Record House Prices – Barfoot’s


Average Auckland house price rose above NZ$600,000 for 1st time in October,
Barfoot & Thompson says, reaching NZ$618,707
November 5, 2012 David Chaston

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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