Busiest month in five years for Auckland realtor

Wednesday 4th April 2012

Auckland real estate agents Barfoot & Thompson had their busiest month in five years in March as the average sale price for homes in the country’s largest city fell, according to realtors Barfoot & Thompson.

The firm sold 1,246 homes in March, up 16.4 percent on a year earlier, it said in a statement. The average sale price fell 1.7 percent on the same month a year earlier to $571,076.

“March was a month where the views of buyers and sellers reached common agreement as to where values were at,” said Peter Thompson, managing director. “Prices at this level, accompanied by a high turnover, is an indication of the confidence buyers have in the long-term value of Auckland property.”

Thompson said the fact that March’s average price was $10,000 below last year’s average, and $2,000 below December’s, indicates prices are not spiraling.

Barfoot had 4,771 homes on its books at the end of March, down 17.8 percent on the same period a year earlier, to its lowest level in four years.

BusinessDesk.co.nz

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