The Market

The Queenstown property market experienced a steady start to the year, with sales activity reflecting the usual seasonal trends. January is historically the quietest month for confirmed sales, and this year was no exception. The extended days on market indicate a slowdown likely due to the Christmas and New Year break, a pattern observed in previous years.

A total of 32 sales were recorded in January, with a total sales volume of $44,221,810. The average days on market reached 77, reflecting the slower pace of transactions during the holiday period.

House sales made up the majority of transactions, with 23 properties changing hands. The average sale price remained strong at $1,384,067, indicating continued demand for residential property despite the holiday-induced slowdown. Notably, four properties sold for over $2 million, demonstrating ongoing interest in the premium market segment. The highest recorded house sale reached $2,500,000.
Section sales were also active, with nine transactions recorded. The highest section sale reached $1,375,000, while the average sale price settled at $775,145. This reflects the ongoing demand for land as buyers look to build new homes or invest in future development opportunities.

As activity picks up in the coming months, we anticipate a return to more typical sales timelines and potentially increased market momentum.
If you’re considering buying or selling in Queenstown, now is a great time to prepare for the busier months ahead. Get in touch today to discuss your options and stay informed on the latest market trends.​​​​​​​

Disclaimer: Every precaution has been taken to establish the accuracy of the information contained in this report but does not constitute any representation by the publisher or licensee, interested parties must rely on their own inquiry. This report includes sales statistics up to 31 January 2025, sourced from REINZ.