Barfoot & Thompson | Millwater

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Welcome to our SOLD Millwater 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.

Latest News Auckland housing market recovery arrives

The Auckland housing market has responded aggressively to improved buying conditions with turnover hitting the highest number of sales in a month for more than three years, and with prices at their highest this calendar year.

“The long-anticipated housing market recovery finally arrived in March,” said Peter Thompson, Managing Director of Barfoot and Thompson.

“We sold 1,213 properties in March, and you need to go back to July 2021, when the market was just off its peak, to find a month when we sold more homes.

“There was also a marked increase in sales prices during the month, with the median price increasing by 4.3 percent to $970,000 and the average price by 3.4 percent to $1,145,045.

“The momentum in the market has been slowly building since the start of the year, and with marginally better economic

news in March confidence in the housing market lifted.

“Although both the median and average prices paid in March were at their highest this year, buyers continued to be cautious, and the prices being paid remain below where they were at this time last year.

“Higher sales number at modestly higher prices is a positive sign that improved market activity is likely to be sustained over the next few months.

“Buyer choice remains at an alltime high despite the high sales in March, and we listed 2,103 new properties in the month through a combination of new builds reaching the market and existing properties.

“At month end we had 6,268 properties on our books, by far the largest number of listings for 15 years.

“Sales activity was strong in all price segments during March, with a notable increase in sales at the top end of the market.

“We sold 28 homes for more than $3 million, the highest number in a month for three years and another 61 between $2 to $3 million.

“Sales activity in the rural and lifestyle markets in Northland and the Auckland region also increased significantly in March, with sales of close to $65 million across 39 properties.

“While turnover in the rural and lifestyle markets was up 48 percent on that for February, it was in line with turnover at the same time last year.”

March 2025

Millwater area*

* Total monthly sales up/down compared to the same period last year.

Share and Figures

Millwater & Silverdale

Red Beach

Wainui & Waitoki Figures shown on this page include information from multiple sources and published reports of sales made by most Real

Overall Market Share

Over the last 12 months, Barfoot & Thompson sold more property in our area than any competitor.

For the period from 1st April 2024 to 31st March 2025, we sold 42% of all properties for sale in the area* including Millwater/Silverdale, Red Beach, Wainui (inc. Milldale) & Waitoki.

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.

Red Beach Silverdale & Millwater Torbay & Waiake Wainui & Waitoki Orewa

*inc Milldale *inc Millwater/Orewa
Red Beach Silverdale + Millwater Torbay + Waiake
Wainui + Waitoki Orewa

AUTUMN IS AN AWESOME TIME TO SELL

Summer is often seen as the most ideal time of the year to list your home but it can be smart to wait until autumn to hammer that ‘for sale’ sign into your lawn.

After all, the kids are back in school, the weather is still temperate and people are traveling less creating a more captive audience.

Rest and relaxation

Summer months are meant for relaxing, and spending time with family. Keeping the house clean with the kids home all day coupled with having to work around open houses can really be overwhelming. Wait until the dust has settled and people are closing up baches and coming home from the beaches.

The charm of autumn

There is something so lovely about the changing leaves and a crisp cool morning with a cuppa in your hand. Have a cookbook open on your countertop to a recipe for a hearty stew next to a bowl full of red apples and home buyers will be able to picture themselves getting cosy during a night in. Plus, the autumn palette on your trees can make your garden more appealing.

Heating and cooling during a cooler market

In summer, heatwaves make sweltering indoor temperature a glaring issue. Attendees at open homes often find themselves sweaty and uncomfortable while viewing properties, especially during mid-day viewings. Prospective buyers then become aware of how hot a home could be and it might therefore appear less appealing. Autumn temperatures make for a more pleasant period of time with weather extremes less of an issue. Plus, things like heat pumps and fireplaces (more common than air con) become big selling points.

Less competition

There are fewer homes on the market during the autumn months so your property will potentially receive more attention and have less competition for buyers.

Less competition for your power team

Having the right photographers, salesperson, home stagers and cleaners can be game changers when putting your house on the market. During the summer, these coveted services can be more expensive and the “best of best” can be fully booked. Waiting until the fall means there is less demand for services so you can score an appointment and you may be able to negotiate lower rates.

Buyers tend to be more serious

Autumn home buyers tend to be more focused on what they want.They have had the summer to hone down their property wish list and will be more likely to move quickly to purchase. Another motivation is that few want to brave winter’s cold temperatures when packing and settling in.

Want to know more about how to add value to your property?

For more advice, contact one of our salespeople or check out all our selling tips on how to add value to your home.

Recent

Sales

The following pages show a summary of sales in Millwater, Silverdale, Red Beach, Totara Views, Wainui & Waitoki made by all selling agencies during March 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. Scan me to view our recent sales

