'Golden Autumn' continues for Auckland house sales: Barfoots

Auckland's biggest real estate firm says the region's "golden autumn" for property sales continued through June, with sales up 5.8 per cent from the month before, and 54.9 per cent on the same month last year.

The company sold 861 properties during the month, at an average price of $521,791.

Prices were down 2.3 per cent from May, "an expected decline", said Barfoot as it was traditional for prices to fall as winter approached. Prices were less than 1 per cent down than those in June last year.

"The Auckland housing market has made a remarkable recovery from the challenges experienced as a result of the past 18 months of economic downturn," said Peter Thompson, Barfoot & Thompson managing director.

"No-one was forecasting the speed, strength and solidity of the recovery in house sales activity, or the prices that are being achieved," he said.

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Posted: 3 Jul 2009

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