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Barfoot reports strong January sales

Tuesday 5th of February 2013

The agency said its average price in Auckland in January this year was more than $600,000 and there was a big lift in new listings and sales.

Managing director Peter Thompson said: “Normally, January is a quiet month with so many people away from the city enjoying their summer break, but this has not been the case this year. In January we listed 1440 properties, our highest number in a January for five years, and 39.7% higher than in the same month last year.”

There were 820 properties sold by the agency in January, a level not achieved in six years. The number of sales was 20.1% up on the same time the year before.

“As always occurs at the start of a new year, prices edged lower than those pre-Christmas, but January’s average price of $600,754, is the first time we have achieved an average price above $600,000 in a January. Compared to last January, the average price is up 13.4 percent,” Thompson said.

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Latest Comments
FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
2 days ago Steve Wright
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Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
2 days ago Backstage
FMA outlines its latest expectations for advisers
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