February figures from realestate.co.nz have been released this week.
The rise in the national asking price that was seen in January has continued onwards and upwards into February. With seller confidence up and supply failing to keep up with demand, the national average asking price has hit a record new high of $483,099. This is up 1.3% from January, and eclipses the previous record high from October last year of $482,063.
The rise was seen across the country with 11 regions reporting a rise in asking price, with Auckland, Wairarapa and the West Coast reaching record highs:
Auckland ($667,370 – up 12% on Feb 13.)
Wairarapa ($329,396 – up 24% on Feb 13)
West Coast ($320,245 – up 8% on Feb 13)
12,167 new property listings came on to the market during February, a seasonal increase from January, but slightly lower than expected, down 7% from the same time last year.
Although national inventory levels fell slightly in February to 26 weeks of stock, they remain well above the long term average of 37 weeks, indicating that the market is still very much in favour of the seller.
Summer doesn’t have to end! Now here’s the “win a BBQ” part…
Yes, it may be officially Autumn and yes, the temperature may have dropped a couple ofdegrees overnight, but here at Open2view.com, we don’t think that means that Summer has to end!
So we are giving away 3 amazing Weber BBQ prize packs to some lucky winners on our facebook page.
You’ll be cooking up a storm all the way through the year!
Each prize pack includes a Weber Q220 portable grill with mobile stand, a BBQ cover, BBQ tools and a pizza stone to cook the perfect pizza on your BBQ! We’ll also throw in an Open2view cooler bag with some beer (Which may, or may not, be cold at time of delivery)
To enter, just head to the BBQ Giveaway tab on our NZ Facebook page.