No ex­pec­ta­tions for house sales

South Waikato News - - PROPERTY -

The Auck­land real es­tate mar­ket was weak in the sec­ond half of 2010 com­pared with the first half, with new list­ings and ac­tual sales in the month of De­cem­ber well be­low De­cem­ber 2009, say Bar­foot & Thomp­son.

Real es­tate ap­pears to have tracked eco­nomic sen­ti­ment, with a strong start to 2010 pe­ter­ing out half-way through the year.

‘‘The av­er­age num­ber of houses sold per month over 2010, at around 665 homes, was down on the 2009 av­er­age of around 780,’’ said man­ag­ing di­rec­tor Peter Thomp­son. While sec­ond half sales were lower, they had been main­tained at a steady rate.

The firm is ‘‘pos­i­tive but cau­tious’’ about this year and sug­gests the elec­tion and Rugby World Cup will dampen sales ac­tiv­ity again in the sec­ond half.

Both av­er­age sale prices and new list­ings were com­pa­ra­ble for the whole of the 2010 cal­en­dar year, com­pared with 2009.

The av­er­age sale price rose 1.4 per cent to $529,648, com­pared with a year ear­lier, while av­er­age monthly new list­ings at 1319 were barely changed from 1314 the year be­fore. The month of De­cem­ber 2010 was weak. New list­ings were down 23.6 per cent, sales were down 19.1 per cent and the av­er­age sales price was off 4.2 per cent to $529,682, Thomp­son said.

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