Auckland median down on May, up on June 2001
Auckland sales represented 43% of the national total, 50% of the national value in June, according to the Real Estate Institute’s monthly survey.
Total Auckland dwelling sales in June were 2657 for a total $842 million. Total New Zealand sales were 7486 for $1.679 billion, up from 6147 for $1.3 billion in June 2001. The national figures show a 22% rise in number, 29% in value.
The national median price was $184,000 in June, $188,000 in May, $177,000 in June 2001.
The Auckland median price was $261,800 in June, $266,000 in May, $253,000 in June 2001.
In metropolitan Auckland (excluding Rodney & Franklin districts), median prices were:
North Shore 564 sales at $286,000, May $280,000, June $272,500.
Waitakere 346 at $210,544, $207,000, $204,000.
Auckland City 863 at $300,000, $315,000, $290,000.
Manukau 507 at $256,000, $265,000, $250,000.
Papakura 64 at $200,500, $180,000, $187,000.
[Nobody works harder than the Real Estate Institute to turn statistics to advantage. I’ve abandoned the institute’s notion of statistical value throughout the era of the median numbers as displayed above, but was sent the latest batch of numbers a couple of days ago, along with the contradictory statements of the institute president. I don’t believe the monthly figures as presented above are a reliable indicator of anything, much like the grammatically nonsensical Massey University confidence surveys use a lot of cardboard to prove nothing. But, just this once, you can have the figures. Unless you really want them, it won’t happen again.