Homes in Auckland take longer to sell than in the rest of the country, with homes for sale in Tāmaki Makauau for an average of 71 days in September, Trade Me says.
That is the national average of 67 days.
In September 2021, houses in Auckland took an average of 51 days to sell and 42 days across the country.
However, there are properties that have been on the Auckland market for much longer, with one waiting around 18 months to be sold.
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A big factor contributing to the longer wait time was that sellers were unwilling to recognize the lower rate as the price housing market cooled in Auckland, Harcourt’s business development manager said Aaron Davis.
A seller had to decide which was more important: get the maximum return from their property, or move on with their lives, he said.
If they preferred the former, they had to wait for the market to improve, and if they wanted the latter, they had to meet the buyer’s expectations and sell.
These are the Auckland homes that have been advertised the longest on Trade Me.
540 days
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The longest-standing property for sale in Tāmaki Makaurau is a six-bedroom, four-bathroom house in the South Auckland suburb of Flat Bush.
The longest-lived Auckland property is a six-bedroom, four-bathroom home in the Flat Bush suburb.
Several home extensions are also available, meaning one to two additional bedrooms can be added.
The house was listed on May 15, 2021 and the broker is asking for more than $1.8 million.
371 days
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This North Shore home has been up for sale for 371 days.
A three-bedroom, two-bathroom home on Auckland’s north coast has been up for sale since November 2, 2021, for a total of 371 days.
The owner said there had been offers and they had been accepted, but deals had failed because he hadn’t found any new homes to move into.
The three-bedroom property stands at $940,000 – well above the $660,000 RV listed on Trade Me.
The owner said he had recently had an offer for the asking price.
354 days
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This Mellons Bay property is listed as November 19, 2021.
A house in Auckland’s eastern suburb of Mellons Bay has been on the market for 354 days.
The brick and tile three-bedroom, two-bathroom was listed on Nov. 19, 2021.
The house is described as “quiet and peaceful” and “almost maintenance free”, with no lawn to mow.
245 days
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22 Melandra Road, Stanmore Bay, Rodney, Auckland. Listed on March 8, 2022
A property in the Stanmore Bay suburb was listed on March 8 and has been on the market for a total of 245 days.
It features a three bedroom house and a granny flat on a 10002 sqm fenced property.
The owners are asking for $1.99 million.
241 days
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Despite being right on the beach, this three-bedroom, two-bathroom home has been up for sale for 241 days.
A beachfront house in Waiuku, a suburb in southern Auckland, has been up for sale for 240 days.
The house has three bedrooms and two bathrooms.
The seller, Castaways Development, is asking for more than $1.1 million.
A Castaways spokesperson said properties have been on the market for so long due to a number of factors.
“The Reason Why I Think” [sales] have been delayed is the collateral of Covidto be inflationit remains to be seen what happens to interest rates,” she said.
Gavin Lloyd, Trade Me’s director of sales, said that while viewings had fallen across the country, demand in Auckland had “ignored the trend”.
Demand was up 13% year-on-year in October, he said.
Based on the latest data from Trade Me, the five most in-demand suburbs in the Auckland region for the month of September were Remuera, Mount EdenEpsom, Gray Lynn and Parnell.