colinrealestate

December : Asking prices eased across many regions of the country to levels not seen since June 2013, down 6% for the month to $451,448. This ease will be welcome news to buyers looking for a home at the start of 2014. Although, year-on-year asking prices are continuing an upward trend.
These findings follow record high asking prices recorded in October.
In some region, however, we saw record high asking prices in contrast to the rest of the country, both Taranaki and Canterbury up 5.1% and 1.6% respectively.
Auckland’s average house price hits a record high as more properties are selling in the top end of the market. A huge number of million dollar properties have been sold over the last months. There has also been a slowdown in the lower end of the market with LVR restrictions pushing the average price up to a record $700K.

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