Auckland house prices slip from record in April as listings rise
The average sale price falls about 0.5% to $643,089, having reached a record $645,928 in March.
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Average house prices in Auckland fell from a record high last month, ending a three-month advance, as more properties came to market, according to Barfoot & Thomspon, the city's biggest realtor.
The average sale price fell about 0.5 percent to $643,089, having reached a record $645,928 in March, the company says. The median price dipped 2.4 percent to $566,000.
The number of new listings in April rose 3.8 percent from March to 1532 and was up 21 percent on April 2012.
Barfoot sold 1062 properties in April, the highest for that month in 11 years but still down by about a quarter from March. Some 40 percent of all the sales in April were under $500,000. There were 103 properties sold for in excess of a million dollars.
At the end of April Barfoot & Thompson had 3467 properties on its books, its second lowest number in more than a decade and down 6.8 percent on the number at the end of March, it says.
Real Estate Institute figures this month showed the number of New Zealand house sales rose to a six-year high in April and prices set a record as Auckland.
The national median price rose an annual 8.1 percent to $400,000, the first time it has broken the $400,000 mark. About 90 percent of the increase in the median price has come from Auckland and Canterbury over the past year.
(BusinessDesk)
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Auckland house prices slip from record in April as listings rise
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