Auckland house prices skyrocket to all-time high
January 6 2015 Brendon O’Hagan
THROUGH THE ROOF: Auckland house prizes have hit an all-time high.
Auckland house prices hit a new all-time high last month, with December sales at their strongest in 10 years.
Auckland real estate agency Barfoot & Thompson said sales numbers were up significantly and the number of listings hit and all-time low.
Barfoot & Thompson managing director Peter Thompson said even though December was the shortest selling month of the year, the agency sold 1050 properties, marking the fourth-busiest month of 2014.
“It was our busiest December in the last 10 years with demand never being higher, or choice lower.”
Sales in December were 28.5 per cent higher than in December 2013.
The average sales price last month was $758,891, $1982 or 0.3 per cent higher than November’s average price, Thompson said.