Barfoot & Thompson | Mt Eden

Welcome to our SOLD Mt Eden & Sandringham 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.

Teresa Weiss and the Mount Eden team #7 Branch Manager, to end March 2023

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

$1,790,000 $2,000,000

Market Share and Figures

Market Leaders

We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.

Overall Market Share

Over the last 12 months, Barfoot & Thompson sold more than a third of all listed properties in our area.

WITH SELLING AGENCIES MKT SHARES

For the period from 1st March 2025 to 28th February 2026, we sold 32% of all properties for sale in the area – that’s over 675 sales made by Barfoot & Thompson!

Monthly sales overview in the local area* (*Recent Sales)

Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. The area shown includes Ellerslie, Epsom, Greenlane, Hillsborough, Mangere Bridge, Mt Eden, One Tree Hill, Onehunga, Parnell, Remuera, Royal Oak, Sandringham & Three Kings. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Number of Sales

1st December 2025 to 28th February 2026 compared to the same period last year.

53% of properties in Mt Eden & Sandringham sold for $1.5 million or more over the last 3 months.

Average sale Price

1st December 2025 to 28th February 2026 compared to the same period last year.

Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where sales information was not publicly available, an individual sale may have been excluded from the average results and tallies. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Time To Sell! Offers & Negotiation

Top Tips Why working with Barfoot & Thompson can help sell your home.

In our recent editions we have discussed the steps involved in selling your home from getting ready to sell right through to the ins and outs of Open Homes.

We’re exploring what to expect when the time has come to look at offers.

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

barfoot.co.nz/sell/sellingguide

Now it gets exciting!

Your home has been noticed and buyers want to proceed with an offer.

As we all know: where there are offers, often negotiation is involved!

How an offer is made, along with the particular terms and conditions on which a sale depends, will be determined to some extent by the method of sale you have chosen. In every case, your Barfoot & Thompson Salesperson will be there at every step to guide and assist you - and liaise between you and the buyer.

Auction

When selling by auction you will have set terms and conditions of sale together with our auction department and your solicitor. This is recorded in an agreement that will be sent to interested parties during the marketing campaign so they are fully informed before auction day.

During the weeks leading up to the auction, a buyer might ask for a variation on your terms and conditions. For example, a party may ask you to agree to a different possession date, should they be the highest bidder on the day. This is formally documented and signed off by both parties well before the auction; and the decision to agree or not is always yours.

Sometimes, an acceptable offer is made before auction day, which may lead to the auction being brought forward, this is referred to as a pre-auction offer. In this scenario, the acceptable offer serves as the opening bid, while other interested parties are given the opportunity to bid upward from there.

For detailed information about all of the steps and what to expect on Auction day head to our website – we have dedicated pages for both buyers and sellers including videos from our salespeople and top auctioneers.

Once the property has sold under the hammer, you and the purchaser are asked to sign the

contract documenting the sale, which will then be distributed to your and their solicitor for processing. Arrangements for a deposit are made (usually by cheque or by bank transfer the same day), and the remainder of the purchase price is due on settlement day. Should the property not sell at auction, then there is room for conditional buyers to enter the arena and an agreement can be negotiated.

What can I expect on auction day?

Sellers guide to auctions barfoot.co.nz/sell/selling-methods/guide-toauctions

Buyers guide to auctions barfoot.co.nz/buy/ways-to-buy/auctions

Negotiation

If you have decided to sell by negotiation offers can be presented at any point. As with auctions and tenders, offers are presented in writing on a sale and purchase agreement. You will look at the terms and conditions in the agreement, as well as the price in order to determine whether you would like to accept or negotiate further via a counter offer.

Once the offer is accepted, you sign a final document and the agreement will be distributed to the solicitors. If the agreement is contingent on conditions, then the purchaser has a number of working days specified to satisfy these and the agreement becomes unconditional once this completes - meaning your property has sold!

Sometimes an unconditional offer is made where the only aspect left to negotiate is price.

This is called a ‘cash unconditional’ offer and once both parties agree on the price, the property is sold.

We’re happy to help.

Tender

If you have decided to sell by tender, your salesperson will present you with offers at the set day and time the tender closes. The terms and conditions in the agreement as well as the offered price will help determine which offer you would like to accept or whether you would like to negotiate further.

Offers are private and confidential - they are for your consideration, for which you are allowed to allocate a time frame of five working days. The terms and conditions in the agreement, as well as the offered price will be determining factors in your decision which offer you would like to accept or negotiate further.

Once an offer is accepted, you will sign it and the agreement will be distributed to the solicitors for processing. If the agreement is contingent on conditions, then the purchaser has a number of working days specified to satisfy these. When these conditions complete, the agreement becomes unconditional and the property is sold. During this period your sales person as well as your solicitor will be working together with the buying party to facilitate the sale at every step.

Remember we have a wide range of information for buyers and sellers including many videos and step by step guides. Head to our website for more or contact one of our team directly barfoot.co.nz

Recent

Sales

The following pages show a summary of sales in Mt Eden, Sandringham & Epsom 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.

