April 2016 housing market update

Time period Number of sales* Total value of sales
April 2016 944 properties $824,677,939
April 2015 1,070 properties $860,582,312
12 months to April 2016 13,236 properties $11,057,911,912
12 months to April 2015 12,250 properties $9,301,249,096

*Includes Barfoot & Thompson Auckland residential sales that have gone unconditional. Excludes Northland and commercial sales.

Auckland house sales pull back from entering new territory

Peter Thompson, Managing Director

Auckland house sales activity quietened in April after a busy March, with only a marginal increase in the average price, and sales numbers down significantly.

“April’s prices show that Auckland house prices have pulled back from breaking into new territory,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“The average price for April at $873,599 was up only 0.8 percent on that for March, and 8.6 percent ahead of where it was in April last year.  For the past year we have been looking at monthly year-on-year increases of around 12 percent.