December a busy month for Auckland real estate

Posted by MarkL on January 13, 2015

One of New Zealand's biggest real estate agencies has reported a bumper month for December 2014. 

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Barfoot and Thompson managing director Peter Thompson, told the New Zealand Herald sales in Auckland were the strongest they had been in a December for the past decade, with sales numbers up significantly, prices reaching all-time highs, and the number of available listings reaching an all-time low.

He also added there was a lack of new listings to meet demand in Auckland.

"Even though December was the shortest selling month of the year, we sold 1050 properties, our fourth busiest month of the year. Sales in December were 28.5 per cent higher than in December 2013," he told the Herald.

"At the same time, the number of properties on our books at the end of December was 2500, our lowest number for any month end in the past 10 years."

Mr Thompson said in a statement that although 2014 had ended with record sales, house prices in Auckland rose more slowly last year than they did in 2013.