Barfoot & Thompson | Grey Lynn by barfootsuburbsales

Grey Lynn & Surrounds

Jan.2025

barfoot.co.nz/grey-lynn

Market Report

Welcome to our

SOLD Grey Lynn & Surrounds Market Report magazine

for January 2025

Our magazine contains the latest available information regarding property sales in the local area along with details of market trends, stats and tips. Aucklanders continue to have an almost insatiable appetite for property market intelligence, so each month we will share details of the trends in your area. This is just part of our commitment to continue delivering you the highest level of service. We’ve been locals for decades so we know the area well. Our goal is to apply this knowledge for you so you’re able to make the most of the opportunity that today’s and tomorrow’s market presents. Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs. Thank you and all the best for the coming month.

Andrew Cosgrave and the Grey Lynn team

Grey Lynn branch 533 Great North Rd, Grey Lynn Auckland 1021

P 09 360 2323 E greylynn@barfoot.co.nz barfoot.co.nz/grey-lynn

Latest News

Long-awaited lift for Auckland housing market arrives The anticipated resurgence in Auckland’s property market occurred in November with prices and sales numbers increasing. “The long-awaited return of strong trading finally arrived in November,” said Peter Thompson, Barfoot & Thompson’s Managing Director. “Sales for the month at 1,002 were up 6 percent on our average monthly sales for the previous three months, and it was the first time in eight months that our sales have exceeded 1,000. “Prices were also up, with the median price at $1,011,000 pushing above the $1 million mark for the first time in five months. The median price was 6.8 percent above the average price for the previous three months.

homeowners and buyers have that the worst is over for the housing market, and that stability is returning.

with 19.6 percent of sales being for less than $750,000 and 6.2 percent of sales being for more than $2 million.

“The continued outlook for falling mortgage interest rates, a declining rate of inflation and expectations that the economy is edging towards recovery are all contributing to the resurgence in housing activity.

“While buyer interest increased markedly in the Rural and Lifestyle markets to the north, south and west of Auckland in November the longer sales process common in these markets creates a longer time lag in sales completion than urban sales. Sales activity in November at $43.1 million was in line with where sales were at this time last year.”

“Market choice for buyers remains at a decade-high level. “We listed an additional 1,782 properties in November, lifting our month-end stock levels to 5,711. This is 8.3 percent higher than where the average has been for the past three months and 18 percent higher than at this time last year.

“The average price at $1,132,795 was 2.4 percent above that for the previous three months.

“While November’s strong trading has set the market up for an active summer’s trading, high stock levels will likely contribute to price increases being restrained.

“This lift in sales and prices will add to the growing confidence

“Buyers were active across all price segments in November,

Peter Thompson Managing Director

Sales Data

Grey Lynn, Westmere, Herne Bay, Ponsonby, St Mary’s Bay, Point Chevalier, Kingsland, Mt Eden & Sandringham

November 2024

SALE PRICE

MEDIAN

Average

Sale Price

$1,807,920

$1,668,000

Highest $4,300,000 Lowest $95,000 Car Park

TOTAL SALES Nov. 2024 Nov. 2023

$2,025,000

BY PRICE BRACKETS

90 113

20%* * Total monthly sales up/down compared to the same period last year.

$0 - $1M $1 - $2M $2 - $3M $3 - $4M $4M+

22 36 19 10 3

Talk to us about Barfoot & Thompson’s number of days on the market for our different sale methods.

We Do make a difference. This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Market Share and Figures

34%

Market Leaders

We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.

$0-1M

$1-2M

$2-3M

34%

36%

33%

$3-4M

$4M+

19%

22%

Overall Market Share

Over the last 12 months, Barfoot & Thompson sold more than a third of all listed properties in our area.

For the period from 1st December 2023 to 30th November 2024, we sold 34% of all properties for sale in the area – that’s over 2045 sales made by Barfoot & Thompson!

Monthly sales overview in the local area* (*Recent Sales)

This page shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Suburbs in the Central Region area include Auckland City, Eden Terrace, Ellerslie, Epsom, Freemans Bay, Glen Innes, Glendowie, Grafton, Greenlane, Grey Lynn, Hillsborough, Kingsland, Kohimarama, Lynfield, Mangere Bridge, Meadowbank, Mission Bay, Mt Albert, Mt Eden, Mt Roskill, Mt Wellington, New Windsor, Newmarket, One Tree Hill, Onehunga, Orakei, Panmure, Parnell, Point Chevalier, Point England, Ponsonby, Remuera, Royal Oak, Sandringham, St Heliers, St Johns, St Marys Bay, Stonefields, Three Kings, Wai O Taiki Bay, Waterview & Westmere. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Number of

Sales

1st September to 30th November 2024 compared to the same period last year.

