Barfoot’s Auckland house sales down 56pc in March
Barfoot %26amp; Thompson said today it sold just 632 houses in March compared to 1,444 sales in March last year. The average sale price, meanwhile, rose 5.2 per cent from February to $522,336.
From a volume perspective, March was certainly very quiet and the affect seems to have been felt across all sectors of the market from modest first homes through to the million plus category, Barfoot %26amp; Thompson managing director Peter Thompson said.
He said Barfoot %26amp; Thompson, which sells about one-third of Auckland residential properties, also ended March with high stock levels.It had 7,379 properties on its books, compared to a monthly average of 4,817 for all of 2007.
In property management, March saw an increase in average weekly rent to $391, up from $382 in February. Thompson said this probably reflected landlords passing on interest rate rises and other increased costs to tenants.
Barfoot %26amp; Thompson let 622 houses and units in March, compared to 714 in February and 748 in January.
