February picked up slightly from the previous month with the number of sales increasing by 89.  Whilst the extra properties available to buyers didn’t negatively affect the average number of days which dropped by 2 or the average sale price which rose 16.6% from January.

Suburbs that saw the highest increase in average sale prices compared to last month were; Castor Bay – 44%; Belmont – 40%; and Takapuna – 40%.  Bayswater, Hauraki and Oteha also increased by 100% due to no sales recorded in these suburbs in January.

Suburbs that saw the highest decline in average sale prices compared to last month were; Beach Haven – 15%; Long Bay – 14%; Mairangi Bay – 13%; Waiake – 13%; and Devonport – 12%.

Takapuna recorded the lowest sale price of $185,000 for February whilst Hauraki recorded the highest sale price of $7,000,000.

If you would like to receive the full report on the real estate market in your suburb, please fill out the form below or send me an email at anita.dobson@mikepero.com.