122

Grey Lynn

Westmere

Ponsonby + Freemans Bay

Herne Bay + St Marys Bay

36 37

Point Chevalier

Kingsland

Mt Eden + Sandr ingham

109 0

100

140

120

Same Period Last Year Last 3 months Same period last year Last 3 months

of properties in the local area* sold for $1.5 million or more over the last 3 months.

55% Average sale

* Grey Lynn, Herne Bay, Ponsonby, Point Chevalier St Mary’s Bay, Westmere, Kingsland, Mt Eden & Sandringham

Price

1st September to 30th November 2024 compared to the same period last year.

Grey Lynn

$1,381,270 $1,883,931

$2,464,772 $2,307,230

Westmere

$2,211,567 $2,131,287

Ponsonby + Freemans Bay

$2,782,391

Herne Bay + St Marys Bay

$2,026,150

$1,770,013 $1,839,202

Point Chevalier

$1,530,875 $1,473,593

Kingsland

$1,631,552 $1,496,155

Mt Eden + Sandr ingham $0

$500,000 Same Period Last Year

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Last 3 months

Same period last year

Last 3 months

Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where sales information was not publicly available, an individual sale may have been excluded from the average results and tallies. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

GETTING YOUR HOUSE READY TO SELL IN SUMMER Summer is a hot time of the year to sell and recent promising median price gains are compelling people to reconsider waiting to put their home on the market. Additionally, properties available for sale have increased and sales activity is recovering. So in short, there are currently many opportunities for vendors willing to make a move now. Here are five things that you can do to ensure your property is presented at its best.

1. Get an appraisal Our salespeople are expertly skilled at assessing value and they integrate their knowledge of the neighbourhood and the current market. Appraisals are pressure-free and come with zero obligation.

2. Think about first impressions Before a buyer enters your home, they’ve already formed an opinion based on what they’ve seen from the road. Freshly cut lawns, a well cared for garden or hedge, clean paintwork on the house exterior and water blasted concrete and fences make a huge difference and will make the buyer want to step inside.

3. Declutter and clean Remove clutter from all your spaces so that potential buyers can visualise themselves in the house. This includes removing very personalised art and family photos.

4. Repairs and renovations Get to those repairs that you have been putting off. Embrace your inner DIY-er and tackle things like plaster cracks, leaks, rusty squeaky hinges, cracked glass and other things that people will notice.

5. Stage the house for buyers While it is not a must-do to put your home on the market, it is at least worth a little research and a couple of calls to see what home staging would run you.

Our salespeople have all the experience you need and are happy to provide you with more advice and information. Feel free to drop in at a branch, call, or contact us online.

To find out more, contact one of our local salespeople

Recent Sales The following pages show a summary of sales in Grey Lynn and surrounding areas made by all selling agencies during November 2024. Our sales data includes information submitted by the selling agency and may include some private sales. Where details of a particular sale may not have been able to be fully verified, it may be omitted from our reports. Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Every reasonable effort has been made to ensure the accuracy of the information presented. Land and floor sizes are approximate, sourced from REINZ, Auckland Council or other public sources and may contain inaccuracies. Barfoot & Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Grey Lynn 46 Cooper Street Sale price $1,510,000 Land Size 321

