Issuu

WHAT’S MY HOUSE WORTH? GET A FREE APPRAISAL CURRENT LISTINGS FIND AN AGENT PROPERTY MANAGEMENT

Welcome to our SOLD Millwater Market Report magazine for February/March 2026

Our magazine contains the latest available information regarding property sales in the local area along with details of market trends, stats and tips.

Aucklanders continue to have an almost insatiable appetite for property market intelligence, so each month we will share details of the trends in your area. This is just part of our commitment to continue delivering you the highest level of service.

We’ve been locals for decades so we know the area well. Our goal is to apply this knowledge for you so you’re able to make the most of the opportunity that today’s and tomorrow’s market presents.

Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Thank you and all the best for the coming month.

Harvey Zhang and the Millwater team

Latest News

Low Auckland house prices attract strong sales activity

The Auckland housing market is experiencing strong sales activity without it affecting price stability.

“In February, sales numbers at 785 were excellent, and we sold the highest number of homes in a February for five years,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“February’s high activity follows on from that in January, and in the first two months of the year we have sold 1,609 homes, 16 percent more than at the same time last year.

“The only year we have sold more homes in the first two months of a calendar year in the last decade was 2021.

“The attraction that is drawing buyers is current price levels, with the median sales price in February at $904,000, down 9.6 percent on that for January, and the average price at $1,013,976, down 13.3 percent.

“These are among the lowest monthly median and average

sales prices seen in Auckland since prices peaked in 2022.

“The combination of high sales and low prices is part of the ‘structural change’ the Reserve Bank commented on when announcing the OCR would remain at 2.25 percent in late February.

“Effectively, housing supply is starting to meet housing demand, and the prices are drawing in buyers who once felt priced out of the market.

“We listed 2,252 new properties in February, a combination of new builds and existing homes, and at month end had 6,159 properties on our books, the highest number of listings we have had at this time of the year for 15 years.

“While the combination of good choice, stable prices and high sales numbers is drawing strong buyer interest, for the first time in many years this is not putting pressure on prices.

“Of our sales in February 31 percent were in the under

$750,000 price segment, the category most attractive to first time buyers.

“Sales in the $2 million plus market represented 4 percent of total sales. This sector is normally quiet at this time of the year because of the holiday season.

“Sales of property in the rural and leisure sectors of Northland and greater Auckland for February were close to $37 million, bringing sales for the first two months of the year to $100 million, 15.5 percent higher than for the same two months last year.”

Peter Thompson Managing Director

February 2026

Millwater area*

$1,250,000

$1,200,000 TOTAL SALES Feb 2026 63 + 1 Rural/Lifestyle Sales, Total 64 Feb 2025 53 + 2 Rural/Lifestyle Sales, Total 55

* Total monthly sales up/down compared to the same period last year.

and Figures

Wainui & Waitoki

Market Share

Over the last 12 months, Barfoot & Thompson sold more property in our area than any competitor.

For the period from 1st March 2025 to 28th February 2026, we sold 36% of all properties for sale in the area* including Millwater/Silverdale, Red Beach, Wainui (inc. Milldale) & Waitoki.

We sell across all price brackets and types of

Here’s proof why people continue to list and sell with Barfoot & Thompson.

Red Beach Silverdale & Millwater Torbay & Waiake Wainui & Waitoki Orewa

*inc Milldale *inc Millwater/Orewa

Red Beach Silverdale + Millwater Torbay + Waiake

Wainui + Waitoki Orewa

Different Ways To Sell

Top Tips When Selling Your Home

You have decided to sell your home, but now you are wondering ‘How’?

At Barfoot & Thompson you have a choice of different methods to best suit you. This month we discuss the main sale methods and different agency types.

Remember we have more information and a range of videos to help you make the very best choice on our website

barfoot.co.nz/sell/ selling-methods

Auction

A real estate auction is a method of selling a property through the process of public negotiation to determine the true market value of the property at that time.

Not only is Barfoot & Thompson Auckland’s largest real estate company, but it is also Auckland’s leading auction house - holding more auctions than any other real estate company.

Some benefits of selling by Auction include:

You market your home without a price – the sky’s the limit.

You have 3 opportunities to sell your home by auction:

a) pre-auction

b) under the hammer or

c) post-auction

An Auction sale is unconditional, you know your settlement date and how much you have sold for when the hammer falls.

We have a team of seven auctioneers that do auctions - and only auctions. They’re not part-time sales people or managers.

That means when you sell your house through a Barfoot & Thompson auction, you’ve got the most dedicated and experienced team possible working for you.

Tender

When selling by Tender, your home is sold by way of confidential offers that buyers make by a set deadline.

Offers are opened at the same time in the presence of a Barfoot & Thompson Manager or Auctioneer and you have five working days from the Tender Date to decide if you will accept an offer. You have the right to negotiate with just one of the buyers and once accepted, the buyer is bound by the terms and conditions of the Tender document.

While any property can be sold by tender, it is particularly suitable for:

• Properties where a number of parties must be consulted, for example, properties owned by a family trust or deceased estate.

• Properties where potential customers would expect to have to do due diligence before submitting an offer, for example, properties with strong development potential.

Promotion

Your home is offered to the market at a fixed price that you determine or by negotiation. Potential buyers can make offers for you to consider, these offers are usually conditional on various factors the buyer needs to investigate such as finance, builders report, council Lim report contents etc. Your Barfoot & Thompson Salesperson will assist with negotiations and represents your interests throughout the process.

Sole vs. General Agency

If you have a sole agency agreement, then only the real estate company named on the agreement can do real estate agency work (i.e. market and sell) on the property identified in the agreement. This type of agreement encourages the agency to work harder on your behalf.

