Parnell
Dec.2024
barfoot.co.nz/parnell
Market Report
Welcome to our
SOLD Parnell 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.
Nick Fistonich and the Parnell team
Parnell branch 300 Parnell Road Parnell, Auckland 1052
P 09 366 0015 E parnell@barfoot.co.nz barfoot.co.nz/parnell
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 Parnell & Newmarket November 2024
SALE PRICE
MEDIAN
Average
Sale Price
$1,893,305
$1,177,500
Highest $8,295,000 Lowest $65,000 *Leasehold
TOTAL SALES Nov. 2024 Nov. 2023
CV
$1,020,000
BY PRICE BRACKETS
16 20
20%* * Total monthly sales up/down compared to the same period last year.
$0 - $1M $1 - $2M $2 - $3M $3 - $4M $4M+
7 3 4 0 2
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
37%
33%
37%
$3-4M
$4M+
28%
21%
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 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.
54
Epsom
70
24
Glendowie
31
18
Kohimarama
20
Mission Bay and Orakei
39 38
Parnell
39 40
81
Remuera
110
52
Saint Helier s
70 0
20 Same Period Last Year
40
Same period last year
80
120
100
Last 3 months
of properties in Parnell sold for $2 million or more over the last 3 months.
35% Average sale
60
Last 3 months
Price
1st September to 30th November 2024 compared to the same period last year.
$2,049,388 $1,982,440
Epsom
$2,027,095 $1,943,241
Glendowie
$2,177,100
Kohimarama
$1,656,700
$1,822,435 $1,851,565
Mission Bay and Orakei
$1,291,702
Parnell
$1,820,607
$2,292,552 $2,137,668
Remuera
$2,182,225
Saint Helier s
$1,860,584 $0
$500,000 Same Period Last Year
$1,000,000
$1,500,000
$2,000,000
$2,500,000
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 Parnell, Newmarket and Remuera 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.
Parnell
NOV 2024
2/9 Balfour Road Sale price $2,295,000 Land Size Unit Title
CV $2,025,000 Floor size 198
Bedrooms 4
35 Bridgewater Road Sale price $1,500,000 Land Size Crosslease
CV $1,675,000 Floor size 115
Bedrooms 2
2/25 Cathedral Place Sale price $836,000 Land Size Crosslease
CV $1,020,000 Floor size 70
Bedrooms 2
1A/2 Churton Street Sale price $2,900,000 Land Size n/a
CV n/a Floor size n/a
Bedrooms 2
CV $1,020,000 Floor size 105
Bedrooms 3
1 Dovedale Place Sale price $65,000 Land Size Leasehold
25 Dovedale Place Sale price $65,000 Land Size Leasehold
CV $980,000 Floor size 101
Bedrooms 3
1/4 Logan Terrace Sale price $2,910,000 Land Size Crosslease
CV $3,375,000 Floor size 213
Bedrooms 3
437K Parnell Road Sale price $2,280,000 Land Size Unit Title
CV $2,550,000 Floor size 194
Bedrooms 3
7/119 Saint Stephens Avenue Sale price $4,841,000 Land Size Unit Title
CV n/a Floor size 192
Bedrooms 3
NOV 2024
73 Saint Stephens Avenue Sale price $8,295,000 Land Size 856
CV $7,600,000 Floor size 350
Bedrooms 5
Newmarket A611/176 Broadway Sale price $520,000 Land Size Unit Title
CV $740,000 Floor size 63
Bedrooms 2
C402/176 Broadway Sale price $568,000 Land Size Unit Title
CV $630,000 Floor size 63
Bedrooms 2
D304/176 Broadway Sale price $284,888 Land Size Unit Title
CV $430,000 Floor size 38
Bedrooms 1
G07/81 Carlton Gore Road Sale price $1,040,000 Land Size Unit Title
CV n/a Floor size n/a
Bedrooms 1
308/371 Khyber Pass Road Sale price $578,000 Land Size Unit Title
CV $760,000 Floor size 52
Bedrooms 1
7/5 Sarawia Street Sale price $1,315,000 Land Size Unit Title
CV $1,200,000 Floor size 148
Bedrooms 3
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.
NOV 2024
These days, selling a property is all about views. Buyers now spend more time than ever online, so it’s smart to market your property there too. Fortunately, our salespeople are well-versed when it comes to all things digital. Want a 3D walkthrough to fully showcase your home’s features? We can do that. Or to advertise your place with a video on Facebook or YouTube? Not a problem. And we have a wide network of property websites to list your property on, ensuring your place is seen by as many potential buyers as possible. To find out how else we can help, check out our website.
