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Harcourts Marketwatch July 2014

Christchurch’s figures are the standout this month, with the city unaffected by the seasonal downturn that usually accompanies winter. Listings, average prices and written sales have increased markedly on the same time last year, with a significant number of new builds coming on to the market to meet demand for housing.

Auckland continues to produce an ever increasing average sales price, now sitting at a record high of $721,553. Listings are down 20% compared with May, however May was an unusually outstanding month for new listings and a downturn was expected. Sales outside of central Auckland, where prices are highest, continue to be strong, with more looking to the edges of Auckland for value for money. Written sales are down or remain constant in provincial New Zealand, where LVR restrictions have been felt most keenly. Average prices have increased however, indicating the entry level of the market has been most affected.


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