February 2025
Sales Volume and Value: A Steady Start
Peter Thompson
Auckland Housing Market Insights February 2025
稳中求进，春季或迎蓬勃生机：二月数据解读与未来展望
In February 2025, **Barfoot & Thompson recorded 685 property sales** in Auckland, generating a **total sales value of $758,299,380**. Notably, this sales figure represents the **highest February sales volume in the past three years**, even though it was marginally lower than January’s sales. When comparing year-on-year, February 2025 saw an increase in activity with **685 sales compared to 633 in February 2024**.
Looking at a broader timeframe, the **12 months leading up to February 2025 saw 10,328 properties sold with a total value of $11,928,718,455**, marking an increase from the **8,898 properties sold for $9,838,825,990 in the 12 months to February 2024**.
**Peter Thompson, Managing Director of Barfoot & Thompson**, noted, “**February’s trading was typical of what we have experienced over the past three years at the start of the year**”.
Price Trends: Stability with Slight Shifts
February 2025 witnessed price levels consistent with January, suggesting a period of stability. The **median price edged down slightly by $20,000 to $930,000**, while the **average price saw an increase of $54,000, reaching $1,107,006**.
Mr. Thompson elaborated on this, stating that “**Prices remained there or thereabouts with where they were in January, as was the number of sales made**”. He further pointed out that “**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**”.
- **Average Price (February 2025): $1,107,006**
- Compared to January 2025: +5.1%
- Compared to the previous 3-month average: -1.5%
- Compared to the average for February 2024: -0.8%
- **Median Price (February 2025): $930,000**
- Compared to January 2025: -2.1%
- Compared to the previous 3-month average: -5.8%
- Compared to the median for February 2024: -4.1%
New Listings and Month-End Stock: Ample Choices for Buyers
A significant aspect of the February 2025 market was the robust number of **new listings, which reached 2,073**. This figure is notably higher than the **1,361 new listings in the previous month** and the **1,308 average for the previous three months**.
This influx of new properties contributed to a substantial **month-end stock of 5,997 properties** on Barfoot & Thompson’s books. Mr. Thompson highlighted the significance of this, stating, “**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”.
Market Segmentation: Under $750,000 and Over $2 Million
The February data also sheds light on the performance of different price segments. Notably, **properties in the under $750,000 price category accounted for a quarter of all sales** for the second consecutive month. This trend “**reflects the growing number of town houses and apartments making up the total housing stock**”.
At the higher end of the market, **properties selling for more than $2 million constituted 5.4 percent of total sales**.
Regional Performance: Varied Activity Across Auckland
The **February 2025 Residential Sales Report** provides a detailed breakdown of sales volumes across different focus areas in Auckland:
- Central Auckland: 16
- Central Auckland East: 40
- Central Auckland West: 10
- Eastern Suburbs: 57
- Franklin/Manukau Rural: 48
- North Shore: 110
- Northland: 35
- Pakuranga/Howick: 74
- Rodney: 44
- South Auckland: 131
- West Auckland: 133
Similarly, the average sale prices varied across these areas:
- Central Auckland: $447,875
- Central Auckland East: $1,300,858
- Central Auckland West: $1,195,500
- Eastern Suburbs: $1,301,070
- Franklin/Manukau Rural: $901,774
- North Shore: $1,257,690
- Northland: $893,240
- Pakuranga/Howick: $1,319,255
- Rodney: $1,313,233
- South Auckland: $821,443
- West Auckland: $910,355
Property Type Preferences: Bedrooms and Prices
Looking at sales volume by the number of bedrooms, **3-bedroom properties were the most popular, with 263 sales**, followed by 4-bedroom properties with 166 sales. The average sales prices based on the number of bedrooms also provide valuable insights into buyer preferences and market values across different property types.
Rural and Lifestyle Market: Consistent Activity
The rural and lifestyle markets north, south, and west of Auckland experienced **sales activity consistent with the same time last year, reaching $44 million** in February.
Looking Ahead: Anticipating a Spring in Activity
Echoing the sentiment in the Barfoot & Thompson YouTube updates, Peter Thompson’s analysis suggests that the quiet February may be the calm before a more active period. The combination of a high number of properties for sale and the recent mortgage interest rate cuts is expected to stimulate the market in the coming month.
As stated in the YouTube updates, “**our number of properties for sale currently is the highest it’s been for 14 years and offers buyers extensive options with a medium price at $930,000 in February and the average price at $1,170 a strong upsurge in activity is likely in March**”.
