It was a busy month for sales across the city as March is traditionally one of the busiest in the property calendar. The firm reported an increase of 80% in sales which made it the busiest March since 2007.
‘Demand for property across the wider Auckland region remains strong, and will continue to do so for the foreseeable future,’ said Wendy Alexander, Barfoot & Thompson chief executive officer.
‘New listings for the month were the highest in any March for six years, and there is a wide range of properties coming through on our listings. While there remains a large number of buyers coming into the market, there was also more choice. Properties are selling quickly because they are priced sensibly to meet the market,’ she explained.
Sales of homes over $1 million continued to grow with homes in this price bracket accounting for 35% of total residential sales for March, the largest number of premium properties sold during a single month since 2008.
At the other end of the spectrum, 19% of homes sold in March were under $500,000.
Alexander said the activity at both ends of the housing market demonstrated the diversity and wide range of properties on offer throughout the Auckland region.
