Barfoot & Thompson | Parnell by barfootsuburbsales

Welcome to our SOLD Parnell Market Report magazine for March/April 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.

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

Auckland housing market records traditional quiet start to year

The Auckland housing market experienced a quiet month’s trading in February, mirroring January’s prices and sales numbers.

“February’s trading was typical of what we have experienced over the past three years at the start of the year,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“Prices remained there or thereabouts with where they were in January, as was the number of sales made.

“February’s sales are heavily dependent on the activity which took place during January’s holiday period, and it will not be until March that any uplift attributable to recent declines in mortgage interest rates are likely to influence sales activity.

“February’s sales at 685 for the month were the highest we have recorded in February for the past three years but were

still marginally down on those for January.

“Prices were in line with those paid in January, with the median price edging down by $20,000 to $930,000 while the average price edged up by $54,000 to $1,107,006.

“New listings for the month at 2,073 were solid, and a combination of new builds and occupied dwellings. At month end we had 5,997 properties on our books, the highest number for 14 years. A major contributor to the level of new listings is the continued number of new builds currently being made available for sale.

“During February a quarter of our sales were for properties in the under $750,000 price category, the second consecutive month sales in this price category have represented a quarter of all sales. It reflects the growing number of town houses and apartments making up the total housing stock.

“Properties selling for more than $2 million made up 5.4 percent of total sales.

“Sales activity in the rural and lifestyle markets to the north, south and west of Auckland were consistent with those at the same time last year, with sales reaching $44 million.”

Peter Thompson Managing Director

Parnell & Newmarket

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 March 2024 to 28th February 2025, we sold 33% of all properties for sale in the area – that’s over 650 sales made by Barfoot & Thompson!

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

shown on this page include information from multiple sources and published reports of sales made by most

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.

Figures shown on this page include information from multiple sources and published reports of

agencies and may include private sales. Where sales information was not publicly available, an individual sale may have been

and tallies. Totals are cumulative, baselined on the 13th of each month for the available results made in the

of the information. Barfoot and Thompson Limited (REA2008) accepts

MAXIMUM EXPOSURE MAXIMUM IMPACT

TOP TIPS

It’s our job to craft the best possible marketing campaign

At Barfoot & Thompson we have the network, the local know-how and global reach to ensure your home gets the attention it deserves.

This article looks at some of the tools we use to achieve quality exposure, as well as the power of our team to attract buyers right to your door.

Remember we have more information and a range of videos on our website to help you make the very best choices.

barfoot.co.nz

barfoot.co.nz/sell/marketing

Designing a marketing plan

From getting your home onto the right websites, creating dynamic digital content, to signage and print - we have a range of marketing options for you to choose from.

Our salespeople will make recommendations that best suit you, the local area and the unique features of your home.

Right from the start, we will be hard at work creating the very best content to showcase your home. From photography, video and floorplans through to print media and our exclusive interactive on-line tools - we have the latest technology and platforms ready to maximise the benefits of the campaign we have designed for you.

Our network gets the most buyers through your home. When you choose to list with Barfoot & Thompson we provide maximum exposure from the start. We have over 1,700 salespeople, all with their own network of contacts in their local communities and beyond.

Every one of our salespeople has access to your property listing and can search for a suitable ‘buyer match’ for your home.

Marketing materials

When marketing your home, first impressions really are everything! Here are some of the main materials we will prepare to showcase your home to the market.

Photography - They say a picture is worth a thousand words. Our listings feature only the best in professional, high resolution photography. The photographers we work with use quality equipment and production techniques to present your home on our platforms in the very best light.

Video - A professional videos brings your property to life and helps it reach even more prospective buyers. Studies indicate that including video in a marketing campaign increases the number of enquiries about that particular property by 400%. Our video packages are affordable and could make a difference to the impact of your campaign.

Floor Plans - Properties with floor plans receive up to 30% more interest than those without.

*Source: Rightmove, one of the UK’s largest property websites.

LATEST NEWS!

Buyers are better at imagining a property as their home, when they are able to engage with it more. This is why Barfoot & Thompson has introduced a fantastic new suite of interactive tools - all designed to sell your home faster, and for the best possible price. Read more about these exciting new tools here: barfoot.co.nz/sell/marketing/diakrit

Online - global reach Publications & print

Digital marketing is no longer new; it’s a musthave component of every seller’s marketing plan, offering amazing reach.

Our technology takes your property to the buyer, wherever they are, whatever device they’re using, and in whatever format they prefer.

Upgrading your online presence is the most effective way to get your property to the right people at the right time. Featuring your property on key websites increases views, enquiries and activity at open homes, so it is well worth the investment.

We know that most people are searching for their new home online these days. So we offer a range of online advertising options designed to get your property the most views, enquiries and open home activity.

Buyers will also find your property on our app, which offers a full interactive experience, so they can easily find your home when they are out in the neigbourhood.

