Welcome to this month’s round up, isn’t it nice to see the days getting longer and slightly warmer, it has been a funny weather period recently, fortunately we have missed out on the heavy rain that the northern regions received, and our thoughts go out to those that have been affected by those rains.
Title Sponsors Peak to Peak
You may have seen that Silver Creek are the title sponsors for this years Peak to Peak multisport race, this is an event that competitors race from the top of the Remarkables Ski Area to the base of Coronet Peak Ski Area in different disciplines, competitors can compete as individuals or as a team, as you would expect we have put our money where our mouth is and have an entry in the teams section as well as in the individual section. Josh has been training for next year’s Coast to Coast and sees this as an ideal opportunity to gauge where his fitness level is at, it wasn’t hard to put a work team together once they found out we were involved, the guys all love their mountain biking and running so it was a matter of finding a skier and a paddler, these have been covered by family members. The race will be held on the 10th September starting at 1.00pm at the top of Curvy Basin Chairlift.
Work is ongoing with warmer weather helping to get projects underway, the stonewall at the entrance is looking great, this should be finished very soon, the ducting to run the high-tension power cables underground that supplies Queenstown’s CBD is on track and should be completed in the not too distance future. As I look out my office window, I see the contractors are getting ready to remove the wilding pines above the top side of the boundary, this will make a huge difference to the landscape, these trees have been there since I was a little fella growing up here.
Median Dwelling Price, $1,265,000 with 32 sales and Median Section Price $325,000 with 9 sales.
Queenstown's median section price has much to do with the handful of Hanley's Farm sections that were titled, bringing the median sale price down. This is the lowest volume of sales seen in Queenstown since January 2022 and could be a direct correlation to the low levels of properties available to buy. The demand is still there from buyers, which is demonstrated in the median days to sell of 42.5, those properties on the market are selling in a relatively short time-frame.
- REINZ monthly property report issued on 13 August 2022.
Our house and land package at Creekside has been released to the market and we have had a very good response so far, these are 254m2 standalone homes with outstanding lake and mountain views. Our program hasn’t changed, construction is due to start early 2023 and the first set of keys to be handed over in time for Christmas 2023. If you have any interest, please don’t hesitate to contact me.