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Northland and Auckland accounted for the biggest drops in lifestyle property sales of any regions in the three months ending November 2023, compared to the equivalent period last year.
Real Estate Institute of New Zealand (REINZ) data show that Auckland was down 29 and Northland down 22 lifestyle property sales in the September-November 2023 period, compared to the September-November 2022 period.
Across the country, there were 1266 lifestyle property sales in the three months ended November 2023, down 4.8 per cent from the 1330 lifestyle property sales for the equivalent period a year earlier.
The median price for all lifestyle properties sold in the three months to November 2023 was $980,000 – $55,000 less (down 5.3 per cent) than the median price recorded during the three months ended November 2022.
“The month of November saw mixed results across New Zealand, as some areas traded similarly to the same period in 2022 and several areas showed an increase in sales activity as the year closes out,” REINZ rural spokesman Shane O’Brien said
