Auckland property sales fall 2.6% in September as prices reach 6-month high: Barfoot

Auckland property sales fell 2.6% in September from August while the average sale price rose to a six-month high, according to Barfoot & Thompson, the city’s biggest real estate firm.

There were 738 sales of residential properties last month, down from 758 in August and up from 689 in September 2010, the firm said in a statement. The average price rose 3.2% to $547,883 and was up 4.9% from the same month last year.

Barfoot said the month was notable for the number of high-end properties, with six sold for more than $2 million and 45 above $1 million. Sales exceeding $1 million accounted for a higher-than-average 17% of Barfoot’s total for the month, it said.

New listings rose 5% to 1,263 from the same month last year, the firm said in its statement.

(BusinessDesk)

BusinessDesk.co.nz

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