In October the average price of a home in Auckland broke through the $600,000 ceiling for the first time, setting a record average price of $618,707 according to data released by Auckland’s largest real estate agency today.
“This is an increase of nearly $33,000 or 5.6 percent on last month’s average price, and is 4.4 percent higher than the previous record price of $592,396, recorded in August this year,” said Wendy Alexander, chief executive of Barfoot & Thompson.
“October was one of the most active selling months we have ever experienced.”
“It was a case of demand far out stripping the number of properties up for sale.”
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