Market Updates

Auckland property market shakes off economic and election apprehensions

Rather than being tempered by medium-term economic concerns or the approach of a General Election, the Auckland housing market has enjoyed its strongest sales performance in a July for five years. “In July, buyers put aside any apprehensions they may have about future market values, and committed,” said Peter Thompson, Managing Director of Barfoot & Thompson. “While anecdotal...

February 2020 residential sales report

Sales volumes by focus area   Feb-20 Feb-19 12 months to Feb-20 12 months to Feb-19 Central Auckland 32 10 313 411 Central Suburbs 84 76 1,359 1,404 Eastern Suburbs 64 29 775 686 Franklin/Manukau Rural  102 54 842 854 North Shore 104 57 1,422 1,507 Pakuranga/Howick 71 50 1,021 865 Rodney 71 41 780 837 South...

February 2020 Housing Market Update

Time period Number of sales* Total value of sales Feb 2020 804 properties $740,124,901 Feb 2019 474 properties $435,367,440 12 months to Feb 2020 9,798 properties $9,167,541,683 12 months to Feb 2019 9,648 properties $8,961,625,426 The Auckland property market burst into activity in February, but not at the expense of stable prices. “Sales numbers in the...

Property market finishes 2019 with highest sales volume for December in 3 years

Tēnā koutou katoa, Today, REINZ is releasing its Monthly Property Report and HPI Monthly Data which provides a market leading level of detail and understanding of housing activity in New Zealand. The Monthly Property Report has shown the highest number of residential properties sold for the month of December in three years and price rises in 15 out of 16 regions. Bindi Norwell, Chief Executive...

REAL ESTATE MARKET MONTHLY PROPERTY REPORT September 2019

The number of residential properties sold across New Zealand in August decreased by -6.1% from the same time last year to 5,959 (down from 6,346), the lowest level of sales for 7 months, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand. For New Zealand excluding Auckland, the...

June 2019 Auckland Northshore Property Market Updates

A strong trading month in the rural/lifestyle property market and increased buyer activity in the Auckland urban area were features of June trading as the property market settled into its winter trading pattern. It is the second consecutive month that the rural and lifestyle market has enjoyed good trading, and this comes on the back of quality listings made earlier in the year.   There...

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