Prospect of rising Auckland property prices has returned

  • 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 VIA BARFOOT & THOMPSON

PT

Peter Thompson

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