Barfoot.co.nz – 310,000 unique users each month

Realestate.co.nz – 650,000 unique users each month

Leadingre.com – over 650,000 unique users each month globally

Luxuryportfolio.com – homes over NZD$1.36m

Nzrealtors.co.nz – listings from New Zealand’s leading real estate agencies Nationwide

Hougarden.com – putting your home in front of the Chinese market

Trademe.co.nz – putting your home in front of Kiwi buyers

We publish hundreds of pages of property advertising every week - because it works. Publications such as the Property Press, local as well as national newspapers all get picked up often by buyers to browse over their morning coffee.

To complement our campaign, your Barfoot agent will source the best quality brochures and signage for your home and each open home will be well promoted in the local area with directional signs, flags and flyer drops.

Industry leaders

We’re thrilled to announce that Barfoot & Thompson was named Large Agency of the Year and The Community Service Award at the 2024 REINZ Awards for Excellence.

We are also honoured to have been named the Reader’s Digest Quality Service Winner for 2025 in the Real Estate Agencies category. At Barfoot & Thompson we’re known for delivering exceptional service, and caring for our clients at every stage of life. Thank you New Zealand, for your vote of confidence.

In addition to this, we have received major awards from LeadingRE - Global Winner of the Best Mobile Website and Luxury Portfolio Best Newcomer. In 2022, we were presented with the prestigious Global Vanguard Award at the LeadingRE Global.

And being awarded the Best International Real Estate Agency at International Property Awards 2021, after taking home the 5 Star Awards for Best Real Estate Agency Website - Asia Pacific, Best Real Estate Agency Over 20 Offices - Asia Pacific, Best Real Estate Agency Single Office (Pukekohe) - Asia Pacific.

Not least, Barfoot & Thompson, New Zealand’s largest privately owned real estate company, received the Family Business Award for its extraordinary longevity and community service at EY’s Entrepreneur Of The Year 2019 ceremony.

Find out more about Barfoot & Thompson’s accolades barfoot.co.nz/about-us/our-awards

Recent Sales

The following pages show a summary of sales in Parnell, Newmarket and Remuera made by all selling agencies during February 2025.

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.

3/25 Cathedral Place

$930,000

1C/2 Churton Street

$2,825,000

5/5 Claybrook Road

$720,000

10/11 Freemont Street

$492,000

9/439 Parnell Road

$1,950,000

2B/138 Saint Stephens Avenue

$3,100,000

2/51 Saint Stephens Avenue

$2,350,000

2/69 Saint Stephens Avenue

$2,750,000

404/88 The Strand

$99,000

G04/11 York Street

$1,350,000 n/a CV Land Size Sale price n/a Bedrooms 1 Floor size 98

Newmarket

81 Carlton Gore Road

$3,900,000 n/a CV Land Size Sale price n/a Bedrooms 2 Floor size n/a

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.

131B Abbotts Way

$2,190,000 $2,525,000 CV

14 Ara Street

$3,450,000

3/32 Armadale Road

$1,350,000 $1,900,000 CV

1/37 Armadale Road

$1,680,000

19A Benson Road

$2,317,000 $2,425,000 CV

41 Benson Road

$2,490,000

1A Combes Road

$735,099

1/10 Cotter Avenue

$1,670,000

6D Debron Avenue

$2,150,000

4A Dilworth Avenue

$3,420,000 $4,150,000

7 Dromorne Road

$8,300,000 $6,600,000 CV

1/88 Koraha Street

$1,038,000 $920,000 CV

11 Lucerne Road

$3,336,000 $3,500,000 CV

122 Lucerne Road

$5,350,000 $5,600,000

2/78 Orakei Road

$1,360,000

50B

Portland Road

$1,535,000

3/452 Remuera Road

$3,750,000

20 Richard Farrell Avenue

$2,028,000

15A Rotomahana Terrace

$1,840,000 $1,925,000 CV

Land Size Sale price Crosslease Bedrooms 4 Floor size 209

36A Spencer Street

$1,280,000 $1,950,000 CV Land Size Sale price Crosslease Bedrooms 4 Floor size 202

111A Upland Road

$2,400,000 $2,600,000 CV Land Size Sale price 184 Bedrooms 3 Floor size 152

2/37 Victoria Avenue

$1,595,000 $1,600,000 CV

Land Size Sale price Crosslease Bedrooms 2 Floor size 144

202/4 Victoria Avenue

$1,775,000 $2,150,000 CV Land Size Sale price Unit Title Bedrooms 1 Floor size 109

Meet the Team

Nick Fistonich

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.

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

581 4692

Kees Mors

Ken Ngan

027 431 9666

Charis Salamat

Residential Sales team

Louise Allan 021 251 9129

Amy Ho 027 666 9993

Edwin Madhvan 027 778 6347

022 644 6545

Greg Collins 021 893 335

Jonas Ho 027 666 9360

McMillan 021 396 767

027 285 1177

Alexandra Corbin 021 643 673

Sue Holland 021 227 0087

Pereira 028 459 6673

027 551 2797

Giles 021 764 356

021 751 751

Poletti 021 300 612

021 829 188

021 960 231

887 886

021 311 311

429 2388

Ian Griffiths

Silvia Poletti

Abhi Sreekumar

Caterina

Cindy Yu

Victoria Yao

Terry Zheng 022

Sally

Bobby

Wendy Whittaker

John Howard

Manuela Isaac 021

Richard

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