There are fewer homes being sold for more than $1 million in Auckland, but more in most other parts of the country, according to the Real Estate Institute of NZ.
The REINZ's latest Million Dollar Price Report shows that 4075 residential properties in Auckland were sold for more than $1 million in the first six months of this year, down 1.9% compared to the first half of last year.
There were even bigger declines in the number of multi-million dollar properties sold, with 194 Auckland properties selling selling for more than $3 million in the first half of the year, down 8.5% compared to the first half of last year, while 41 properties sold for more than $5 million, down 18% compared to the same period of last year.
However the number of properties selling for more than $1 million was up in most other parts of the country, with Auckland, Tasman and Southland the only regions to have sold fewer $1 million-plus properties in the first half of this year compared to last year.
Nationally, 5438 residential properties sold for more than $1 million in the first half of this year, up 4.2% compared to the same period of last year.
And if the Auckland figures were excluded, 1363 properties in the rest of the country were sold for more than $1 million, up 27.9% on the same period of last year.
Outside of Auckland, the region with the most million dollar-plus sales was Wellington with 382 $1 million-plus sales, which was up 43.1% on the same period of last year.
That was followed by Otago (which includes Queenstown), where 232 homes were sold for more than $1 million in the first half of the year, up 26.8% on last year, Bay of Plenty, 213 $1 million-plus sales, (+21%), Canterbury 178 (+5.3%), and Waikato 177 (+28.3%).
Outside of Auckland only 29 properties sold for more than $3 million in the first six months of this year (+16%) and just five sold for more than $5 million, which was unchanged from a year ago.
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