Barfoot & Thompson | Mount Albert

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Welcome to our SOLD Mount Albert 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. Mt Albert branch 871 New North Road

Jean Smith and the Mount Albert 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.”

Market Share and Figures

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.

Overall Market Share

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 36% of all properties for sale in the area – that’s over 395 sales made by Barfoot & Thompson!

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

*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. The area shown includes Avondale, Mt Albert, New Lynn, New Windsor, Sandringham & Waterview. 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.

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

of properties in Mt Albert & Sandringham sold for $1.5 million or more over the last 3 months. 49%

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

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 Mt Albert & Sandringham 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.

Mount Albert

72 Alberton Avenue

$3,150,000

8

Baldwin Avenue

$2,460,000

7

Duart Avenue

$2,750,000

14D Ennismore Road

$1,195,000

25 Fairleigh Avenue

$2,050,000

3A Fontenoy Street

$1,459,000

4 Grant Street

$2,200,000

34B Harbutt Avenue

$1,005,000

28

Harlston Road

$1,675,000

68B Hendon Avenue

$1,080,000

34A La Veta Avenue

$1,350,000

5

Linwood Avenue

$1,955,000

68

Linwood Avenue

$2,710,000

18A Lorraine Avenue

$1,768,000

22 Parkdale Road

$2,470,000

1/35 Rawalpindi Street

$655,000

102/9 Rawalpindi Street

$587,500

10A Richardson

Road

1/140 Richardson Road

$955,250 $1,250,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 90

18 Richardson Road

$2,080,000 $1,825,000 CV Land Size Sale price 895 Bedrooms 4 Floor size 155

3/52 Sainsbury Road

$1,750,000 $1,900,000 CV Land Size Sale price 87 Bedrooms 3 Floor size 171

26 Weston Avenue

$2,375,000 $2,550,000 CV Land Size Sale price 751 Bedrooms 4 Floor size 238

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.

Sandringham

29 Aroha Avenue

$1,400,000

16 Coyle Street

$1,310,000

16 Euston Road

$1,095,000

6 Halesowen Avenue

$1,676,000

3/33 Kitchener Road

$550,000

14 Lancing Road

$1,887,000

51 Paice Avenue

$2,710,000

312 Sandringham Road

$1,700,000

Lot 5/50 Shorwell Street

$875,000

50D Shorwell Street

$850,000 n/a CV

Land Size Sale price 95 Bedrooms 2 Floor size 75

20 Taumata Road

$2,225,000 $2,900,000 CV Land Size Sale price 674 Bedrooms 5 Floor size 285

13 Ward Terrace

$2,380,000 $2,475,000 CV Land Size Sale price 508

Bedrooms 4 Floor size 143

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.

Meet the Team

Jean Smith Branch Manager 027 499 5857

Family is everything to me, that’s why choosing to work for Barfoot & Thompson was an easy choice. Family is one of their core values along with caring for their community. They are a Five-Star partner of the Starship Foundation, they also support Mercy Hospice and many local schools and clubs.

I have now been with the company for 40 years! I began my career as an administrator, 10 years as a successful salesperson and from then as a Branch Manager. In 2018, I was honoured by the company and inducted into their Hall of Fame. All of these roles have given me such a wide range of skills. Moving to New Zealand from Scotland in 1973, helped me to understand what it’s like to move to a new country and find a new home, an experience I haven’t forgotten.

I am passionate about all aspects of the real estate industry and in the late 90’s, became involved with REINZ, the national industry body. In 2003, I was appointed Auckland District President, the first women to hold that position and in 2007 I was honoured to receive a Fellowship. I then became the Auckland/ Northland Regional Director on the newly formed REINZ board.

Both the sales team and property management division at the Mt Albert branch are experienced and have a vast knowledge of the local area. As a branch, we play a very active role in the community sponsoring local schools, kindergartens and sports clubs. We are proud to be the major sponsor for the 1st XV at MAGS.

It is a privilege to work for this family company, and after 40 years I still love coming to work every day to be part of this special team.

Property Management team

Renee Wesche Head of Property Management 027 431 9539

Aleah Hallie Property Manager 027 431 9540

Kay Kang

Manager 027 346 1510

Sissi Shi

Manager 027 563 3243

Lianne Turner-Morice Property Manager 027 801 9381

Residential Sales team

Maggie Chen 022 694 1838

James Ju 021 770 018

Gagan Sharma 022 444 2259

Lisa Wu 021 032 1223

Kimberley Ea 021 033 0096

Jane Li 021 740 558

Emma Shi 022 590 5886

Joanne Yu 027 568 2772

Karen Gianotti 021 137 4152

Chase Liu 021 258 3760

Yogesh Suri 021 630 722

Jane Zeng 021 801 961

Han 021 993 773

Leo Liu 021 268 8108

Ian Wang 021 410 252

Huang 021 143 2675

Mei 021 580 666

Christine Wooding 021 940 350

John
Gavin
Zach

871 New North Road, Mt Albert, Auckland 1025

Residential Sales 09 846 9197

Property Management 09 846 9421

Email mtalbert@barfoot.co.nz

barfoot.co.nz/mt-albert

Barfoot & Thompson Mount Albert

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