Auckland house price fall attributed to holidays
Saturday 7 February 2004
Auckland house prices continued to fall last month, says the city's largest real estate agency.
By The LandlordFigures from Barfoot & Thompson showed the average house sale price sank from $422,961 in December to $382,439 in January, but agency director Peter Thompson attributed this to the seasonal slowdown that happens in the New Year.
Barfoots said Auckland's median in September was $402,505, rose to $422,001 in October then fell back to $414,742 in November. The December figures were artificially high because they were inflated by one sale of more than $6 million, Thompson said, and the October figures were also skewed by one large transaction.
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