Mixed results for Auckland market

The latest sales figures from Auckland real estate agency Barfoot & Thompson paint a mixed picture of the property market during April with the average sale price increasing significantly at the same time that new listings almost halved.

Wednesday, May 10th 2006, 12:00AM

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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