Infinity's two sales of sections at Peninsula Bay and Riverside Park attracted about 300 people and included a cashback prize draw where purchasers could win between $30,000 and $60,000 off the final section price.
The purchasers had placed non-binding options on the sections up to a month before sale day.
Mr Robertson said he was delighted with the result.
"We knew before the sale that interest was returning to the market because the options were taken up quite quickly.
"But as the options are non-binding, you never really know till sales' day whether that interest will translate into buyers.
We're delighted that we've met our targets.
"Looks like the end of the recession.
"Demand has clearly returned to the market and now we're moving on to the next stages in both our Wanaka developments with new sections and some exciting new house and land packages to be released to the market very soon," Mr Robertson said.
Meanwhile, New Zealand Real Estate Institute statistics for Central Otago Lakes show median prices have remained relatively stable since September 2005, when it first reached the $400,000 benchmark.
Central Otago Lakes median prices across all property categories have sunk below $400,000 just four times since then.
They have risen above $500,000 just four times, too, and spiked at $565,000 in July 2008.
Last month, the median price was $432,500.
The statistics also show the number of monthly sales has risen above 100 just twice in the last two years, in July and March last year.
More than 100 sales a month was the rule rather than the exception for the period between January 2003 and January 2008.
The median length of time to sell a property steadily grew from 36 days in January 2003 to 116 days in July last year, but from October, properties have been selling in less than 60 days.
Wanaka Real Estate Institute spokesman John Morgan said yesterday there was still strong demand for sections and houses in Wanaka because the town would always be a place where people wanted to live.
Of 95 regional sales last month, about 25 were in the Wanaka area, Mr Morgan said.
While mass section sales could lead to fewer market inquiries in the months after the event, inquiries into the house market were constant, Mr Morgan said.
"There is still quite a lot of interest but buyers are hesitant to commit.
"They are being cautious with the future.
"They are looking, but a little bit reluctant . . .
"I think people are prepared to wait now.
"A few years ago, people were buying straight away because they were afraid of missing out.
"Now they see the market is more stable and will wait for a house in a particular area, Mr Morgan said.
"Still, in the low range, it's very, very popular because people are trying to get into the market.
"Those properties don't last, the ones in the lower $400,000 range," Mr Morgan said.
Sale day prices
(prior to application of any cashback prizes)
Peninsula Bay:Highest: $345,000
Median:$300,000
Lowest: $295,000
Riverside Park:
Highest: $225,000
Median: $190,000
Lowest: $185,000