Mount Eden

6 Akiraho Street

$1,760,000

23 Dunbar Road

$1,790,000

37 Elizabeth Street

$1,550,000 $2,000,000

1 Ellerton Road

$2,700,000

8 Esplanade Road

$1,500,000

28 Fairview Road

$3,520,000 $3,175,000

9A Horoeka Avenue

$2,560,000

9 Kakariki Avenue

$5,001,000

54 Kensington Avenue

$1,700,000

29

Kowhai Street

$2,975,000

35

Lambeth Road

$1,460,000 $1,375,000

6

Manatu Street

$2,255,000

136

Marsden Avenue

$1,150,000 n/a

140

Peary Road

$1,685,000

91 Peary Road

$2,735,000

19 Poronui Street

$3,635,000 $3,275,000

23 Queens Avenue

$2,500,000

11

Ruapehu Street

$4,340,000

18 Springwood Place

$1,380,000 $1,350,000 CV

Land Size Sale price 216 Bedrooms 3 Floor size 118

14 Tarata Street

$2,655,000 $2,750,000 CV Land Size Sale price 379 Bedrooms 4 Floor size 206

82 Valley Road

$2,505,000 $2,025,000 CV Land Size Sale price 481 Bedrooms 3 Floor size 126

25 Volcanic Street

$2,550,000 $2,300,000 CV Land Size Sale price 582 Bedrooms 3 Floor size 134

21 Wairiki Road

$2,525,000 $2,300,000 CV Land Size Sale price 509 Bedrooms 5 Floor size 229

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.

Sandringham

105 Burnley Terrace

$2,020,000

83 Burnley Terrace

$1,790,000

28

Calgary Street

$2,220,000

12 Euston Road

$1,214,000

3 Haverstock Road

$1,255,000

87A Haverstock Road

$985,000

91 Haverstock Road

$2,105,000

7/6C Kingsway Avenue

$785,000

Lot 3/26 Lancing Road

$1,200,000

Lot 5/26 Lancing Road

$1,235,000

Lot 7/26 Lancing Road

$1,338,000

6/5 Patterson Street

$894,000 $890,000

223 Sandringham Road

$1,750,000 $1,800,000

95 Taumata Road

$1,805,000 $1,775,000

201/2A Truro Road

$415,000

9 Watea Road

$1,240,000

3

5

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.

2L Alpers Avenue

$1,086,500

31A Arcadia Road

$1,760,000

28

Banff Avenue

$3,250,000

11

Bingley Avenue

$2,550,000

11 Cecil Road $3,000,000

198 Gillies Avenue

$2,250,000

14 Gladwin Road

$2,950,000

37 Hollywood Avenue

$2,890,000

5/12 King Edward Avenue

$1,456,000

8/12 King Edward Avenue

$1,394,000

1 Lewin Road

$2,700,000

5/337 Manukau Road

$745,000

2/626 Manukau Road

$1,270,000

52 Margot Street

$950,000

74A Market Road

$2,340,000

36 Mauranui Avenue

$1,365,000

22F Owens Road

$1,776,000

21 Queen Mary Avenue

$3,510,000

233A Saint Andrews Road

$1,106,000 $1,300,000 CV

Land Size Sale price Crosslease Bedrooms 3 Floor size 167

242C Saint Andrews Road

$1,650,000 $1,550,000 CV Land Size Sale price 191 Bedrooms 4 Floor size 147

12A Selwyn Road

$2,800,000 $2,675,000 CV Land Size Sale price 459 Bedrooms 5 Floor size 305

87 The Drive

$3,455,000 $2,700,000 CV Land Size Sale price 431 Bedrooms 5 Floor size 282

71 Watling Street

$2,650,000 $2,700,000 CV Land Size Sale price 465 Bedrooms 5 Floor size 248

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.

Meet the Team

#7 Branch Manager, to end March 2023

As a Branch Manager, I can confidently state that I’m an expert in real estate and that my experience in sales, regulations and training sets me apart from the crowd. Over the last 15 years, I have immersed myself in the outcomes, surprises, complications, successes, fluctuations and positive endings for both my clients and those that I have managed. I intimately understand industry best practice and back not just my team in Mt Eden, but also the 1,500+ salespeople that form the Barfoot & Thompson network.

My sales career began in 2002 in the Eastern bays area, where I built a reputation for action and results. Within my first year, I was recognised as a top achiever. Because of this, I was approached to coach and mentor others in the industry. Since then, I have guided some of New Zealand’s top salespeople as they have navigated various market cycles. I believe my professional strength lies in my grasp of the psychology behind selling and the strategies needed to achieve top results. This savvy also has a way of making the real estate process look effortless and has assisted hundreds of real estate salespeople kick start their careers.

My knowledge of the intricacies of the industry and my ability to negotiate, is what drives results for clients and makes me a great advisor.

For a team that knows how to find you the ideal home or the best sale price, look no further.