Waitakere homes NZ's best sellers
Houses in Waitakere are selling faster than anywhere in the country.
The Real Estate Institute of New Zealand says in August it took an average of 28 days to sell a property in West Auckland, two days below the Auckland average of 30 and seven days below the national average of 35.
The number of Waitakere properties sold has increased by 25.8 per cent compared to a year ago, taking the August total to 322.
Institute chief executive Helen O'Sullivan says the Auckland real estate market is growing faster than the rest of the country.
"While both Auckland and Christchurch recorded new record median prices during the month it is the strong sales volume growth in Auckland that is most notable. Normally at this time of year we see a dip in sales volumes.
"In many parts of the country we are also seeing shortages of houses available for sale, often a market feature at the end of winter, although expectations for a rush of listings in the spring are not strong," she says.
Barfoot and Thompson Te Atatu manager Leonie Higgins says the branch is selling everything that comes its way but people are still reluctant to put houses up for sale.
"People are being careful because they need to be sure that once they sell their house they have another one to move into. Our listing numbers have been reasonable but we don't have any left over because we are selling them. People are missing out on two or three houses before they can buy one," she says.
Nationally 6035 houses were sold in August up from 5192 a year ago.
- © Fairfax NZ News
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