NZ Property: Summer sales keep rolling on……

O2V ID#335063

O2V ID#335063

Ahhh Summer… it’s been a good one so far. You can tell from all the glorious Summer scenes and vistas our Photographers have been capturing around the country…

Seriously…take a look at these…..

The good summer weather has been great for the sunbathing, but it’s done nothing to cool the heated housing market, particularly in Auckland.

Recent figures from REINZ show that the number of dwellings sold in January (4,841) was up 2.6% on January 2014 with the National median price of $426,000, up $24,000 from the same time in 2014. The national median price rose 6.0% in the 12 months to January 2015, while Auckland’s median price increased by 16.0%

“The continuing strong performance of Auckland prices is vexing commentators and policy makers alike, however the root cause of the problem remains a shortage of property available for sale” says Real Estate Institute of New Zealand (REINZ) Chief Executive Helen O’Sullivan.

REINZ data shows that Auckland’s median price increased by 16% over the past 12 months, compared to just 1.8% for the rest of the country.

Backing that up are the latest figures from Barfoot & Thompson, where the all-time high pre-Christmas values held throughout January, with the average selling price of $757,319, was only $1572, or 0.2 percent lower than December’s all-time high price.

January sales figures of 859 properties is inline with the previous January figures over the past two years, however the total value of sales in January of $650,537,392 is up $97,822,014 from the same time in 2014.

For full market reports including regional & rural statistics, visit the REINZ website.

Now, if we could just get back to working on that tan…..

O2V ID#333884

O2V ID#333884

 

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