Barfoot & Thompson | Remuera

Welcome to our SOLD Remuera Market Report magazine

for May 2024

Our magazine contains the latest available information regarding property sales in Remuera, 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.

This month’s Remuera sold properties are set out on the remaining pages. If you would like to view our current listings available for sale please click here to view our Property Live magazine, updated weekly with fresh to market listings.

Yours sincerely.

Carolyn Vernon and the Remuera team

Latest News

Auckland housing still moving forward from market low point

In April, the Auckland housing market gave back half the gains it made in March but overall sales continued the forward momentum being made since the low point in July last year.

“April’s trading did not match March’s breakout result, but was still a solid performance,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“It has ensured the market is still moving forward from its low point in July last year.

“Since the start of the year, the median price has increased by 4.2 percent and the average price by 11.9 percent while, compared to the low point of the price cycle, the median price is now up by 6.1 percent and the average price by 13.7 percent.

“The median sales price for April at $1,007,500, was up 1.3 percent on that 12-months ago, but down 4 percent on that for March.

“The median price still remains above the $1 million mark, which

has become something of a benchmark for the median price in Auckland.

“The average sales price at $1,212,828 in April was down on that for March by 1.2 percent and was 11.6 percent above where it was 12 months ago.

“Sales numbers for the month at 704 were down a third on those for March but the highest for the month of April for three years.

“From a buyer-choice point of view, housing remains a buyers’ market with the number of properties listed at month end at 5,770, the third month in a row that total listings have remained above 5,000.

“Total listings at month end were assisted by 1,580 new listings in April, a three-year high for new listings in the month of April.

“Sales at the top end of the market remained strong, with 57 sales valued at $2 million or more, and this represented 8.1 percent of all sales. 12 homes sold for in excess of $3 million.

“The value of property sold in the Rural and Lifestyle markets in April was $40.2 million, up nearly 50 percent on the value of property sold last April. These sales made some inroads into stock levels, however, available properties for sale remain high in these two markets, offering buyers significant choice.”

Peter Thompson Managing Director

April 2024

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 May 2023 to 30th April 2024, we sold 34% of all properties for sale in the area – that’s over 600 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

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 no

or

READY... SET, OPEN HOME!

TOP TIPS

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

Congratulations, you’re on the market! In our recent editions we’ve discussed getting ready to sell, different sale methods and the tools for your marketing campaign. This article explores what to expect from an Open Home. 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/selling-guide

Open home schedule

During the first week of your campaign, we will introduce your property to our colleagues from Barfoot & Thompson. Internally, we call this a ‘caravan’ – our salespeople will view your home on the Tuesday morning before the first open home. Your listing agent will confirm times with you and the caravan will include agents from surrounding branches.

Our salespeople will visit to familiarise themselves with your property, so they know more about your home and can then contact their own personal databases of potential purchasers. This is an important first step to maximise exposure in the market and ensures

Preparing for an open home

that the Barfoot & Thompson team is working hard for you.

Your salesperson will have most likely set an open home calendar with you when they listed your property. Open homes are generally held on the weekend, on some occasions they may be supplemented by mid-week times or special viewings. We usually run an open home for a period of 30 minutes, but your agent will arrive a little earlier to set up and will stay until the last visitor has left. We try not to turn anyone away, so would recommend planning to be out of the house for at least an hour during the viewing times.

To prepare for the inspections we recommend you open some windows to air the house out and perform a thorough clean, tidying away everyday objects and children’s toys where applicable. If you have pets, try to keep them outdoors for a period of time before inspections start and if possible take them with you when you leave the house – some people are afraid of dogs or have allergies to pets so it is best if you can minimise any of these potential problems.

Put the heating on in winter and cool air in summer if you have it, so your home is a comfortable temperature when people walk in. The lights should also be on, even in summer - it helps when all the rooms have the same brightness.

