Auckland house prices keep soaring - up $918 daily in April

Barfoot and Thompson says it's the first time the $800,000 average sales price has been broken in a month.

Average sales prices for Auckland residential property sold by the city's biggest agency rose by $918/day last month compared to March.

Barfoot & Thompson has just released sales data showing that the residential properties it sold had an average sale price of $776,729 in March but that rocketed up to $804,282 last month.

The average was therefore up $27,553 in one month alone or $918/day.

But volumes were down sharply from 1597 sales in March to 1070 last month.

Wendy Alexander, Barfoot chief executive, said this was the first time the $800,000 barrier was broken in Auckland.

"While trading activity in April was significantly down compared to March's extraordinary sales, Auckland residential property prices during the month rose to new heights," she said.

"The average price increased to $804,282, which was an increase of 3.5 per cent on that for March, while the median price at $753,500 was an increase of 6 per cent. Since the start of the year, the average price has increased by 6.2 per cent and the median price by 7.6 per cent.

"While these are significant increases, they are not out of the ordinary in that they are similar to the levels of increase experienced over the past two years. More top end properties are sold in the summer/autumn months than in the second half of the year, and this results in the average price easing back after strong starts to the year.

"Our average sale price increase over the 12 months ending April 30 is 13.5 per cent," she said.

See the figures here: