Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Auckland home sales fall 15% in February as listings rise

Auckland home sales fall 15% in February as listings reach year-high, Barfoot says

March 6 (BusinessDesk) – Auckland residential property sales fell last month from a year earlier, while listings reached an 11-month high, according to Barfoot & Thompson, the city's largest realtor.

Sales fell 15 percent to 771 last month, down from 854 in January, which was the highest for that month in six years, the firm said in a statement. The average sale price rose to $678,533 from $647,207 in January.

Actual listings stood at 3,674, the highest since March last year and up from 3,371 in January. The median price rose to $620,000 from $580,000.

"These signs are positive and an indication that the economy is stable, banks are lending, and buyers and sellers remain confident," said managing director Peter Thompson. "But there is more choice out there and that will ultimately affect prices."

The firm sold 122 homes for more than $1 million last month, up 60 percent from the same period last year. Sales of homes of $750,000 or more were up 50 percent.

"We are starting to see a return to listings levels of October and November last year," Thompson said. "For buyers, that's good, they can start to shop around, but greater choice means more competition. Sellers will need to be realistic and not overvalue their assets if they want them sold."

(BusinessDesk)


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Crown Accounts: Government Ekes Out Six-Month Surplus Of $9M

The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs meant expenses were less than expected. More>>

ALSO:

Almost 400 Jobs: Shock At Cadbury's Dunedin Factory Closure

Workers at Cadbury in Dunedin are reeling after learning this morning that the iconic Cadbury factory is to close, with the loss of almost 400 jobs... “The company had reported it was doing well and this has come out of the blue,” says Chas. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news