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Remuera 22B Aldred Road Sale price $4,900,000 Land Size 1288
CV $6,000,000 Floor size 291
Bedrooms 4
CV $3,150,000 Floor size 224
Bedrooms 4
59 Bell Road Sale price $3,350,000 Land Size 612
11 Chatfield Place Sale price $3,375,000 Land Size 607
CV $3,475,000 Floor size 295
Bedrooms 5
CV $2,725,000 Floor size 237
Bedrooms 4
CV $2,175,000 Floor size 185
Bedrooms 3
9 Corinth Street Sale price $2,200,000 Land Size 640
3B Dell Avenue Sale price $2,630,000 Land Size Crosslease
3 Dromorne Road Sale price $3,320,000 Land Size 552
CV $3,050,000 Floor size 305
Bedrooms 4
12 Furneaux Way Sale price $1,200,000 Land Size Unit Title
CV $2,275,000 Floor size 186
Bedrooms 3
1/109 Grand Drive Sale price $1,020,000 Land Size Crosslease
CV $1,240,000 Floor size 91
Bedrooms 2
CV $2,075,000 Floor size 131
Bedrooms 3
76 Grand Drive Sale price $2,105,000 Land Size 746
NOV 2024
86D Grand Drive Sale price $1,750,000 Land Size 156
CV $1,700,000 Floor size 157
Bedrooms 4
25A Grand View Road Sale price $3,150,000 Land Size 500
CV $3,350,000 Floor size 315
Bedrooms 4
CV $3,550,000 Floor size 346
Bedrooms 4
CV $2,125,000 Floor size 252
Bedrooms 4
CV $2,000,000 Floor size 230
Bedrooms 4
9 Keith Avenue Sale price $3,348,000 Land Size 729
62 Kelvin Road Sale price $2,315,000 Land Size Crosslease
19 Koraha Street Sale price $2,005,000 Land Size Crosslease
22 Koraha Street Sale price $2,540,000 Land Size 390
CV $2,825,000 Floor size 222
Bedrooms 4
3A/10 Laxon Terrace Sale price $1,243,000 Land Size Unit Title
CV $1,550,000 Floor size 95
Bedrooms 4
34 Leys Crescent Sale price $1,810,000 Land Size 400
CV $1,775,000 Floor size 175
Bedrooms 4
28A Lillington Road Sale price $2,513,000 Land Size 370
CV $2,700,000 Floor size 277
Bedrooms 5
53 Lingarth Street Sale price $4,001,000 Land Size 908
CV $4,425,000 Floor size 262
Bedrooms 4
34 Maungarei Road Sale price $3,100,000 Land Size 736
CV $3,250,000 Floor size 243
Bedrooms 4
123A Ngapuhi Road Sale price $735,000 Land Size Crosslease
CV $870,000 Floor size 51
Bedrooms 2
Lot 2/61 Ngapuhi Road Sale price $790,000 Land Size 400
CV n/a Floor size n/a
Bedrooms n/a
CV $2,925,000 Floor size 387
Bedrooms 4
97 Orakei Road Sale price $3,125,000 Land Size 652
2/28A Platina Street Sale price $1,300,888 Land Size Crosslease
CV $1,700,000 Floor size 158
Bedrooms 3
3/137 Portland Road Sale price $712,500 Land Size Unit Title
CV $890,000 Floor size 77
Bedrooms 2
6/175 Portland Road Sale price $1,260,000 Land Size Crosslease
CV $1,380,000 Floor size 132
Bedrooms 3
CV $4,800,000 Floor size n/a
Bedrooms 5
6 Portland Road Sale price $4,850,000 Land Size 827
NOV 2024
69 Portland Road Sale price $3,425,700 Land Size 766
CV $3,750,000 Floor size 254
Bedrooms 5
19A Rangitoto Avenue Sale price $1,580,000 Land Size Crosslease
CV $1,575,000 Floor size 81
Bedrooms 2
9/117 Remuera Road Sale price $937,500 Land Size Unit Title
CV $1,080,000 Floor size 73
Bedrooms 2
257C Remuera Road Sale price $1,875,000 Land Size Unit Title
CV $970,000 Floor size 85
Bedrooms 3
453 Remuera Road Sale price $2,700,000 Land Size Crosslease
CV $3,150,000 Floor size 273
Bedrooms 6
2/636 Remuera Road Sale price $1,200,000 Land Size 345
CV $2,000,000 Floor size 235
Bedrooms 4
4/735 Remuera Road Sale price $985,000 Land Size Crosslease
CV $1,100,000 Floor size 160
Bedrooms 3
16 Richard Farrell Avenue Sale price $2,560,000 Land Size 2530
CV $4,950,000 Floor size 264
Bedrooms 5
18 Richard Farrell Avenue Sale price $1,875,000 Land Size 695
CV $2,150,000 Floor size 195
Bedrooms 4
NOV 2024
26 Rosepark Crescent Sale price $2,025,000 Land Size 518
CV $2,300,000 Floor size 258
Bedrooms 5
4 Rotomahana Terrace Sale price $2,335,000 Land Size 688
CV $2,250,000 Floor size 162
Bedrooms 3
CV $2,225,000 Floor size 172
Bedrooms 3
2A Scherff Road Sale price $2,020,000 Land Size 698
184 Upland Road Sale price $3,887,000 Land Size Unit Title
CV $3,900,000 Floor size 237
