4 Feb 2015

Auckland's million dollar boom rolls on

12:58 pm on 4 February 2015

The number of million-dollar houses in Auckland continues to rise.

Real estate agents Barfoot and Thompson sold 859 houses in January, 21 percent of them for over $1 million, compared with 11 percent of the sales in January last year.

Houses under $500,000 accounted for just a quarter of its sales in Janauary.

The median price was just over $757,000 - little changed from December.

Managing director Peter Thompson said prices usually dropped off in January as people focused on holidays, but this year had held on to pre-Christmas highs.

The 859 houses sold in the month was in line with the past two years.

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