House sales up last month
Wednesday 10 March 2004
The number of regional house sales was up in February, but the average price has fallen by more than $21,000 since January.
By The Landlord
Eighty-one-year-old real estate firm Barfoot and Thompson reports sales activity was four per cent ahead of January and 10 per cent better than for February last year.Director Peter Thompson says it demonstrates that there is "continued strong interest" in the residential property market across the region.
The average home sale price in February was $360,876, down from January's $382,439.
Mr Thompson believes the decrease is "probably not significant" when predicting market trends, because February's figures were influenced by two apartment complex sales programmes.
Read More - Opens in a new window
Commenting is closed
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