If you sign a sole agency agreement, you should not sign up to another agent, as you may have to pay commission for both.

A general agency allows a number of real estate companies to do real estate work for the same property, at the same time.

If you sign a general agency agreement with more than one agency, you would only pay commission to the agency which succeeds in selling your property. With this type of agreement, every agent has the listing but nobody has responsibility of selling the property.

Why list as a sole agency versus a general agency? There is an obligation placed on the salesperson to provide a sale, which encourages them to work harder for it.

Want more tips on how to decide the best way to sell your property?

In this video, our salespeople share their top tips on how to decide what method of sale is right for your home.

View on youtube, visit our website barfoot.co.nz or feel free to drop in at a branch for more information about our sale methods.

Our salespeople have all the experience you need and are happy to provide you with more advice and information. Feel free to drop in at a branch, call, or contact us online. With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, you also have 1,700+ salespeople working for you.

Our Awards

Committed to being the best real estate agency around.

Winning big at the 2025–2026 International Property Awards

Barfoot & Thompson has achieved an historic result at the 2025–2026 International Property Awards, becoming the first real estate agency in the world to secure three global titles in the same year. At the IPA event in London, we were recognised as:

• Best International Real Estate Agency Over 20 Offices

• Best International Lettings / Rentals Agency

• Best International Real Estate Agency Marketing

Recognised with 6 awards at the 2025 REINZ Awards for Excellence

• Residential Property Management Office of the YearSmall - Swanson

• Residential Office of the Year (Sales Volume) - Small - Glendene

• Residential Office of the Year (Sales Volume) - Medium - Millwater

• Residential Office of the Year (Sales Volume) - Large - Howick

• Community Service Award - Large - Barfoot & Thompson

• Agency of the Year (All Disciplines) - Large - Barfoot & Thompson

4 prestigious Five-Star Awards at the 2025-2026 Asia Pacific International Property Awards

• Best Real Estate Agency Over 20 Offices

• Best Real Estate Agency Single Office (Howick)

• Best Lettings / Rentals Agency

• Best Real Estate Agency Marketing

Deloitte Best Managed Companies in 2025

Reader’s Digest Quality Service Winner 2025

Scan me to find out more about our accolades or visit: barfoot.co.nz/about-us/ our-awards

Recent

Sales

The following pages show a summary of sales in Millwater, Silverdale, Red Beach, Totara Views, Wainui & Waitoki made by all selling agencies during February 2026.

Our sales data includes information submitted by the selling agency and may include some private sales. Where details of a particular sale may not have been able to be fully verified, it may be omitted from our reports.

Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Every reasonable effort has been made to ensure the accuracy of the information presented. Land and floor sizes are approximate, sourced from REINZ, Auckland Council or other public sources and may contain inaccuracies. Barfoot & Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. Scan me to view our recent sales

Millwater, Milldale & Silverdale

23 Ahutoetoe Road

58 Argent Lane

22 Arran Point Parade

14D Blake Greens

78 Godfrey Drive

71 Harris Drive

47 Johns Creek Crescent

47 Kea Road

48 Kea Road

57 Kea Road

10 Kuhu Way

67 Madison Terrace

26 Manuel Road

15 Mita Road

89 Ormonde Drive

124 Ormonde Drive

37 Outlook Terrace

$1,315,000

3 Parkland Loop

5 Parkland Loop

9 Pitsaw Lane

60 Siren Street

16 Skulander Crescent

3 Stables Lane

1/75 Te Taruna Drive

169 Te Taruna Drive

5/299 Te Taruna Drive

8/299 Te Taruna Drive

10/299 Te Taruna Drive

11/299 Te Taruna Drive

381 Te Taruna Drive

393 Te Taruna Drive

395 Te Taruna Drive

7 The Settlement

28 Timberland Drive

40 Tipu Crescent

12 Tukutata Crescent

9/40 Waiparaheka Drive

3 Whaley Greens

$1,270,000

8 Wisteria Lane

$1,632,000 Sale price Land Size 522

$1,350,000

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Red Beach & Totara Views

42 Albatross Road

40 Awanui Road

10 Chelverton Terrace

11 Fairgray Lane

100 Hibiscus Coast Highway

25 Koura Drive

20B

Moffat Road

52A Moffat Road

71B Red Beach Road

1/33 Rosario Crescent

13 Seagate Place

Surf View Crescent

49 Symes Drive

30A Thorburn Avenue

15 Weka Close

1/96 William Bayes Place

Wainui & Waitoki

211 Whitehills Road

SIGNED. SEALED.

Celebrated!

Meet the Team

I first joined Barfoot & Thompson in 2015 and quickly built a reputation as one of the region’s leading salespeople. My career has since included management roles, along with a rewarding tenure supporting and developing the Browns Bay team as Assistant Manager.

I’m now proud to be leading the Millwater branch as Branch Manager. With a strong connection to the local community, I bring both extensive industry knowledge and a genuine passion for people development.

I’m committed to building a thriving sales team and positive culture by providing guidance, training and motivation. I believe that investing in people is the key to achieving lasting success.

Before entering real estate, I established two successful IT companies. With a keen interest in innovative technology, I continue to explore fresh ideas that enhance productivity and efficiency.

While real estate is very much a team effort, I also believe in supporting each individual to reach their full potential. At Barfoot & Thompson, it’s important to me that everyone feels confident in their ability to succeed in a competitive environment.

Real estate brings me immense satisfaction, and so does nurturing the growth of others. This role perfectly combines those two passions, and I look forward to making a meaningful difference for both my team and the community.