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Welcome to our SOLD Parnell Market Report magazine for July/August 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 property market heads into winter with strong sales numbers

The Auckland property market had a strong close to the summer/autumn selling season with sales numbers at their strongest for the month of June in four years, and the average price increasing to its highest in three months.

“June is normally a month when sales activity starts to tail off with the approach of winter, but this June was a strong sales month,” said Stephen Barfoot, a Director of Barfoot & Thompson.

“The median sales price for the month at $981,500, was the highest it has been this year and 5.7 percent higher than last month’s median sales price.

“While this is well below the peak median price established a few years ago, compared to where prices have been over the past few months, it represents a pleasing reversal in direction.

“The strong increase in the number of sales being achieved this year compared with the past two years continued into June.

“We sold 876 properties in June, which was our highest number in the month of June for four years and was more than a quarter higher than in the same month last year.

“While June’s sales numbers were down on May’s, our sales for 2025 year-to-date continue to run 20 percent higher than those for last year.

“The market may be drifting in terms of prices, but when it comes to sales turnover it is stronger now than it has been since sales and prices peaked in 2021.

“New listings in the month at 1,405 were solid, but the lowest they have been for 5 months, with month end housing stock sitting at 5,831. While this number is on a par with stock levels at this time last year it is the first time in four months properties on our books have fallen below 6,000.

“The rural and lifestyle markets to the north, west and south of Auckland also had a strong

month going into winter, with the sales value of properties for June being more than $59 million, the highest sales total in these markets in the month of June for three years.

“Sales by value in the rural and lifestyle markets in the first half of 2025 are running 41 percent ahead of where they were at the same time last year.”

Stephen Barfoot Director

Market Share and Figures

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.

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 July 2024 to 30th June 2025, 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.

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

FROM SALE TO SETTLEMENT

TOP TIPS

Why working with Barfoot & Thompson can help sell your home.

In our recent editions we have discussed the steps involved in selling your home, from getting ready to sell right through to the ins and outs of offers and negotiations. This article examines what happens after the sale, and on settlement day.

Remember we have more information and a range of videos on our website to help you make the very best choices. barfoot.co.nz/sell/selling-guide

Congratulations: your property has sold!

After the bubbly has been popped and the celebrations are over, our clients often ask us: “Now what?” Not to worry, the route from sale to settlement is a relatively straight forward one, and your Barfoot & Thompson sales person will guide you every step of the way. Now what?

What do I need to do?

Unconditional vs. Settlement

Once the agreement you have signed “goes unconditional” it is legally binding, meaning both you and the purchaser now have to fulfil obligations specified in the contract in order for the property to change owership.

Deposit

Upon the sale of the property, the purchaser is required to pay a deposit. We will hold this deposit in the Barfoot & Thompson trust account for 10 working days.

We’ll work with both solicitors directly during this process and will let you know once the deposit has been transferred to your solicitor’s bank account.

Keys on Settlement

On settlement day, the remainder of the purchase price of the property is paid to you, and the Property Title is transfered to the purchaser, who will then be the new owner.

We’ll hold your house keys at our Barfoot & Thompson office until your solicitor advises us in writing that the above has taken place, at which point they’ll be made available for the new owner to collect. We won’t release your keys until we are legally entitled to do so.

There is a number of things you’re required to do as part of your duties as a vendor:

• You must ensure all chattels included in the sale are in reasonable working order on settlement date. Excepting fair wear and tear, they should be in the same condition they were in on the date of sale. If there is any significant damage, the purchaser is entitled to compensation from you.

• You must ensure all bills for electricity, gas, water and rates on the property are up to date. There should be no outstanding charges on the accounts on settlement day.

Before Settlement:

• Make an appointment with your bank to discuss your financial arrangements for settlement day, and to sign the necessary financial documents.

• Make an appointment with your solicitor. You’ll need to arrange to sign the necessary legal documents to transfer the property from your name into that of the new owners.

• Organise the move! Arrange for someone to look after your children or elderly family members during the packing/ moving process if required. Book a moving company if you’re using one, and start collecting boxes and newspaper to pack your things in.

• Arrange the transfer of water, telephone, electricity and gas services. You’ll need to contact your service providers to notify them that you’re moving, and have all services at the property transferred from your name. You’ll also need to arrange final readings on the day of your move.

• Transfer any other services and organise your change of address.

