The Auckland North Shore property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales on the North Shore of Auckland at 431 in the month rose on a seasonally adjusted basis in November and were up 29% on November 2010. The inventory of unsold houses across the wider Auckland region at 27 weeks remains below the long-term average at 34 weeks of equivalent sales.
The median sales price for properties sold on the North Shore in November at $570,000 was up 4% from a year ago and continues to set new highs of the past 3 years. The asking price expectation of new listings across the wider Auckland region remains stable at $556,610 up just 2% as compared to a year ago.
The level of new listings coming onto the market across the wider Auckland region in November at 4,459 was up 6% as compared to a year ago.