Busiest month in five years for Auckland realtor
Barfoot & Thompson had their busiest month in five years in March as the average sale price for homes in the country's largest city dropped.
BUSINESSDESK: Auckland real estate agents Barfoot & Thompson had their busiest month in five years in March as the average sale price for homes in the country’s largest city fell.
The firm sold 1246 homes in March, up 16.4% on a year earlier, it said. The average sale price fell 1.7% on the same month a year earlier to $571,076.
“March was a month where the views of buyers and sellers reached common agreement as to where values were at,” managing director Peter Thompson said.
“Prices at this level, accompanied by a high turnover, is an indication of the confidence buyers have in the long-term value of Auckland property.”
Thompson said the fact that March’s average price was $10,000 below last year’s, and $2000 below that of December, indicates prices are not spiralling.
Barfoot had 4771 homes on its books at the end of March, down 17.8% on the same period a year earlier, and its lowest level in four years.
Hannah Lynch
Wed, 04 Apr 2012
Wed, 04 Apr 2012
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Busiest month in five years for Auckland realtor
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