Making Homes Happen

News IconNews

Prospect of rising Auckland property prices has returned

Published: Thursday 7 April 2016

The prospect of Auckland house prices continuing to increase throughout the year has returned with March’s average sale price reaching $866,782, and the median price reaching $798,000.

“March is always one of the busiest sales months of the year, and a good indicator of where prices are tracking for the remainder of the year,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“In March the average sales price was the third highest on record, within $10,000 of the all-time high in November last year, and 5.4 percent higher than last month.

“The median price at $798,000 is the second highest on record, within $2000 of the all-time high in December last year, and up 8.1 percent on February’s median price.

“When prices are this strong in March the trend is for prices to hold steady through the year.

Read more here.

 

Last modified: April 7, 2016

 


 

Click here to subscribe to our mailing list and remain up to date with all of our latest news and/or case studies.

 

Making Affordable Homes Happen is proudly brought to you by