The latest national residential property figures from Harcourts NZ show a stable market across the country with some minor variances on last the same period last year.
The average national house price in April increased by 6.8% from $584,559 to $624,172, which is an encouraging sign for those wishing to sell up in Autumn.
Auckland prices have continued to rise and with averages having tipped $1,065,739 in April 2018 and total listings up by an incredible 28.5% on this period last year, Auckland remains a buoyant market to buy and sell property in.
Central Region, taking in Bay of Plenty and Waikato, and Wellington, which includes Taranaki and Hawkes Bay, saw positive increases across the board. Total listings increased by 31.2% on last year and new auctions saw a 20.5% uplift. This is a good sign that more people are putting their trust in good sales agents to get their property sold. The average sales price in this area continues to rise and now sits at $520,111, which is 11.3% up on last year’s April figure of $467,468.
Wellington’s average house price has continued to rise and since last year has increased from $441,354 to $503,844. This 14.2% increase will be of no surprise to anyone watching over this market.
Christchurch city has seen a slight decrease in it’s average sale price from $549,284 to $517,034 which will be good news for those first-time buyers who are so keen to climb onto the property ladder in our garden city.
The provincial South Island also saw an average price increase, year on year, of 15.4% to now sit at $469,789.
Harcourts NZ CEO Chris Kennedy says it is great to see steady activity and price increases in the regions.
“Taking the focus away from Auckland and Christchurch allows us to reflect on how well areas of New Zealand such as the central region and Wellington are actually going. With sales and sales prices on the up, people can take comfort that they are buying and selling in a healthy market.
There are some excellent properties being listed and we’re here to ensure that everyone we work with will get the best outcome.”
Chief Executive Officer
Harcourts New Zealand