Sales booming but prices steady: Barfoot and Thompson
Managing director Peter Thompson said: “In August we sold 1016 homes, the third time this year that we have sold more than 1000 homes in a month. In terms of sales numbers we are certainly in a period of high activity as in the previous four years we sold 1000 homes in a month on only one other occasion (in March 2011).”
But he said the activity was not pushing up prices.
“In August the average price was $592,395, less than $1000 higher than the average price in July, and in the last three months the average price has increased by less than 2%.
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“While prices are significantly ahead of those for the same period last year, the demand for property through the winter months meant that the traditional dip in values did not occur.”
During August, Barfoot and Thompson listed 1417 new properties, up 9.4% on listings in July and 10.5% higher than in August last year.
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