Auckland property sales surge in November
Property sales in Auckland surged 23 per cent in November, according to the region's biggest real estate firm, Barfoot and Thompson.
The company, releasing its November sales figures today, said that prices were up 2.5 per cent for the month, with a 18.9 per cent jump in new listings from the month before.
Company managing director Peter Thompson said the top end of the market was once again extremely active, with 75 homes changing hands for $1 million or more.
The turnover of 894 sales was up a third from November last year.
"For the past four months the Auckland market has been ticking over quietly, but with the coming of summer, the end of the international rugby tournament and a degree of certainty as to the outcome of the general election, buyers and sellers felt the time was right to act," said Thompson.
Thompson said the monthly price of $567,489 showed prices were not far from their peak values seen in 2007, but the market "remained measured".
"Properties with appeal are attracting a good deal of interest, but buyers are not paying over the top or acting in haste to secure properties," he said.
"Given the number of properties we have listed for auction in December and new listings in the pipeline, we anticipate that the strong sales pattern of November will continue right up to the Christmas break."
Source: NZ Herald Online
Posted: 5 Dec 2011
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