Stand-off in Auckland property boom

Auckland vendors hold out for maximum return while purchasers have more choice and refusing to be rushed

Wednesday, December 11th 2002, 8:27AM

by The Landlord

Barfoot and Thompson Director Peter Thompson believes its more than the normal pre-Christmas slowdown.

He thinks vendors are holding out for the maximum return while the seasonal influx of listings means purchasers have more choice and are refusing to be rushed into buying.

The average price for a home in Auckland has climbed for the fourth month in a row. It is now $367,000, 11,000 more than last month. The average price has increased by more than $44,000 since July.
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