Strong Queenstown sales continue

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Residential sales in the Wakatipu last month fell only seven short of February’s six-year monthly high of 83.

March’s 76 sales comprised 61 dwellings, including apartments, and 15 sections. Nine properties sold for more than $1 million, either for holiday homes or people living in the area.

Local Real Estate Institute of NZ spokesman Kelvin Collins says there was also continued good demand for family homes between $500,000 and $650,000.