Auckland realtor has highest August listings in four years
BUSINESSDESK: Auckland realtor Barfoot & Thompson reports its highest new listings for the month of August in four years as the average price held at near record levels.
The city's biggest real estate agency says new listings rose 9.4% to 1414 in August. The average price rose "less than $1000" to $592,395.
The number of houses sold climbed to 1016 last month from 998 in July. That is the third time this year the firms sold more than 1000 homes in a month.
Over the past four years the agency only sold over 1000 homes on one other occasion, in March 2011.
"While prices are significantly ahead of those for the same period last year, the demand for property through the winter months meant the traditional dip in values did not occur," managing director Peter Thompson says.
"These sales figures are a reflection of people's growing confidence across all price segments in the future of the Auckland economy and the future direction of the Auckland housing market.
"The next three months normally represent the peak season in the year for house sales and all the indications are that the current level of activity will be maintained through until Christmas," he says.
The firm sold 83 homes valued at more than $1 million in August. It has sold an average of 71 million dollar-plus homes in each of the past eight months, up from 47 in the same period a year earlier.