estate market with continued demand.
Seasonal Patterns: There seems to be a seasonal pattern in the data, with the median price generally higher during the summer months (December to February) and slightly lower during the winter months (June to August). This is typical for many real estate markets.
Sales Volume: The number of sales has also generally increased from a low point in late 2021 and early 2022, indicating a more active market. There are some seasonal variations, with sales typically higher in spring and summer.
Recent Trends: While the median price continues to hover around the $650,000 mark, the last few months have shown a slight downward trend. This could be due to a number of factors, including rising interest rates or economic uncertainty.
Fluctuations: While the overall trend is upward, there are some months where the median price dipped slightly, indicating some volatility in the market.
Overall, the data shows a healthy real estate market in Christchurch with continued demand. However, the recent trend of slight price drops and the seasonal fluctuations indicate that it is important to be aware of market conditions and to consult with a real estate professional before making any decisions.
Here are some key observations from the data:
Overall Increase: The median price has steadily increased from around $520,000 in mid-2021 to over $650,000 by early 2024. This indicates a healthy real estate market with continued demand.
Seasonal Patterns: There seems to be a seasonal pattern in the data, with the median price generally higher during the summer months (December to February) and slightly lower during the winter months (June to August). This is typical for many real estate markets.
Sales Volume: The number of sales has also generally increased from a low point in late 2021 and early 2022, indicating a more active market. There are some seasonal variations, with sales typically higher in spring and summer.
Recent Trends: While the median price continues to hover around the $650,000 mark, the last few months have shown a slight downward trend. This could be due to a number of factors, including rising interest rates or economic uncertainty.
Fluctuations: While the overall trend is upward, there are some months where the median price dipped slightly, indicating some volatility in the market.
Overall, the data shows a healthy real estate market in Christchurch with continued demand. However, the recent trend of slight price drops and the seasonal fluctuations indicate that it is important to be aware of market conditions and to consult with a real estate professional before making any decisions.
Generated by ai
Suburb Map Visualiser
This tool visualises the average percentage price increase and average number of houses sold by suburb per year using the results returned by the "Filter results" slider at the top of the page. Suburbs are marked a shade between red and green representing a low and high value of the selected metric respectively. No shading means a suburb has been filtered out either because it has too few houses sold or there is simply no sale data (areas such as "Christchurch Airport" for example).
Click the map options drop down to choose different metrics to visualise and configure the map.
Click the map options drop down to choose different metrics to visualise and configure the map.
© 2022 Toitū Te Whenua - CC BY 4.0