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Barfoot & Thompson's auction clearance rates ranged from 34% to 60% last week

Property
Barfoot & Thompson's auction clearance rates ranged from 34% to 60% last week

The number of homes sold under the hammer at Barfoot & Thompson's major residential property auctions last week ranged from just over a third for North Shore homes auctioned at the Bruce Mason centre, to 60% of the homes auctioned at Barfoot's head office Shortland Street auction rooms on Friday (see chart below).

Unusually, all but one of the homes sold under the hammer at Barfoot's main North Shore auction last week went for less than $1 million.

Out at the Manukau auction, prices ranged from $545,000 for a three bedroom house with a double garage at Clendon Park to $1.692 million for a house at Maraetai.

In the CBD auction rooms on Shortland St, home units remained popular with a three bedroom brick and tile unit in Mt Eden selling for $874,000 and another two bedroom unit in Sandringham fetching $675,000.

You can see the latest results from most of the major auctions conducted by Barfoot & Thompson, Harcourts and Bayleys on our Auctions/Sales Results page.

Results of Major Barfoot & Thompson Auctions: Week ending 16 October*

Venue  Number offered Sold under the hammer Passed in  Clearance rate
Manukau Sports Bowl 11.10.2016 23 10 13  44%
34 Shortland St, CBD 12.10.2016 34 18 16 53%
Bruce Mason Centre, North Shore 13.10.2016 32 11 21 34%
Shortland St, CBD 13.10.2016 11 5 6 45%
Shortland St CBD 14.10.2016 19 9 6 60%

"These results do not include properties auctioned on site or results from Barfoot's smaller auctions.

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4 Comments

Wow - North Shore auction clearance only 34% Guess those foreign buyers are really starting to come off the boil, well that is until they go looking for loans from the shadow banking world. Last time we saw such poor auction results was due to last years IRD regulations that locked them out for a few months.

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Hi can you show me an article/stats backing up your claim? Thanks

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I think they have just migrated to other regions like Wellington

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Barefoot & Thompson's auction approval rates range from 34% to 60% previous week... homes to auction but sell three quarters of them at previous week's auctions, Kindly Visit http://www.theessayservice.com/pay-less-for-brilliant-homework

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