APARTMENTS
Posted on September 18, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Listings for apartments in August were up 16.3% when compared to July, with 529 being brought to the market, on a year-on-year basis listings were down 15.9%. The truncated mean asking price of new listings slipped again to $349,192 in August from $356,762 in July, representing a decrease of 5.6% on the recent three month average.
The Auckland apartment market followed the national trend with 385 new listings coming onto the market, up 19.2% on July 2012 and down 16.7% when compared to August last year. The truncated mean asking price of new listings in Auckland fell to $334,150 from $344,479 in July representing a 9.2% fall on the prior three months.
Filed under: REAL ESTATE | Tagged: Real Estate