WELLINGTON, March 6 (Reuters) - New Zealand house prices rose an annual 3 percent in February to an average value of NZ$686,050 ($466,651.21), government valuer Quotable Value (QV) said on Wednesday.
* Pace increased slightly from 2.9 percent annual growth in January.
* Property values fell 0.9 percent in the Auckland region.
* Growth led by smaller, provincial towns as larger centres slow, according to QV. ($1 = 1.4702 New Zealand dollars) (Reporting by Charlotte Greenfield; Editing by Rashmi Aich)