Exceptional Sales Numbers Have Limited Impact on Auckland Property Prices

The Auckland property market burst into activity in February, but not at the expense of stable prices. “Sales numbers in the month at 804 were exceptional and the highest in the month of February for five years but the prices at which properties changed hands were in line with where the market has been for the past few years,” said Peter Thompson, Managing Director of Barfoot & Thompson. “Both the average and median prices declined markedly from the level they have been at over the past three months but were in line with those being paid at this time last year. “Stable prices were a major factor in why so many sales were made in the month. “The prices buyers were prepared to pay met vendors

Premium Team

Munish Bhatt 022 068 6474 & Gurbir Sodhi  027 552 7626 

Barfoot & Thompson Auckland

E: m.bhatt@barfoot.co.nz  & E: g.sodhi@barfoot.co.nz

  • Facebook
  • YouTube
  • Instagram
  • LinkedIn
  • Twitter