Updated at 1:44 pm on 8 January 2014
Auckland's biggest real estate agency says the average price of a home in the city has never been higher.
Auckland's biggest real estate agency says the average price of a home in the city has never been higher.
Photo: PHOTO NEW ZEALAND
Barfoot and Thompson said the average residential sale price in December last year was $700,387.
During the month, the agency sold 817 properties, the second highest number for that month in a decade.
The company says the figures are signs of an improving economy and it is predicting a strong first quarter this year because of high demand for homes and pressure on supply.
The median price for December was $629,000, which was 14% higher than the December 2012 median of $550,000.
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