{"id":17466,"date":"2026-05-21T05:38:50","date_gmt":"2026-05-20T17:38:50","guid":{"rendered":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17466"},"modified":"2026-05-21T05:38:50","modified_gmt":"2026-05-20T17:38:50","slug":"almost-20-of-townhouses-selling-for-a-loss","status":"publish","type":"post","link":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=17466","title":{"rendered":"Almost 20% of townhouses selling for a loss"},"content":{"rendered":"

Two townhouses in upmarket St Andrews Road, Epsom in Auckland, have resold for losses of hundreds of thousands of dollars – and data showsthey are not unusual<\/a>.<\/p>\n

Almost 20 percent of townhouses are\u00a0being sold for a lower price<\/a>\u00a0than their owners paid for them.<\/p>\n

Last week, Cotality reported 11 percent of houses sold in the first quarter of this year changed hands for less than their owners paid for them, and 41 percent of apartments. Townhouses were sold at a loss rate of 18 percent.<\/p>\n

That does not include the costs of sale, such as real estate commissions and marketing fees.<\/p>\n

The St Andrews Road townhouses were bought for $2.15 million and $1.99m, respectively in 2022, and resold in March for $1.55m and February for $1.65m, respectively.<\/p>\n

Across the market, median loss for townhouses was $49,500, similar to the figure for standalone houses.<\/p>\n

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