Barfoot’s Comments On The Market

I don’t make up the headlines. They are what they are.

April sales by Barfoot’s fell during the month when we had Easter and  the school holidays so it is to be expected that sales would slow.

Nevertheless prices are still very strong and it’s a sellers market.  Last week I saw a crowd of buyers bidding for a standard brick and tile town house with the crowd so large that it was spilling onto the street and diverting the traffic.

I haven’t seen that in 30 years .

Auckland house prices sky high

03/05/2012

The number of houses sold in Auckland dropped last month, but the relatively meagre offerings on the market have kept prices sky-high.

New figures from Auckland real estate agency Barfoot & Thompson show the average sales price for Auckland homes was $568,018 in April, only $3000 below a bumper month in March.

”It shows that March’s big jump in prices over those for February was no one-off spike”, director Peter Thompson said.

”What did change between April and March was the number of homes sold.”

Only 750 sales were made, almost 40 per cent fewer than in March, but on par with the number sold in April last year.

New listings for the month also dipped slightly to 1,266, down 17.6 per cent from March.

”At month’s end we had only 4621 homes on our books throughout Auckland, the lowest number in four months and 17.2 per cent lower than at the same time last year,” Thompson said.

”This underlines the extent to which there is a lack of choice available to potential home buyers.”

Link:

http://www.stuff.co.nz/business/money/6854238/Auckland-house-prices-sky-high

Posted in News & Articles | Leave a reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>