Auckland property sales fall 2.6% in September: Barfoot

Auckland property sales fall 2.6% in September as prices reach 6-month high: Barfoot

Oct. 5 (BusinessDesk) – Auckland property sales fell 2.6% in September from August while the average sale price rose to a six-month high, according to Barfoot & Thompson, the city’s biggest real estate firm.

There were738 sales of residential properties last month, down from 758 in August and up from 689 in September 2010, the firm said in a statement. The average price rose 3.2% to $547,883 and was up 4.9% from the same month last year.

Barfoot said the month was notable for the number of high-end properties, with six sold for more than $2 million and 45 above $1 million. Sales exceeding $1 million accounted for a higher-than-average 17% of Barfoot’s total for the month, it said.

New listings rose 5% to 1,263 from the same month last year, the firm said in its statement.

(BusinessDesk)

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