SuperCity sales fall 50% in lockdown
The SuperCity’s biggest real estate agency saw 552 sales in April while the country was in Covid-19 induced lockdown.
That was a 49.6% decline on the 1,096 sales seen in March and a 17.2% decline on the 667 sales seen in April last year.
However, April’s prices were not down by much, with the average price at $962,136 (down by 3.2% on March but up by 3.6% year-on-year) and the median price at $900,000 (down by 2.7% on March but up by 8.4% year-on year).
Barfoot & Thompson’s managing director Peter Thompson says that, not surprisingly, it was the sales number where the biggest decline was felt.
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