REINZ Residential Highlights - April 2008

Northland

In total, 101 houses sold in Northland in April (March 2008: 153; April 2007: 241). The median price increased to $359,000 from $325,000 in March (April 2007: $320,000).

15 houses sold in the Whangarei County area (March 2008: 22; April 2007: 27). The median price rose significantly to $518,000 from $421,250 in March (April 2007: $387,000).

49 houses sold in Whangarei City in April, down on the 66 sold in March (April 2007: 115). The median price rose to $334,000 (March 2008: $310,500; April 2007: $315,000).

Auckland

The median house price in Auckland rose to $450,000 in April, from $437,500 in March (April 2007: $452,000). 1,350 houses sold in April, down on the 1,621 sold in March (April 2007: 2,843).

The median sales price for a North Shore City home remained steady at $510,000 in both April and March 2008 (April 2007: $540,000). 249 houses sold during the month, 20 less than the 269 sold in March (April 2007: 535).

Sales volume fell in Waitakere City in April with 170 houses sold (March 2008: 210; April 2007: 390). The median price dipped to $370,000 (March 2008: $373,634; April 2007: $380,000).

The median price for an Auckland City house fell to $463,000 in April (March 2008 and April 2007: $510,000). 491 houses sold in April, down from 551 in March (April 2007: 909).

264 houses sold in Manukau City in April (March 2008: 352; April 2007: 595). The median price also increased to $426,500 from $390,000 in March (April 2007: $425,000).

Sales eased in Papakura with 26 houses sold (March 2008: 46; April 2007: 130).The median price also eased to $295,000 (March 2008: $329,500; April 2007: $335,000).

The median price for a Metropolitan Auckland house rose to $445,000 in April, up from $440,400 in March (April 2007: $459,000). 1,200 houses sold (March 2008: 1,428; April 2007: 2,559).

73 houses sold in Rodney District, down on the 102 sold in March (April 2007: 134). The median price reached $500,000, up from $482,500 in March (April 2007: $459,250).

The median price for a Franklin District home rose to $410,000 in April, from $365,000 in March (April 2007: $358,000). 43 houses sold in both April and March 2008 (April 2007: 89).
34 houses sold in Thames/Coromandel in April, down on the 48 sold in March (April 2007: 61). The median price rose to $450,000 from $365,000 in March (April 2007: $380,000).

The median price for an Outer Auckland home increased to $457,500 in April, from $420,000 in March (April 207: $412,250).150 houses sold, down on the 193 sold in March (April 2007: 284).

Waikato/Bay of Plenty/Gisborne

The median price for a house in the Waikato/Bay of Plenty/Gisborne region eased to $315,000 in April (March 2008: $320,000; April 2007: $312,500). 630 houses sold, down on the 677 and 1,194 sold in March 2008 and April 2007 respectively.

Sales fell in Waikato Country in April with 127 houses sold (March 2008: 150; April 2007: 237). The median price increased to $258,000 (March 2008: $253,750; April 2007: $245,000).

The median price for a Hamilton City house rose to $340,000 in April, from $332,000 in March (April 2007: $337,750). Sales volume was steady, with 149 houses sold in both April and March 2008 (April 2007: 256).

Sales volume improved in Western Bay of Plenty Country with 42 houses sold, up on the 38 sold in March. The median price eased to $405,000 from $440,000 in March. In April 2007, 83 houses sold with a median sales price of $340,000).

The median price for a house in Mt Maunganui/Papamoa increased to $468,000 in April, from $450,000 in March (April 2008: $431,250). 51 houses sold, down on the 57 and 84 sold in March 2008 and April 2007 respectively.

74 houses sold in Tauranga in April, down on the 79 sold in March (April 2007: 165). The median price reached $352,500, up from $350,000 in March (April 2007: $370,000).

Rotorua's median price eased to $237,500 in April, down from $254,000 in March (April 2007: $240,000). 68 houses sold, down on the 78 sold in March (April 2007: 141).

15 houses sold in Taupo in April, down on the 39 sold in March (April 2007: 63). The median price fell from $335,000 in March to $317,500 in April (April 2007: $380,000).

The median price for a King Country home increased to $160,000 in April (March 2008: $152,000; April 2007: $165,000). 17 houses sold (March 2008: 15; April 2007: 24).

The median price for a Gisborne City home dropped to $222,000 from $237,500 in March (April 2007: $275,000). 39 houses sold, five more than the 34 sold in March (April 2007: 67).

Just one house sold in Gisborne Country in April (March 2008: 0; April 2007: five). The price of the sole sale was $110,000 compared to $279,000 in April 2007.

The median price for a house in Eastern Bay of Plenty Country increased to $320,000 in April, up from $271,250 in March (April 2007: $260,000). 47 houses sold, up on the 38 sold in March and down on the 69 sold in April last year.

Hawke's Bay