Year End Sales Finish Strongly
December sales activity in the Gisborne residential property market finished on a high note pushing the quarterly total above the anticipated level. While October posted 42 sales and November only 34, December bounced back with 48 reported houses being sold in Gisborne. That pushed the 4th quarter up to a total of 124 sales, coming in behind the 2009 2nd quarter of 157 sales. Median house prices for the quarter were up slightly to $261,000. This indicates the market is not dropping and in fact showing a slight increase in values. Next report: year end sales – how does it compare with previos years? Have market values risen?