Millwater, Milldale & Silverdale

72B Argent Lane

87 Argent Lane

10/36 Bankside Road

$1,130,000

37 Cilliers Drive

7 Croix Greens

8

Davey Crescent

145 Dendro Ring Road

$750,000

149 Dendro Ring Road

150 Dendro Ring Road

158 Dendro Ring Road

164 Dendro Ring Road

12 Greyfort Road

Road

48 Houpuni Road

7 John Fair Drive

3 Kauka Road

16 Kauka Road

11 Kelly Greens

$1,460,000

13 Kendall Road

$1,160,000

18

Kotiti Drive

$1,259,000

18 Kuinga Street

$1,254,500

2 MacGregor Lane

$1,450,000

67 Manuel Road

$1,655,000

95 Maryvale Road

$1,331,000

42 Milldale Drive

$1,210,000

15 Moores Road

$1,255,000

10 Oro Lane

46 Pampas Drive

Parkland Loop

33 Parkland Loop

32 Pekanga Road

Pohewa Road

Tipu Crescent

Tipu Crescent

27 Tipu Crescent

$1,335,000

34 Tipu Crescent

$1,331,000

35 Tipu Crescent

$1,445,000

37 Tipu Crescent

$1,240,000

44 Tipu Crescent $1,300,000

13 Vera Court

$1,399,000

32 Walter Crescent

$1,380,000

5 Whaley Greens

$1,365,000

$1,375,000

Red Beach & Totara Views

11 Albatross Road

$850,000

22 Albatross Road

$800,000

43 Amorino Drive

$1,175,000

1 Anchorite Way

$1,250,000

10 Anchorite Way

77 Bay Street

82 Bay Street

$1,457,000

5 Cambie Avenue

11 Chelverton Terrace

$2,130,000

19 Chenery Road

$870,000

24 Chenery Road

$756,522

2/4 Eagle Place

$845,000

8A Eagle Place

$935,000

1/42 Esther Place

$900,000

32A Gilshennan Valley

$840,000

186A Hibiscus Coast Highway

$1,250,000

7 John Dee Crescent

$1,070,000

7 Laurie Street

$1,245,000

77 Red Beach Road

$1,000,000

78

Rosario Crescent

$1,400,000

88

Rosario Crescent

$1,250,000

121 Rosario Crescent

$975,000

25 Saltwood Street

$1,250,000

15 Springtide Place

$1,232,000

20 Spyglass Street

$1,580,000

49 Symes Drive

$588,000

72 Symes Drive

$1,360,000

3

Taikura Avenue

$1,300,000

2/23 Thorburn Avenue

$800,000

38 Vista Motu

$1,250,000

44B Walton Street

$1,237,000

60A Walton Street

$2,000,000

$840,000

$1,275,000

Selling Agency Harcourts

$1,175,000

$1,510,000

124 Whangaparaoa Road

$1,101,000

3A William Bayes Place

$2,300,000

$1,400,000

81A William Bayes Place

$870,000

Wainui & Waitoki

Sales

309 Kahikatea Flat Road

$1,560,000

Meet the Team

I have worked and resided in the East Coast Bays and Red Beach for my entire real estate career. I was initially selling residential and rural property throughout the North Shore and lower Rodney District until I was appointed manager of Barfoot & Thompson’s Torbay branch in 2008. Now I am thrilled to head the Millwater branch in this amazing growth area.

My father was an old school master builder from whom I learned building techniques and the entire building process from a very early age. I also spent many years in horticulture with lots of farming friends both in the Bay of Plenty and Kumeu. Prior to joining Barfoot & Thompson, I held senior management roles mostly with Fletcher Building, manufacturing building products in the composite wood panels, aluminium and steel

products divisions, and I also did a stint in the food-processing industry in Hawkes Bay. Experience and knowledge gained from my upbringing, rural business and professional roles, is a valuable resource I draw on when training and advising my sales and property management teams and their clients, as well as managing the real estate business.

Our sales and property management teams are high-performing, well-trained and hard-working professionals with vast skills and experience. The team is a cultural mixture that hails from New Zealand, Asia, Europe, Central and South America and also South Africa. Most live locally and they are experts in the local market. Our well-established, well-qualified and growing team, lead by property manager Tony Gibbs, is very highly regarded by their landlords and tenants. Based centrally in the Millwater hub, the branch is ideally situated to manage the sale and purchase, rental and management of residential, rural and lifestyle property throughout the Hibiscus Coast and Rodney District.

As a branch, we are committed to our local community. As well as the many charities that we support, we regularly assist and sponsor local schools, community groups and events in neighbourhood.

south to Kerikeri in the North, to view and have access to any of our listings as soon as they are released. There are no geographical barriers in our company so any of our salespeople, in any branch, can list and sell anywhere. The property management team uses a top of the range, fully integrated financial management system across their entire portfolio of properties.

Our systems and people are two of the key reasons Barfoot & Thompson sells more than one in every three Auckland properties and half the properties locally in the Millwater area.

Our clients also benefit from the fact that all listings are fully exposed on several major international property websites.

As well as the web, we can provide a customised marketing solution to suit any clients’ needs. It is not unusual for the first enquiries on a new listing to come from overseas.

Barfoot & Thompson continually wins many national and international awards; it’s great to be recognised for the high standards by which we operate. We understand property, the market, trends and its influences, as do many property owners and landlords throughout our area.

Whether you or anyone you know has any real estate need, be it selling, buying, renting, property management or just some advice, then without obligation please call me or one of our team and watch us roll into action. Tony Carter

Not being franchised, our branch is supported by Barfoot & Thompson’s sophisticated computerised listing system that enables all of our salespeople across more than 77 branches, from Waiuku in the

Property Management team

Residential / Rural Sales team

Mary Cocker 021 027 87636

Tina Hao 0276 885 886

Susana Perez 021 182 6329

Sindy Xiong 021 152 1117

Bruce England 021 975 260

Frank Li 021 036 8990

Bob Qin 027 204 0022

Hugo Yu 021 024 68345

Flora Feng 021 286 6625

Coralie Lush 027 360 2345

Steven Su 022 573 2219

Milu Zhao 021 297 6030

Mark Garratt 021 466 396

Lavashnee Naicker 021 2433 155

Leo Xing 021 183 6836

177 Millwater Parkway, Millwater, Auckland 0932

Residential Sales 09 426 6773

Property Management 09 426 6774

Email millwater@barfoot.co.nz

barfoot.co.nz/millwater

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