Welcome to our SOLD Milford Market Report magazine
for December 2024
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.
Milford branch 180 Kitchener Road Milford, Auckland 0620
Henry Barfoot and the Milford team
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.
“The average price at $1,132,795 was 2.4 percent above that for the previous three months.
“This lift in sales and prices will add to the growing confidence homeowners and buyers have
that the worst is over for the housing market, and that stability is returning.
“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.
“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.
“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.
“Buyers were active across all price segments in November,
with 19.6 percent of sales being for less than $750,000 and 6.2 percent of sales being for more than $2 million.
“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.”
Peter Thompson Managing Director
Milford, Castor Bay, Forrest Hill
Market Share and Figures
Market Leaders Overall Market Share
We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.
Over the last 12 months, Barfoot & Thompson sold more property in our area* than any competitor.
For the period from 1st December 2023 to 30th November 2024 we sold 40% of all properties for sale in the area* – that’s over 1380 sales made by Barfoot & Thompson!
Monthly sales overview in the local area* (*Recent Sales)
Mairangi Bay
North Shore managers from our
The largest network of buyers in Auckland.
ALBANY • BEACH HAVEN • BIRKENHEAD • BROWNS BAY
DEVONPORT • GLENFIELD • GREENHITHE • LONG BAY • MAIRANGI BAY
MILFORD • NORTHCOTE • TAKAPUNA • TORBAY
Auckland Region Rental Summary
November 2024
Recent
Sales
The following pages show a summary of sales in Milford, Castor Bay & Forrest Hill 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.
2/22 Belmont Terrace
$980,000
38 Belmont Terrace
$1,080,000 $1,500,000 CV
1/42 Belmont Terrace
$1,305,000 $1,530,000 CV
32A Corunna Road
$1,525,000 $1,610,000 CV
2/24A Dallinghoe Crescent
$1,365,000
31/82 East Coast Road
$1,170,000
16A Fenwick Avenue
$2,560,000
9 Forrest Hill Road
$1,680,000
102A Kitchener Road
$3,225,000 $2,625,000
103/110 Kitchener Road
$1,960,000
7/38 Kitchener Road
$935,000
2 Omana
Road
$2,000,000
2/3 Omana Road
$1,025,000
1/16
Otakau Road
$872,800
1/26 Quebec Road
$1,090,000
18D Stratford Avenue
$1,500,000
5B Trafalgar Road
$1,652,000
1/20 Wolsley Avenue
$1,192,500
Castor Bay
131 Beach Road
$2,337,500 $2,600,000
149A Beach Road
$3,050,000
157 Beach Road
$2,633,000 $2,900,000
4
1/18
Bevyn Street
$1,085,000 $910,000
2/6 Castor Bay Road
$1,280,000
38 Parr Terrace
$2,275,000
86 Parr Terrace
$2,530,000
2/3 Peter Terrace
$1,230,000
58A Peter Terrace
$3,300,000
1/9 The Esplanade
$4,050,000 $4,750,000 CV
Forrest Hill
44C Blakeborough Drive
$1,125,000 $1,200,000 CV
81A Bond Crescent
$1,040,000 n/a CV
81D Bond Crescent
$1,130,000 n/a CV
91A Bond Crescent
$945,000
94D Bond Crescent
$1,185,000 $1,250,000 CV
136 East Coast Road
$2,150,000 $2,480,000 CV
136C Forrest Hill Road
$1,045,000
2/4 Keldale Place
$755,000
81 Kennedy Avenue
$1,300,000
32B Lyttelton Avenue
$1,028,000
38 Lyttelton Avenue
$1,020,000
6A Pax Avenue
$1,350,000
1/29 Richards Avenue
$1,190,000
4/54 Richards Avenue
$880,000
8 Rosemary Avenue
$2,001,000
18A Selwyn Crescent
$1,800,000
76 Selwyn Crescent
Land Size Sale price 607
$1,637,500 $1,790,000 CV
Bedrooms 4 Floor size 170
34C William Souter Street
$968,000 $1,000,000 CV Land Size Sale price 101
Bedrooms 2 Floor size 88
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.
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
Meet the Team
As the Branch Manager of Barfoot & Thompson Milford, I lead a dynamic team dedicated to delivering top-notch real estate services to our clients. We help homeowners to achieve outstanding sales results, and help landlords to maximise their portfolio returns while minimising hassles.
My grandfather, Val Barfoot, founded Barfoot & Thompson 100 years ago as a new migrant from England. The company has grown to be the market leader in Auckland, but has never lost sight of key family values like integrity and respect. A focus on performance and service has seen Barfoot & Thompson achieve international recognition as the top real estate agency in Asia Pacific - the first New Zealand agency to do so.
I’m a proud North Shore local, and started my real estate career here in 2009. I’ve also had the privilege of working in our branches all across Auckland as a relieving manager, and I opened our Millwater branch in 2017 before relocating to Milford in 2019.
At Barfoot & Thompson, we believe in looking after our people and supporting our local community, but above all we believe in putting our clients first. I am committed to helping my team deliver exceptional real estate services to our clients in a positive and collaborative work environment. Feel free to reach out to me if you have any real estate needs or questions. I love meeting our clients in person and I always have time to talk.
Property Management team
Residential Sales team
Chris Cai 021 258 3328
Kerry Graham 027 270 6726
Alvin Li 021 720 520
Rebecca Newsome 021 321 838
Lucy Wang 021 0220 4095
Mark Caisley 021 919 804
Ying Han 021 228 8555
Cathy Li 021 779 783
Shirley Pei 021 1059 111
Eileen Yu 021 886 090
Faye Cui 021 269 5985
Chris Harvey 022 140 0302
Kristy Li 021 189 9366
Elmarie Steenberg 021 265 0252
Sophia Zeb 020 417 13052
Kai Deng 021 902 628
April Howard 021 688 411
Don Mackay 027 525 0100
Linda Teng 022 0296 426
Jessie Zhang 021 0283 1345
Lydia Feng 021 024 73046
Effie Hu 027 818 3666
Tim Mahon 027 298 7399
Lily Wang 021 887 918
180 Kitchener Road, Milford, Auckland 0620
Residential Sales 09 489 5049
Property Management 027 4319536
Email milford@barfoot.co.nz
barfoot.co.nz/milford
Barfoot & Thompson Milford