° °
  • Firstline - TV3 New Zealand

    Firstline

    Weekdays 6am

  • 3 News - TV3 New Zealand

    3 News

    Nightly 6pm

  • Campbell Live - TV3 New Zealand

    Campbell Live

    Weekdays 7pm

  • 3rd Degree - TV3 New Zealand

    3rd Degree

    Wednesdays 8.30pm

  • The Paul Henry Show - TV3 New Zealand

    The Paul Henry Show

    Weekdays 10.30pm

  • Three 60 - TV3 New Zealand

    Three 60

    Sundays 9.30am

  • The Nation - TV3 New Zealand

    The Nation

    Sat 9:30am / Sun 10am

Auckland house sales rise, listings drop

Tuesday 8 Jan 2013 11:26 a.m.

The average sale price for December was $624,015

The average sale price for December was $624,015

The property market in Auckland continued its recent trend in December, with a jump in home sales and a drop in new listings, Barfoot & Thompson says.

The real estate firm recorded 920 sales last month, the highest for December in eight years, outpacing the 697 new listings, a decline of 17.6 percent from the same month of 2011. That marked the first month in a decade that sales exceeded new listings.

Listings were "exceptionally modest, and the lowest recorded in a month for the past decade," said Peter Thompson, the firm's managing director.

The average sale price for December was $624,015, down from November's record of $627,721. For the whole of 2012, the average price rose by 7.7 percent to $584,715 from 2011.

Barfoot said it had 3,410 properties on its books at the end of December, the lowest since the firm started keeping records and down 10.6 percent from a month earlier.

Of total home sales in the month, 9.5 percent were for more than $1 million and 42.8 percent were for less than $500,000.

"With new listings and the total number of listings being at all-time lows, and with mortgage lending rates forecast to remain steady for the first half of 2013, the outlook for the early part of this year is for prices to hold on to the gains made in the last quarter of 2012," Barfoot said.

NZN

Others Are Watching

comments powered by Disqus

Trending

>
;