National Property Values rose +1.1% for the quarter ending 31 Jan, and are now 3.3% below the previous market peak in late 2007, Quotable Value said in a report. The national gain has come from rising values in Auckland, which are up +5.1% on the same time last year. The number of house sales climbed by a fifth in December from a year earlier, according to Real Estate Institute figures last month, though the number of homes on the market remains low by historical standards. Christchurch property values were +3.7% above the same month a year ago, with the average sale price at $377,040 up from $371,885.


