The Auckland – Waitakere property pulse factsheet for October 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Waitakere are of Auckland at 254 in the month rose slightly on a seasonally adjusted basis in October and were up a very significant 49% on October 2010. The inventory of unsold houses across the wider Auckland region remains below the long-term average at 34 weeks of equivalent sales.
The median sales price for property in the Waitakere region of Auckland at $411,000 is up 10% as compared to a year ago and showing a very significant recent rise to new 3-year levels. The asking price expectation of new listings across the wider Auckland region rose to $568,778 up 6% as compared to a year ago, and up on the recent 2 months.
The level of new listings coming onto the market across the wider Auckland region in October at 3,796 was down 3% as compared to a year ago.