Harcourts reports market urgency
A sense of urgency has taken hold in the New Zealand property market, real estate agency Harcourts says.
Tuesday, December 16th 2014, 12:00AM
by The Landlord
It has released its statistics for December, showing an increase in turnover in all regions except Christchurch.
Average house prices in Auckland and Northland were up 8% to $709,823.
Wellington prices increased 5% on average, to $377,566. Christchurch's inched up 2% year-on-year to an average $488,250.
The northern region experienced a 5.4% year-on-year drop in new listings and a 24.7% increase in written sales.
The central region reported a 22.3% increase in written sales, Wellington a 16.9% increase and the provincial South Island region a 6% increase.
Wellington had more than 8% less property on hand last month than in November 2013.
Harcourts chief executive Hayden Duncan said the Christchurch market had eased a little and there was more choice available to buyers as new construction created more properties for sale.
Total new listings in Christchurch were up 11% from the same time a year ago. Written sales were down 5% and property on hand increased 28.2%.
Duncan said: “Listings throughout the country have been strong throughout spring but we do expect to see the traditional decline in volume as the holiday period approaches.”
| « Rents inch up | Barfoot reports booming December » |
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