Barfoot & Thompson director Kiri Barfoot said in the agency’s monthly market report yesterday that, while uncertainty plagued the Auckland residential market and affected sale numbers, prices of those properties that did sell remained rock solid.
Barfoot & Thompson, which manages 16,500 residential rental properties, said today rents had bounced up in some areas since Christmas after more than a year of rises coming more slowly.
Barfoot & Thompson managing director Peter Thompson saw trading in houses in March following the normal pattern, as sales nearly doubled from February while prices were stable.
Barfoot & Thompson managing director Peter Thompson said yesterday Auckland house sales in February were at their lowest monthly level since the height of the global financial crisis in December 2008.
Auckland real estate agency Barfoot & Thompson’s average & median house sale prices slipped in January to start the year slightly lower than in 2018, after picking up in the last few months.
Barfoot & Thompson director Kiri Barfoot said on Monday Auckland had experienced the slowest rate of residential rent increases in years.