Meet & greet

While you are away, your agent will greet all visitors at the main entrance and take note of their name, phone number and email where possible. We do not let anyone enter your home without at least getting a phone number from them. Visitors are left to walk freely through your home but our agents will always greet them again before they leave and answer any questions they might have.

We stay alert throughout the open home, but it is recommended that any ornaments or belongings of sentimental or monetary value are put away for safe keeping prior to the open home.

At the end of the open home your agent will lock all doors and windows, turn off the lights and send you a quick text or call you to let you know they are leaving.

Open home follow up

When open homes have finished for the day your agent will call back all the visitors and document any important feedback or comments for you. In the following days your salesperson will prepare feedback from them to discuss with you either by phone, email or in person, at which time you can ask any questions you might have.

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.

More tips on how to prepare for open homes

We have a range of videos on our website with tips from our salespeople about how you can get your home ready and impress potential buyers.

Get all the information about how to get your property in perfect shape for open home day. View on youtube, drop in at a branch, or visit our website barfoot.co.nz

Recent Sales

The following pages show a summary of sales in Remuera and surrounding areas made by all selling agencies during April 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.

Remuera

8 Ada Street

$2,741,000

115C Arney Road

$4,612,500

3/30 Ascot Avenue

$638,000 $700,000

34 Ascot Avenue

$3,500,000

6 Eastbourne Road

$5,036,000

28A Hapua Street

$2,300,000 n/a

84 Ladies Mile

$2,220,000

40 Lingarth Street

$1,825,000

16A Mahoe Avenue $3,146,800

8 Mainston Road

$1,450,000 $2,100,000 CV

29A Maungarei Road

$1,540,000 $1,575,000 CV Land Size Sale price Crosslease

4 Floor size 143

35 Middleton Road

$1,380,000 $2,575,000 CV

498

2 Floor size 114

40 Mount Hobson Road

$1,590,000 $1,975,000 CV

10 Pukeora Avenue

$4,650,000 $5,400,000 CV

488 Remuera Road

$3,834,783 $6,500,000 CV Land Size Sale price 895

726A Remuera Road

$3,100,000

138 Upland Road

$4,200,000

152 Upland Road

$3,250,000 $3,375,000

4

5

5

Parnell

18 Warrington Road

$6,900,000

3A/15 Augustus Terrace

$700,000

203/15B Augustus Terrace

$1,700,000

16/11 Balfour Road

$480,000

109 Brighton Road

$3,875,000

12/27 Cheshire Street

$625,000

10/7 Cleveland Road

$885,000

10 Cotesmore Way

$80,000

34 Cotesmore Way

$110,500

8 Cotesmore Way

$126,000

1B/8 Farnham Street

$813,000

2C/8 Farnham Street

$825,000

8 Freemont Street

$2,350,000

27 Garfield Street

$1,424,500

2 Ngahere Terrace

$1,585,000

66A Saint Georges Bay Road

$3,200,000

201/86 The Strand

$132,000

G9/30

York Street

$1,500,000

Meadowbank 9 Fancourt Street

2/19 Gowing Drive

4/32 Hawkins Street

7 Keretene Place

6B MacPherson Street

2/62 Meadowbank Road

$1,200,000 $1,320,000 CV

3/83 Meadowbank Road

Size Sale price Crosslease

$1,000,000 $1,500,000 CV

3

size 144 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.

