by The Landlord
B&T sold 829 residential properties in Auckland during April for an average sale price of $483,394. This was almost five percent ahead of the same month last year and almost seven percent ahead of the average for the first quarter of 2006.
However it only signed up 1,156 new listings in April compared to 2,039 the previous month.
B&T director Peter Thompson says buyers are currently faced with a more limited choice and are still having to pay good market prices.
Thompson expresses caution about the sales figures: “We would interpret this as a one-off jump rather than a trend.”
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