CV $1,825,000 Floor size 98

Bedrooms 3

68 Crummer Road Sale price $2,040,000 Land Size 405

CV $2,600,000 Floor size 124

Bedrooms 4

91 Crummer Road Sale price $2,615,000 Land Size 556

CV $2,700,000 Floor size 184

Bedrooms 4

9/2 Dickens Street Sale price $955,000 Land Size Unit Title

CV n/a Floor size 100

Bedrooms 2

31 Dickens Street Sale price $4,100,000 Land Size 481

CV $3,425,000 Floor size 189

Bedrooms 5

CV $2,800,000 Floor size 155

Bedrooms 4

25 Farrar Street Sale price $2,475,000 Land Size 490

67 Francis Street Sale price $2,360,000 Land Size 445

CV $2,550,000 Floor size 113

Bedrooms 4

PU 72/406-428 Great North Road Sale price $785,000 Land Size n/a

CV n/a Floor size 63

Bedrooms 2

Lot 20/28 Hadlow Street Sale price $831,000 Land Size n/a

CV n/a Floor size 63

Bedrooms 2

16 Hakanoa Street Sale price $2,370,000 Land Size 640

CV $2,850,000 Floor size 113

Bedrooms 3

502/12 MacKelvie Street Sale price $1,370,000 Land Size Unit Title

CV $1,425,000 Floor size 95

Bedrooms 2

218 Richmond Road Sale price $1,472,500 Land Size Crosslease

CV $2,000,000 Floor size 77

Bedrooms 2

16 Wellpark Avenue Sale price $3,460,000 Land Size 374

CV $4,150,000 Floor size 227

Bedrooms 4

Westmere 62A Larchwood Avenue Sale price $1,605,000 Land Size Crosslease

CV $1,925,000 Floor size 154

Bedrooms 4

CV $2,225,000 Floor size 126

Bedrooms 3

79 Old Mill Road Sale price $2,560,000 Land Size 447

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Point Chevalier 1/55 Alberta Street Sale price $1,100,000 Land Size Crosslease

