The average residential house price in Auckland increased by almost $46,000 last year, according to Barfoot & Thompson. The average price was $312,453 in January 2001 and by the end of the year it stood at $358,226. The average price for the year was $335,029, compared to $311,165 in 2001. Five years ago the average Auckland house price was $285,865. In 2002 just over 30% of Barfoot & Thompson’s sales were in the $500,000-plus bracket, compared to 18% five years ago.
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