Welcome to our SOLD Mt Eden & Sandringham 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.
Teresa Weiss and the Mount Eden team #7 Branch Manager, to end March 2023
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
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 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 675 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 Ellerslie, Epsom, Greenlane, Hillsborough, Mangere Bridge, Mt Eden, One Tree Hill, Onehunga, Parnell, Remuera, Royal Oak, Sandringham & Three Kings. 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.
Number of Sales
1st September to 30th November 2024 compared to the same period last year.
42% of properties in Mt Eden & Sandringham sold for $1.5 million or more over the last 3 months.
Average sale Price
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 Eden, Sandringham & Epsom 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 Eden
201/11 Akepiro Street
$610,000
2 Altham Avenue
$1,790,000
3 Balmer Lane
$1,550,000
5 Balmer Lane
$1,405,000
1C Bathurst Road
$580,000
29 Bellevue Road
$2,830,000
18 Burnley Terrace
$2,126,000
9/20A Charlton Avenue
$425,000
29 Croydon Road
428 Dominion Road
$95,000
314/428 Dominion Road
$391,305
1L/94 Dominion Road
$220,000
304/27
Enfield Street
$905,000
325/27 Enfield
Street
301/30A Enfield Street
$970,000
2/20 Fairview Road
$1,240,000
6/20 Fairview Road $1,455,000
2/20 Henley Road
$690,000
19B Kain Street
$835,000
12 Kenyon Avenue
$3,760,000 $4,500,000
25 Kingsview Road
$3,218,000
59C Landscape Road
$920,000
1 Matipo Street
$2,250,000
586 Mount Eden Road
$3,350,000
3/903A Mount Eden Road
$770,000 $820,000
121 Peary Road
$2,800,000
126 Shackleton Road
$1,900,000
36B Shackleton Road
$1,528,000 $1,675,000 CV
Land Size Sale price Crosslease Bedrooms 4 Floor size 131
57A Shackleton Road
$1,400,000 $1,700,000 CV Land Size Sale price Crosslease Bedrooms 4 Floor size 212
18 Sherbourne Road
$2,630,000 $2,600,000 CV Land Size Sale price Crosslease Bedrooms 5 Floor size 242
10 Telford Avenue
$1,788,000 $2,550,000 CV Land Size Sale price 989 Bedrooms 4 Floor size 141
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.
4/35 Almorah Road
$2,050,000
1/22 Arcadia Road
$1,602,000
1A
Atherton Road
$2,630,000
1D Atherton Road
$2,600,000
3/30B Buckley Road
$1,010,000
13 Ferryhill Road
$5,530,000
14A Golf Road
$3,500,000
21A Gorrie Avenue
$1,910,000
508/223A Green Lane West
$2,320,000
407/223B
Green Lane West
$1,325,000
7A
Heywood Crescent
$1,900,000
9A Heywood Crescent
$1,400,000
14 Lewin Road
$2,110,000
401/10 Lion Place
$1,200,000
32 Marama Avenue
$3,130,000
104/2
Maungawhau Road
$425,000
7A
Pukenui Road
$2,700,000
18A Ranfurly Road
$1,239,800
25 Saint Andrews Road
Land Size Sale price 870
$4,800,000 $4,200,000 CV
Bedrooms 5 Floor size 253
45A Saint Andrews Road
$1,750,000 n/a CV Land Size Sale price 329 Bedrooms 4 Floor size 177
21B Selwyn Road
$1,451,000 $1,775,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 151
3/6 Torrance Street
$1,000,000 $1,180,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 163
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
#7 Branch Manager, to end March 2023
As a Branch Manager, I can confidently state that I’m an expert in real estate and that my experience in sales, regulations and training sets me apart from the crowd. Over the last 15 years, I have immersed myself in the outcomes, surprises, complications, successes, fluctuations and positive endings for both my clients and those that I have managed. I intimately understand industry best practice and back not just my team in Mt Eden, but also the 1,500+ salespeople that form the Barfoot & Thompson network.
My sales career began in 2002 in the Eastern bays area, where I built a reputation for action and results. Within my first year, I was recognised as a top achiever. Because of this, I was approached to coach and mentor others in the industry. Since then, I have guided some of New Zealand’s top salespeople as they have navigated various market cycles. I believe my professional strength lies in my grasp of the psychology behind selling and the strategies needed to achieve top results. This savvy also has a way of making the real estate process look effortless and has assisted hundreds of real estate salespeople kick start their careers.
My knowledge of the intricacies of the industry and my ability to negotiate, is what drives results for clients and makes me a great advisor.
For a team that knows how to find you the ideal home or the best sale price, look no further.
Residential Sales team
Residential Sales team continued
Barfoot & Thompson Mount Eden
427 Mt Eden Road, Mt Eden, Auckland 1024
Residential Sales 09 638 9158
Property Management 09 638 9172
Email mteden@barfoot.co.nz
barfoot.co.nz/mt-eden