Auckland property prices rise in July, sales up 24pc

Auckland property prices rose in July, but local real estate firm Barfoot & Thompson says the hot action was in the number of sales - up nearly 24 per cent on the same month last year.

Barfoot & Thompson is the biggest real estate firm in Auckland, and says the market last month was "active, solid and with a sense of certainty" with more sellers entering the market.

The average sale price rose $10,000 on July last year at $507,384 while 23.8 per cent more sales were made than in the same month last year with 779 properties being sold.

"The market is showing no signs of giving up the gains made over the prices and sales volumes recorded last year," said company managing director Peter Thompson.

The average price was down 2.8 per cent on June, with sales volume down from that month by 9.5pc.

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Posted: 6 Aug 2009

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