Wellington was the region with the second-highest percentage of properties sold for over $1 million, at 45.1%. Although October 2021 was down (50.1%), it was an increase year on year — November https://tommccartney.co.nz/recent-sales/ 2020 saw 28.9% of properties in this region surpass the million mark. Manawatu/Whanganui saw a significant annual uplift in
- South Auckland, where the company began, is an affordable housing market with a solid base for business ventures and employment.
- The fastest selling properties in Canterbury were sold in 26 days. This is the lowest median days since 2006.
- The Project Team has seen such high demand for their services that an international division was created to market properties in Australia, and other parts of the globe.
- Auctions in Auckland accounted for 52.1% of properties sold compared to 43.0% in November 2020, and in Canterbury, 40.9% of properties were sold by auction compared to 22.3% in November 2020.
Many regions have seen the percentage of auctions increase significantly, with regions such as Canterbury seeing the percentage of auctions near double. On the flipside, regions such as Gisborne — with historically high auction rates — have had a decrease. We have heard anecdotally of properties being sold at auction or renegotiated because bidding falls below the reserve price,” Baird says. The Auckland median property price increased by 26.2% annually, from $1,030,000 in Nov 2020 to $1,300,000. In November 2021, it was $1,300,000. This is another record. One quarter of the 24 territories that had record median prices were in Auckland. All seven Auckland districts saw an increase in median prices annually, and six reached their median highs. Only the Franklin District was able to reverse the trend.
Listed below are the results of residential property auctions recorded by interest.co.nz. You should verify with the agent if a property is marked “not sold” at auction. The Project Team has seen such high demand for their services that an international division was created to market properties in Australia, and other parts of the globe.
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If you’re looking for properties and houses for sale or rent in Auckland, New Zealand, Century 21 Dhatt & Co has a broad selection of residential, commercial and rural real estate to suit all budgets. Across New Zealand, 32.6% of properties were sold by auction in November 2021 — compared to 26.4% in November 2020. Auctions in New Zealand excluding Auckland accounted for 21.1% of sales, up from 16.4% last year.
With four offices, Ray White AT Realty is south Auckland’s number one real estate business. We have unparalleled market expertise and area knowledge – you simply will not find better agents in this region. If you’d like to speak to one of our friendly real estate agents about houses and property for sale or rent in New Zealand, contact Century 21 Dhatt & Co today.