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Only one Auckland home sells for less than $500,000 at Harcourts auctions, with North Shore house selling for $4.6m

Property
Only one Auckland home sells for less than $500,000 at Harcourts auctions, with North Shore house selling for $4.6m

Harcourts marketed 157 homes for auction throughout the country in the week ending September 27, resulting in 86 sales, giving a nationwide clearance rate of 55%.

In the Auckland region the cheapest home sold was a house at Arkles Bay on the Whangaparaoa Peninsula (pictured) which fetched $390,000 and was the only home in the Auckland region that sold for less than $500,000.

The next cheapest sale was a three bedroom home unit in Papakura which sold for $537,000.

At the other end of the price scale, 23 Auckland homes sold for more than $1 million and the most expensive sale of the week was a house at Narrow Neck on the North Shore which went for $4.6 million.

In Hamilton prices started at $308,000 for a house at Maeroa, in Taupo the cheapest sale was a house in the suburb of Hilltop that sold for $295,000,  and in the Manawatu prices started at $256,000 for a house at Hokowhitu in Palmerston North.

In Wellington the cheapest sale of the week was a house at Paremata that sold for $393,000 and in Christchurch the cheapest was a house in Shirley that sold for $280,000.

See below for the full results of Harcourts auctions from around the country:

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5 Comments

Did you include the withdrawn and postponed properties in your calculations Greg?

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Only those properties presented at auction are included. We remove those that are withdrawn or postponed. To the commentor who inquired about VBs (vendor bids): my apologies, I accidentally deleted your comment when I meant to reply to it, and we are unable to retrieve it. But to answer your question, we do not include those lots where the highest bid was a vendor bid in the 'sold' category, they are classified as passed in.

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Thanks for your reply Greg. I think to accurately calculate auction results, the postponed and withdrawn numbers should be included. The only reason an agent pulls these last minute listings is due to a complete lack of buyer interest. Consequently they are a reflection of a "no bid" in reality.

Soon we may see withdrawn and postponed regularly at all auctions which will reduce the benefit of disclosing success ratios under the hammer.

We come to this web site to seek the most accurate and prompt local data available - and generally this site performs better than any other NZ web site which I am aware of. I realise you may have an "in-house" policy regarding this matter but perhaps it is worth reviewing.

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Thanks, we'll keep an eye on it.

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first property in first screenshot, 4 Ardagh pl, sold at auction to a kiwi couple for 1.5 mil, not 1 mil. i was there. qv was 1 mil.

i wonder what else was incorrect in those figures...

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