Archive for February 23rd, 2012

Auckland Market Update

During the past 12 months in Auckland there have been 7,793 sales of which 57% were houses. This has increased from the previous 12 months by 19%. Just over a third of property sales throughout Auckland were less than $400,000 and sales above $1 million were just over 14%.

In January 2012 there were 434 sales – an increase of 29% on the previous January period. The average sale price across the Auckland market was $569,000. Many markets across Auckland continue to show strength given that buyer confidence remains high and that there is still a shortage of property that is coming onto the market, which has a two-fold effect that hold prices and also reduce the days on market for sellers.

Please find attached the Ray White market update for Auckland which covers 222 suburbs and is available suburb-by-suburb from any of our local Ray White offices.

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