3 Floor size 157

16A Puroto Street

$1,675,521 $1,925,000 CV Land Size Sale price 600 Bedrooms 3 Floor size 172

34A

Ripon Crescent

Size Sale price Crosslease

$1,540,000 $1,725,000 CV

3 Floor size 191

21 Rutherford

Terrace

$1,770,000 $2,175,000 CV

40 Rutherford Terrace

$1,650,000 $1,900,000 CV

3A Temple Street

4

$2,700,000 $3,125,000 CV Land Size Sale price 1039 Bedrooms 3 Floor size 218

5B Tipene Place

$1,040,000 $1,320,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 153

Greenlane

14 August Place $1,400,000

16 Garland Road

$2,078,000

2/17A Kawau Road

$530,000

50 Konini Road

$1,260,000

15 Korau Road $4,210,000

1/44A Waiohua Road $920,000

4/20 Arron Street $1,225,000

1/16 Ballarat Street

9/32B Ballarat Street

$720,000

1 Ballin Street

$1,571,000

25/2

Cawley Street

$780,000

5/36

Eaglehurst Road

$1,200,000

1/13

Ellerslie Park Road

$1,120,000

29B Findlay Street

$1,032,000

35A

Gavin Street

$1,180,000

666B Great South Road

$1,325,000

666B Great South Road

$1,350,000 $1,350,000

666B Great South Road

$1,175,000 $1,175,000 CV

666B Great South Road

$1,335,000 $1,335,000 CV

666B Great South Road

$1,360,000 $1,360,000

666B Great South Road

$1,310,000 $1,310,000

666B Great South Road

$1,288,000 $1,288,000 CV

666B Great South Road

$1,185,000 $1,185,000 CV

666B Great South Road

$1,320,000

666B Great South Road

$1,270,000 $1,270,000

2

666B Great South Road

$1,420,000 $1,420,000 CV Land Size Sale price n/a

2 Floor size 72

1/13 Lonsdale Street

$1,300,000 $1,360,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 145

172 Main Highway

Size Sale price 1110

$2,100,000 $3,700,000 CV

4 Floor size 179

6A Marei Road

$882,888 $1,250,000 CV

206/20A Pukerangi Crescent

$999,999 $1,060,000 CV

3

2 Floor size 69

17/9 Ranier Street

$546,826 $720,000 CV Land Size Sale price Unit Title Bedrooms 2 Floor size 68

7 Umere Crescent

$1,960,000 $2,300,000 CV Land Size Sale price 587

5 Floor size 249

19A Vause Street

$950,000 $1,220,000 CV

3

126 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.

Meet the team

Successful selling relies on unparalleled market knowledge, superior negotiating skills and a lot of hard work. We are focused, professional real estate experts with years of experience in every kind of market.

Carolyn Vernon

027 577 7000

Sales Manager

Our marketing and negotiating skills are well proven with our focus being on providing valuable, insightful, knowledgeable and respectful real estate services to you. Your needs are what drives us—we understand the one size doesn’t fit all, which is why we deliver a bespoke service that’s as unique as you and your home. As we value the same things as you do, you can be assured we’ve got all the right measures in place to ensure your privacy and security.

Property Management

Customer Service

Margaret

Suria

Residential Sales team

Alastair Plowman 027 333 7341

MacDonald 021 650 901

James Doole 021 666 938

021 988 272

021 723 177

Alex Baker 027 457 9805

David Wang 022 351 1588

Barr 021 971 500

Zhao 022 580 8866

021 911 606

Ling 021 100 0202

M

027 491 4666

021 281 6899

021 998 563

027 522 0773

012

954 573

530 290

788 6666

Amos

Barbara Armon 021 799

Rose Hu 021 295 7593

Cici Wang 021 280 2828

Cindy Jiang 021 777 273

David

Dennis

Dunford

Dermot Kelly 021

Prince Kapoor 027

Rawdon Christie 027 459 2951

Judith

Julia Nah

Julie Fitzpatrick 021

Kathy Bower 021 928 648

Leila MacDonald 021 928 926

Paul Studman

Maree Church

Stanley Armon

Steve Hood

Verena Ryan

Di Martens 021 776 100

Gill Macdonald 021 983 634

Oscar

Barfoot & Thompson

417 Remuera Road, Remuera, Auckland 1050

Residential Sales 09 524 0149

Property Management 09 524 1654

Email remuera@barfoot.co.nz

barfoot.co.nz/remuera