PHOTO: Peter Thompson.
February 2018 housing market update
| Time period | Number of sales* | Total value of sales |
|---|---|---|
| February 2018 | 665 properties | $611,437,521 |
| February 2017 | 556 properties | $525,183,247 |
| 12 months to February 2018 | 9,110 properties | $8,483,801,816 |
| 12 months to February 2017 | 11,568 properties | $10,452,502,945 |
*Includes Barfoot & Thompson Auckland residential sales that have gone unconditional. Excludes Northland and commercial sales.
Growing acceptance that current house prices are benchmark
Greater sales activity returned to the Auckland property market in February while prices eased back on those being achieved for the previous three months.
“Caution as to which direction the market is likely to take eased in February,” said Peter Thompson, Managing Director, Barfoot & Thompson.
“There is a growing acceptance that where prices are at presently is likely to be the benchmark for the remainder of the summer/autumn sales season.
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