March Predictions For Auckland House Prices

As we move into March, I can testify that in the last 3 weeks or so our sales volume has really blossomed. February 2018 turned out to be a very busy month for us with lots of happy vendors, great sales and lots of new listings as well.

Traditionally this is one of the best times of the year to sell, and many vendors that have been thinking of selling have decided to take advantage of that fact it would seem. We see this trend carrying on for the next month or two while people get their houses sold prior to the new government implementing their policies, which will surely have some effect on the market place, probably a dampening one, as that is their publicly stated aim.

If you were thinking of selling it seems now would definitely be the time to list with us!

The REINZ had this to say… “Sales volumes across New Zealand rose when compared to the same time last year for the first time in 19 months” according to the latest data from the Real Estate Institute of New Zealand (REINZ). The number of properties sold in Auckland increased 0.9% year on year to 1,157 up from 1,147.

Auckland’s median price decreased by 1.2% to $820,000, down from $830,000 at the same time last year. However, the REINZ report went on to say… “Looking at the decrease in median price in Auckland, much of the reduction is attributable to the decreases in Manukau City, Rodney District and Waitakere City which were down - 10.2%, 4.3% and 2.8% respectively. Manukau City’s median price is the lowest since January 2016, Rodney’s is the lowest median price since September 2017 and Waitakere’ s is the lowest since March 2016, so you can see why this has pulled the overall Auckland median down.”

Our properties on show this weekend are as follows. Keep eyes on future newsletters as we have a heap of cool new listings coming up!