The Market

The Arrowtown property market ended 2024 on a high note, with 11 house sales achieving an impressive average sale price of $2,066,000. This represents a modest increase from November’s average sale price of $2,031,000, underscoring the continued demand for quality properties in the area. The highest house sale for December reached $3,200,000, showcasing Arrowtown’s appeal to buyers seeking premium homes.

Houses remained on the market for an average of 49 days, consistent with November, reflecting steady buyer activity despite the holiday period.

In the sections market, a notable sale was recorded at $2,600,000, highlighting the scarcity and desirability of land in Arrowtown.

Arrowtown continues to demonstrate its appeal as one of the most sought-after locations in the Wakatipu Basin, attracting buyers seeking high quality homes and investment opportunities.

If you’re considering buying or selling in Arrowtown, our experienced team is ready to provide expert guidance.

QUEENSTOWN MARKET

December 2024 saw a thriving Queenstown property market with rising prices and heightened activity in the dwellings sector. The sections market, while commanding significantly higher prices, experienced a reduction in sales volume. These trends underscore the growing desirability of Queenstown’s properties, alongside the challenges of limited supply in key segments.

As we move into 2025, the Queenstown market is poised to remain a focal point for buyers and investors alike, driven by the region’s unique lifestyle appeal and strong demand.

The average sale price for dwellings in December 2024 reached $1,537,693, representing a modest 4.1% increase compared to December 2023. The average days on market improved notably, dropping to just 50 days, signaling a more active market with quicker sales.

A significant surge in activity was evident in the total number of house sales, which more than doubled, jumping from 39 sales in December 2023 to 86 sales in December 2024. 

The sections market also experienced significant growth, with the average sale price rising to $938,571 in December 2024. The average days on market for sections saw minimal change, sitting at 156 days.

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 December 2024, sourced from REINZ.