Bedrooms 3
242A Victoria Avenue Sale price $2,350,000 Land Size 222
CV $3,550,000 Floor size 179
Bedrooms 4
2/266 Victoria Avenue Sale price $2,600,000 Land Size Crosslease
CV $2,775,000 Floor size 234
Bedrooms 3
15A Waiatarua Road Sale price $1,170,000 Land Size Crosslease
CV $1,800,000 Floor size 157
Bedrooms 3
30 Westbourne Road Sale price $4,500,000 Land Size 791
CV $5,400,000 Floor size 422
Bedrooms 4
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.
List with a good listener. At Barfoot & Thompson, we understand that every buyer’s needs are unique, and so we take the time to personalise our service accordingly. Once our salespeople have sat down with you to determine the right type of buyers for your property, we’ll produce a customised marketing plan that works with your budget and timeframe. We want you to
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be 100% confident and happy with the process, so we’ll never force you into a rushed decision. We believe getting you a result is only half the job – you also need to be completely satisfied with how we get there. No wonder we make one in three of Auckland’s property sales every day. Check out our website to find out more.
Meet the Team I first stepped into the property industry in 2008, and since then my career has gone from strength to strength. I’ve represented a number of New Zealand’s leading real estate brands, won multiple awards along the way, and gained a reputation as a top performer with a wealth of experience across property sales, business ownership and management. I am known for my tireless work ethic, high energy, expert knowledge and ability to lead strategic business growth.
Nick Fistonich Branch Manager 021 146 2720
I also have a strong desire to succeed, which plays perfectly into my role as branch manager at Parnell - inspiring my team to aim high, achieve great things, grow and develop, and find reward and satisfaction in their work, every day. Of course, Barfoot & Thompson provides the perfect platform upon which we can all do this, thanks to the company’s vast network, market-leading position and outstanding access to resources and support. We’re very fortunate to be working in the Parnell area, as this offers a unique backdrop for our operations. We consistently enjoy dominant market share in the suburb – likely due to the fact that we’re passionate about the area, have great local knowledge, and are experienced in selling the wide variety of properties on offer. Looking ahead, my focus for the branch revolves around elevating our service offering and growing our sales and property management capability. I also intend to expand the team, building on our already impressive track record for great customer service, and stellar sales results. Whether you’re considering buying or selling a property, or contemplating a career change, I would be delighted to assist. Feel free to call me at Barfoot & Thompson Parnell, and let’s explore the possibilities.
Property Management team
Wenzi Liu Head of Property Management 027 581 4692
Kees Mors Property Manager 0274 561 354
Ken Ngan Property Manager 027 431 9666
Charis Salamat Property Management Administrator
Residential Sales team
Louise Allan 021 251 9129
Greg Collins 021 893 335
Alexandra Corbin 021 643 673
Linda Galbraith 021 966 028
Sally Giles 021 764 356
Ian Griffiths 021 960 231
Amy Ho 027 666 9993
Jonas Ho 027 666 9360
Sue Holland 021 227 0087
John Howard 021 751 751
Manuela Isaac 021 887 886
Edwin Madhvan 027 778 6347
Bobby McMillan 021 396 767
Caterina Poletti 021 300 612
Silvia Poletti 021 311 311
Abhi Sreekumar 022 644 6545
Wendy Whittaker 027 285 1177
Victoria Yao 027 551 2797
Cindy Yu 021 829 188
Terry Zheng 022 429 2388
Parnell
AKTSM23
Barfoot & Thompson Parnell 300 Parnell Road, Parnell, Auckland 1052 Residential Sales 09 366 0015 Property Management 09 366 0071 Email parnell@barfoot.co.nz
barfoot.co.nz/parnell