September’s average house sales price at $738,876 is the highest on record

Peter Thompson, Managing Director, Barfoot & Thompson.
“It is $13,000 up on the previous highest average price established in March this year, and up 3.8 percent on the previous month’s average price.
“However, the sales data shows the high average price was the result of a relatively modest number of homes being sold, of which a high number sold for in excess of $1 million.
“Of the 959 homes sold, 164 or 17.1 percent were for in excess of $1 million.

“Properties in the higher price range are less affected by the uncertainties that exist during a run in to a General Election, and with such a high number of sales at the high end, the average price has lifted more than might be the case in a normal month’s trading.

Read the rest here:

http://www.barfoot.co.nz/Market-reports/2014/September/Market-update.aspx

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