Christchurch sees record home sale while Auckland reports lowest sale of the year

The most expensive home sold in Christchurch this year was a property on Whitewash Head Road, which fetched $8.1 million in March. In contrast, the cheapest sale was an Auckland apartment that sold for $50,000 in October. Auckland dominated the high-end market, with the top sales including a house on Paritai Drive for $21.84 million and another on Victoria Avenue for $20 million. The most expensive suburb was Herne Bay, with a median value of $3.36 million. Corelogic noted that faster-moving markets tend to be more affordable, with Wallacetown in Southland having properties sell in just seven days. Meanwhile, Auckland Central experienced a 9.1 percent drop in median values over five years.