CV $1,160,000 Floor size 111

Bedrooms 2

11 Boscawen Street Sale price $3,100,000 Land Size 696

CV $3,225,000 Floor size 216

Bedrooms 4

35 Formby Avenue Sale price $1,700,000 Land Size Crosslease

CV $1,775,000 Floor size 103

Bedrooms 3

CV $1,975,000 Floor size 140

Bedrooms 4

CV $2,225,000 Floor size 156

Bedrooms 5

CV $760,000 Floor size 58

Bedrooms 2

104A Kiwi Road Sale price $1,995,495 Land Size 369

8 Lynch Street Sale price $1,850,000 Land Size 420

4 Novar Place Sale price $600,000 Land Size Crosslease

1/480 Point Chevalier Road Sale price $1,750,000 Land Size Crosslease

CV $2,200,000 Floor size 191

Bedrooms 4

500 Point Chevalier Road Sale price $3,500,000 Land Size 805

CV $5,000,000 Floor size 303

Bedrooms 6

CV $2,575,000 Floor size 159

Bedrooms 4

6 Rama Road Sale price $2,305,000 Land Size 579

5 Riro Street Sale price $1,435,000 Land Size 578

CV $2,200,000 Floor size 90

Bedrooms 2

20A Walmer Road Sale price $1,776,000 Land Size Crosslease

CV $1,775,000 Floor size 169

Bedrooms 3

CV $2,075,000 Floor size 109

Bedrooms 3

14 Wright Road Sale price $1,400,000 Land Size Crosslease

Ponsonby Area 1E Caroline Street Sale price $970,000 Land Size Unit Title

CV $1,300,000 Floor size 86

Bedrooms 2

47 Islington Street Sale price $3,125,000 Land Size 297

CV $2,925,000 Floor size 184

Bedrooms 4

1/135 Jervois Road Sale price $1,100,000 Land Size Crosslease

CV $960,000 Floor size 85

Bedrooms 2

201A Jervois Road Sale price $4,100,000 Land Size 529

CV $4,400,000 Floor size 249

Bedrooms 4

9/97 Jervois Road Sale price $4,300,000 Land Size Unit Title

CV $4,650,000 Floor size 220

Bedrooms 3

CV $3,450,000 Floor size 158

Bedrooms 3

CV $2,675,000 Floor size 163

Bedrooms 3

53 John Street Sale price $3,880,000 Land Size 420

91 John Street Sale price $2,501,000 Land Size 288

90 Lincoln Street Sale price $2,125,000 Land Size 333

CV $2,650,000 Floor size 120

Bedrooms 3

2/7 Masefield Avenue Sale price $2,800,000 Land Size Crosslease

CV $3,225,000 Floor size 160

Bedrooms 3

74 Norfolk Street Sale price $1,050,000 Land Size Crosslease

CV $1,240,000 Floor size 94

Bedrooms 2

3/38 Sarsfield Street Sale price $1,350,000 Land Size Crosslease

CV $1,850,000 Floor size 169

Bedrooms 3

5/20 Shelly Beach Road Sale price $567,500 Land Size Unit Title

CV $790,000 Floor size 44

Bedrooms 1

201/32 Shelly Beach Road Sale price $3,275,000 Land Size Unit Title

CV $4,750,000 Floor size 161

Bedrooms 3

17 Tawariki Street Sale price $1,360,000 Land Size 369

CV $1,675,000 Floor size 105

Bedrooms 2

CV $2,150,000 Floor size 185

Bedrooms 3

2C Tweed Street Sale price $1,890,000 Land Size Unit Title

2/4 Vermont Street Sale price $1,195,000 Land Size Crosslease

CV $1,080,000 Floor size 62

Bedrooms 2

Kingsland 5 Alexander Street Sale price $1,839,000 Land Size 334

CV $1,825,000 Floor size 139

Bedrooms 4

CV $2,225,000 Floor size 169

Bedrooms 4

CV $2,025,000 Floor size 123

Bedrooms 3

43 First Avenue Sale price $2,140,000 Land Size 405

51 First Avenue Sale price $1,426,000 Land Size 455

39 Fourth Avenue Sale price $1,660,000 Land Size 556

CV $1,650,000 Floor size 155

Bedrooms 3

Mt Eden 201/11 Akepiro Street Sale price $610,000 Land Size Unit Title

CV $610,000 Floor size 47

Bedrooms 2

2 Altham Avenue Sale price $1,790,000 Land Size 506

CV $2,075,000 Floor size 121

Bedrooms 3

CV $1,500,000 Floor size 125

Bedrooms 3

CV $1,650,000 Floor size 125

Bedrooms 3

3 Balmer Lane Sale price $1,550,000 Land Size 216

5 Balmer Lane Sale price $1,405,000 Land Size 201

1C Bathurst Road Sale price $580,000 Land Size Unit Title

CV $700,000 Floor size 44

Bedrooms 1

29 Bellevue Road Sale price $2,830,000 Land Size 558

CV $2,675,000 Floor size 131

Bedrooms 4

18 Burnley Terrace Sale price $2,126,000 Land Size 516

CV $2,575,000 Floor size 130

Bedrooms 3

9/20A Charlton Avenue Sale price $425,000 Land Size Crosslease

CV $490,000 Floor size 39

Bedrooms 1

29 Croydon Road Sale price $3,020,000 Land Size 663

CV $3,050,000 Floor size 182

Bedrooms 5

428 Dominion Road Sale price $95,000 CV n/a Land Size Car Park Space Floor size n/a

Bedrooms n/a

314/428 Dominion Road Sale price $391,305 Land Size Unit Title

CV $650,000 Floor size 52

Bedrooms 1

1L/94 Dominion Road Sale price $220,000 Land Size Unit Title

CV $500,000 Floor size 45

Bedrooms 1

304/27 Enfield Street Sale price $905,000 Land Size Unit Title

CV $1,060,000 Floor size 79

Bedrooms 2

325/27 Enfield Street Sale price $930,000 Land Size Unit Title

CV $1,120,000 Floor size 84

Bedrooms 2

301/30A Enfield Street Sale price $970,000 Land Size Unit Title

CV $1,100,000 Floor size 76

Bedrooms 2

2/20 Fairview Road Sale price $1,240,000 Land Size 61

CV $1,725,000 Floor size 118

Bedrooms 3

6/20 Fairview Road Sale price $1,455,000 Land Size 93

