High value house sales raise average for Auckland

A lift in sales of high value properties helped push the average sale price for Auckland residential property to its highest in nearly three years, says real estate company Barfoot & Thompson.

The average price of $533,743 was attributable to more high value sales in suburbs around the central business district and along the eastern coastal suburbs, Barfoot & Thompson managing director Peter Thompson said.

More than a quarter of the company's sales were high value, a far greater percentage than normal.

The 668 house sales by the company last month were up 19.1 per cent on October, but were down on numbers traditionally sold at this time of the year.

In November last year, the company sold 862 properties.

"The volume of sales across the region has started to build, in part through vendors and buyers reaching agreement as to what is market value, and also through the lift which normally occurs as we move through spring into summer.

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Posted: 6 Dec 2010

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