In conclusion, the Auckland housing market in February 2025 presented a picture of stability following the holiday period. While prices saw minor fluctuations, the increased sales volume compared to previous Februarys and the significant rise in new listings point towards a market with ample opportunities for buyers. As anticipated by Peter Thompson, the influence of lower mortgage interest rates in March could well signal the start of a more dynamic autumn season for the Auckland property market. Stay tuned for our March update for further insights!
If you are considering buying or selling property in Auckland, contact Darren Ryder at Barfoot & Thompson for professional advice and support.
Barfoot & Thomspon February 2025 Auckland Housing Market Update
| Time period | Number of sales* | Total value of sales |
|---|---|---|
| February 2025 | 685 properties | $758,299,380 |
| February 2024 | 633 properties | $706,522,897 |
| 12 months to February 2025 | 10,328 properties | $11,928,718,455 |
| 12 months to February 2024 | 8,898 properties | $9,838,825,990 |
*Includes Barfoot & Thompson Auckland residential sales that have gone unconditional. Excludes Northland and commercial sales.
| February 2025 | Previous Month | Previous 3 Month Average | February 2024 |
|---|---|---|---|
| Average Price $1,107,006 | $1,053,446 +5.1% | $1,124,234 -1.5% | $1,116,150 -0.8% |
| Median Price $930,000 | $950,000 -2.1% | $987,000 -5.8% | $970,000 -4.1% |
| Sales 685 | 700 -2.1% | 845 -18.9% | 633 +8.2% |
| New Listings 2,073 | 1,361 +52.3% | 1,308 +58.5% | 2,255 -8.1% |
| Month-End Stock 5,997 | 5,383 +11.4% | 5,396 +11.1% | 5,382 +11.4% |
Released on behalf of Barfoot & Thompson by Network Communication (Sandy Trigg)
For further information, contact Peter Thompson, Director, Barfoot & Thompson.
FAQ
What were the key characteristics of the Auckland housing market in February 2025 according to Barfoot & Thompson?
February 2025 saw a traditionally quiet start to the year in the Auckland housing market, mirroring the activity seen in January. Sales volumes were at 685, the highest February figure in the past three years but slightly down from January. Prices remained relatively stable compared to January, with the median price edging down to $930,000 and the average price increasing to $1,107,006. New listings were solid at 2,073, contributing to a 14-year high in month-end stock with 5,997 properties available.
How did February 2025 sales compare to previous periods?
February 2025 sales (685) were higher than February 2024 (633) but marginally lower than January 2025 (700). Over the 12 months leading to February 2025, there were 10,328 sales compared to 8,898 in the preceding 12 months. While February 2025 had the highest February sales in three years, it still showed a slight decrease from the previous month, indicating a typical quiet start to the year.
What were the price trends in the Auckland housing market in February 2025?
The median price in February 2025 was $930,000, a slight decrease from January’s $950,000 and a decrease from February 2024’s $970,000. The average price in February 2025 was $1,107,006, an increase from January’s $1,053,446 but a slight decrease from the three-month average of $1,124,234. Overall, prices remained largely consistent with January’s levels.
How did new listings and total stock levels change in February 2025?
New listings in February 2025 were strong at 2,073, significantly higher than January’s 1,361 and the three-month average of 1,308, but slightly lower than February 2024’s 2,255. This influx of new properties led to a month-end stock of 5,997 properties, the highest level seen in 14 years. A significant portion of these new listings were attributed to new builds.
Which price categories and property types saw notable activity in February 2025?
Properties in the under $750,000 price category accounted for a quarter of all sales for the second consecutive month, reflecting the increasing availability of townhouses and apartments. Sales of properties priced over $2 million made up 5.4% of the total sales.
Were there significant regional variations in sales activity and prices across Auckland in February 2025?
Yes, there were regional variations. For example, Central Auckland saw lower sales volumes in February 2025 compared to February 2024, while Eastern Suburbs and West Auckland saw increases. Average sale prices also varied significantly across different focus areas, with Central Auckland having a much lower average price compared to areas like Central Auckland East, Eastern Suburbs, and North Shore.
How did sales volume and average prices differ based on the number of bedrooms in February 2025?
The majority of sales in February 2025 were for properties with 3 bedrooms (263 sales), followed by 4 bedrooms (166 sales). The total average sales price generally increased with the number of bedrooms, ranging from $482,830 for 1-bedroom properties to $1,612,487 for properties with 5 or more bedrooms.
What is the outlook for the Auckland housing market in March 2025 according to the report?
The report suggests a likely “strong upsurge in activity” in March. This anticipated increase is attributed to the recent declines in mortgage interest rates, which are expected to begin influencing sales activity. The high level of properties available for sale is also noted as offering extensive options for buyers.
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