Residential real estate sales for Queenstown picked up in February after a slow January.
Real Estate Institute of New Zealand Queenstown spokesman Adrian Snow said the market was "relatively healthy".
His figures showed 45 dwellings were sold in February in Queenstown and the Wakatipu Basin, compared with 26 in January.
One of the reasons for the low sales figures for January was the Government's discussion on tax law change for residential investment properties, he said.
Ten of the February sales were in Arrowtown.
Three sales were over $1 million, and the highest sale was about $3 million.
The average time it took to sell a property was 63 days for the February sales, compared with 67 days in January and 69 in February 2009.
The median sale price for dwellings was $519,500 in February, down from $531,250 in January, but up from $508,000 in February 2009.
