Auckland and Northland property market analysis

Auckland and Northland property market analysis

Please find attached property market analysis for the Auckland and Northland region from New Zealand’s largest real estate group, Harcourts.

In September written sales were up 3.2% on the same time last year, had jumped by 22% on August’s figures and were at their highest level since March, showing the winter lull is now well and truly over.

Northern_Region_MarketWatch_October_2014.pdf

Regional Overview:

Written sales are up 3.2% on the same time last year, have jumped by 22% on August’s figures and are at their highest level since March, showing the winter lull is now well and truly over.

Sales consultants are reporting an increase in the number of appraisals being carried out, and we will expect to see an increase in new listings next month.

The average sales price in Auckland and Northland sits at $683,101, which is up 11% on the same time last year and a 4% increase on August’s average of $655,138. This shows prices are continuing to trend upwards.

As prices are likely to increase into the foreseeable future while construction lags behind population growth, those thinking of entering the property market would be wise to do so sooner rather than later. There are family homes available around the $400,000 mark in many suburbs outside of central Auckland

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