Christchurch
REINZ Average House Prices For Selected Suburbs
| Location |
Average House Price
July 2006 |
| Christchurch West - Avonhead |
$320,000 - $340,000 |
| Christchurch West - Fendalton / Merivale / Ilam |
$430,000 - $460,000 |
| Christchurch Seaside - Redcliffs / Sumner |
$540,000 - $580,000 |
| Christchurch South West - Hornby / Hallswell / Hillmorton |
$310,000 - $330,000 |
| Christchurch South West Inner - Addington / Somerfield / Spreydon |
$250,000 - $260,000 |
House Prices
The house bands quoted above are based on median prices.
This means that approximately half of the houses on the market will sell for more than the quoted band and half for less.
For example, in the case of Avonhead, roughly half of the properties on the market will sell for more than $340,000 and roughly half will sell for less than $320,000.
The median is the standard method of measuring average house prices in New Zealand.
Christchurch's house prices are the the most competitive of any of New Zealand largest cities.
House prices tend to be highest in some of the hill suburbs and in areas extending outwards from the city centre to the west/north-west, where the best regarded state schools are located.