CV $2,025,000 Floor size 160

Bedrooms 4

2/20 Henley Road Sale price $690,000 Land Size Crosslease

CV $770,000 Floor size 51

Bedrooms 2

19B Kain Street Sale price $835,000 Land Size 312

CV $1,180,000 Floor size 170

Bedrooms 4

12 Kenyon Avenue Sale price $3,760,000 Land Size 926

CV $4,500,000 Floor size 130

Bedrooms 4

25 Kingsview Road Sale price $3,218,000 Land Size 708

CV $3,600,000 Floor size 220

Bedrooms 5

59C Landscape Road Sale price $920,000 Land Size Crosslease

CV $1,200,000 Floor size 139

Bedrooms 3

CV $2,325,000 Floor size 160

Bedrooms 4

1 Matipo Street Sale price $2,250,000 Land Size 721

586 Mount Eden Road Sale price $3,350,000 Land Size 916

CV $4,100,000 Floor size 285

Bedrooms 4

3/903A Mount Eden Road Sale price $770,000 Land Size Crosslease

CV $820,000 Floor size 125

Bedrooms 2

CV $2,075,000 Floor size 113

Bedrooms 4

121 Peary Road Sale price $2,800,000 Land Size 536

126 Shackleton Road Sale price $1,900,000 Land Size 430

CV $2,175,000 Floor size 125

Bedrooms 3

36B Shackleton Road Sale price $1,528,000 Land Size Crosslease

CV $1,675,000 Floor size 131

Bedrooms 4

57A Shackleton Road Sale price $1,400,000 Land Size Crosslease

CV $1,700,000 Floor size 212

Bedrooms 4

18 Sherbourne Road Sale price $2,630,000 Land Size Crosslease

CV $2,600,000 Floor size 242

Bedrooms 5

10 Telford Avenue Sale price $1,788,000 Land Size 989

CV $2,550,000 Floor size 141

Bedrooms 4

Sandringham 29 Aroha Avenue Sale price $1,400,000 Land Size 552

CV $1,800,000 Floor size 104

Bedrooms 3

CV $1,340,000 Floor size 99

Bedrooms 3

CV $1,260,000 Floor size 110

Bedrooms 3

16 Coyle Street Sale price $1,310,000 Land Size Crosslease

16 Euston Road Sale price $1,095,000 Land Size Crosslease

6 Halesowen Avenue Sale price $1,676,000 Land Size 613

CV $2,025,000 Floor size 100

Bedrooms 3

3/33 Kitchener Road Sale price $550,000 Land Size Crosslease

CV $560,000 Floor size 52

Bedrooms 2

CV $2,075,000 Floor size 113

Bedrooms 4

CV $3,200,000 Floor size 245

Bedrooms 4

14 Lancing Road Sale price $1,887,000 Land Size 627

51 Paice Avenue Sale price $2,710,000 Land Size 589

312 Sandringham Road Sale price $1,700,000 Land Size 635

CV $1,900,000 Floor size 109

Bedrooms 3

Lot 5/50 Shorwell Street Sale price $875,000 Land Size 95

CV n/a Floor size 75

Bedrooms 2

50D Shorwell Street Sale price $850,000 Land Size 95

CV n/a Floor size 75

Bedrooms 2

20 Taumata Road Sale price $2,225,000 Land Size 674

CV $2,900,000 Floor size 285

Bedrooms 5

CV $2,475,000 Floor size 143

Bedrooms 4

13 Ward Terrace Sale price $2,380,000 Land Size 508

Meet the Team Andrew started his working life as a flight navigator on C130 Hercules aircraft in the Royal Australian Air Force. After 10 years, he moved to Auckland and started his own busy food retail business in Newmarket. Eight years later, Andrew joined Barfoot & Thompson’s Blockhouse Bay Branch, moving to the Grey Lynn Branch in 2007. Andrew rapidly became a well known and successful salesperson in Grey Lynn and in 2011 he took over as manager at that Branch.

Andrew Cosgrave Branch Manager 021 719 090

With a background in buying and selling his own property through the years (Andrew bought his first house in Perth at age 20), in military flying and training, and owning his own business - the manager’s role brings Andrew’s previous roles and skills together in building and training a team of real estate professionals. The Branch culture is built around one underlying philosophy: “To exceed our client’s expectations” - be that in achieving the absolute best sell price for vendors, to giving the best possible service to the Branch’s landlords and buyers with a team of conscientious and highly skilled sales and rental staff.

Property Management team

Vlad Muhin Head of Property Management 0272 332 724

Ly Hoang Senior Property Manager 027 431 9472

Piyush Odedra Property Manager 027 431 9473

Ariana Stephens Property Management Administrator

Residential Sales team

Kath Barnes 027 240 0015

André Boddé 021 662 873

Ben Buchanan 027 202 7027

Sue Cohen 0274 959 039

Marc Collins 027 448 5961

John Elgar 0274 773 442

Andrew Gallagher 021 264 7873

Ryan Harding 021 621 580

Emily Huang 027 480 5519

Repeka Lelaulu 027 499 0855

Lisa Lin 021 388 598

Pannie Liu 027 606 3369

Daragh Manning 027 707 7070

Andy Martin 021 770 014

Bruce Murtagh 021 433 669

Matt O’Rourke 021 375 909

Michelle Puryer 021 557 751

Sheba Soundhar 021 678 778

Sanchaya Soundhar 021 678 668

Paulette ThompsonClay 021 997 793

Jacqui VaughanKells 027 447 5401

Mike Vermeulen 022 543 9535

Grey Lynn

AKTSM10

Barfoot & Thompson Grey Lynn 533 Great North Road, Grey Lynn, Auckland 1021 Residential Sales 09 360 2323 Property Management 09 376 8954 Email greylynn@barfoot.co.nz

barfoot.co.nz/grey-lynn