• If your property is tenanted, you may have arranged with the purchaser that the tenants stay on under the new ownership. If so, this should have been included in the Sale and Purchase Agreement. If not, the property must be vacant on settlement date.

On Settlement Day:

• If the property is sold with vacant possession, then you must let the purchaser (or anyone authorised by them in writing) complete a property check prior to settlement. They’ll check the condition of the property, including the chattels and fixtures that are included in the sale. They must give you reasonable notice for this visit.

• On the day of possession, you must make all keys available to the purchaser.

• The set of keys should include all exterior door keys, electronic door openers and keys or codes to any alarms on the property. If the property is tenanted, however, these items will remain with the tenant(s).

It’s good to remember that in between the date of sale and the date of settlement, the property and chattels remain in your name. This means you are responsible for any damage that may occur between the sale and the settlement date.

Learn more about the steps between sale/ purchase and possession in our video explaining what happens at the presettlement inspection.

Remember we have a range of video tips for sellers. Head to our website for more information: barfoot.co.nz/sell/video-tips

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.

With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, you also have 1,700+ salespeople working for you.

Recent Sales

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

Parnell

3/27 Cheshire Street

$405,000 $420,000

1/84 Gladstone Road

$2,170,000 $2,125,000

402/429 Parnell Road

$1,725,000

501/431 Parnell Road

$2,650,000

Y23/30 York Street

$915,000

Newmarket

15B Sarawia Street

$1,625,000

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.

Remuera

1/45 Abbotts Way

Size Sale price Crosslease

$740,000 $890,000 CV

2 Floor size 68

136C Bassett Road

$2,025,000 $1,925,000 CV Land Size Sale price Crosslease

3 Floor size 187

Clonbern Road

Size Sale price 946

$3,300,000 $3,650,000 CV

11 Dover Place

$2,800,000 $3,300,000 CV

4 Grand Drive

$1,512,000 $1,625,000 CV

3B Hilltop Street

$2,400,000 n/a CV

1/38E James Cook Crescent

$820,000 $1,200,000 CV

8 Joseph Banks Terrace

$1,850,000 $2,200,000 CV

2/11 Kitirawa Road

$2,500,000 $2,925,000 CV

9A Komaru Street

$2,900,000

1 2/26 Koraha Street

$2,000,000

104 Ladies Mile

$1,740,000 $1,975,000

17 Lillington Road

$1,850,000

31 Lingarth Street

$2,045,000

501/10 Middleton Road

$4,500,000 $5,200,000

100A Ngapuhi Road

$2,400,000 $2,000,000

30 Ohinerau Street

$2,750,000

11A Omahu Road

$1,530,000

27 Orakei Road

$4,000,000 $4,425,000

6/137 Portland Road

$725,000 $800,000 CV

2E/406 Remuera Road

$2,225,000 $2,775,000

8/416A Remuera Road

$2,850,000

3A/464 Remuera Road

$1,780,000

2B/707 Remuera Road

$1,800,000

41 Ridings Road

$6,000,000

99 Seaview Road

$2,700,000

20 Spencer Street

$3,100,000

7 Ventnor Road

Land Size Sale price 784

$2,670,000 $3,625,000 CV

Bedrooms 4 Floor size 229

21 Waiatarua Road

$2,370,000 $3,175,000 CV Land Size Sale price 941

Bedrooms 4 Floor size 193

88B Waiatarua Road

$1,705,000 $1,925,000 CV Land Size Sale price 447

Bedrooms 4 Floor size 212

1/9 Wootton Road

Land Size Sale price Crosslease

$714,684 $790,000 CV

Bedrooms 1 Floor size 52

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

Manager 027 431 9666

Charis Salamat

Residential Sales team

Ren Agnew 021 941 212

Sally Giles 021 764 356

John Howard 021 751 751

Richard Pereira 028 459 6673

Cindy Yu 021 829 188

Sammy Agnew 021 710 116

Ian Griffiths 021 960 231

Manuela Isaac 021 887 886

Caterina Poletti 021 300 612

Terry Zheng 022 429 2388

Louise Allan 021 251 9129

Amy Ho 027 666 9993

Kate Jiang 021 833 126

Silvia Poletti 021 311 311

Greg Collins 021 893 335

Jonas Ho 027 666 9360

Edwin Madhvan 027 778 6347

Abhi Sreekumar 022 644 6545

Alexandra Corbin 021 643 673

Sue Holland 021 227 0087

Bobby McMillan 021 396 767

Yao 027 551 2797

Victoria

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