5 Oct 2009

Property sales up by Auckland company

11:56 am on 5 October 2009

Barfoot & Thompson says sales rose 10% in September as confidence continues to build in the property market.

The company - the largest real estate company in Auckland - Barfoot & Thompson sold 917 properties in September, up from 830 in August.

The average price was almost $515,000 - up 3.8% on the same period last year.

Managing director Peter Thompson says sales traditionally lift in spring, but a more positive outlook for the economy and an increasing number of properties on the market helped to drive growth.