1 Dec 2015

Auckland apartment asking prices soar

12:54 pm on 1 December 2015

The national average asking price for houses on realestate.co.nz has remained below record highs for the past three months, the online advertiser says.

But asking prices for Auckland apartments are up 31.5 percent to a record $660,001 in November from about $500,000, the same time last year.

The national average asking price for houses was $547,515 in November and $849,882 in Auckland.

Chief executive of realestate.co.nz Brendon Skipper said demand was particularly strong in regions near Auckland, with record high prices in Waikato, Bay of Plenty and Coromandel.

He said the number of new listings was down 5.6 percent nationwide, which was putting pressure on the already low inventory of homes available for sale, particularly in Wellington.