Bayleys sold two thirds of the homes at their Auckland auctions in the last week and 57% of the homes auctioned in Hamilton.
In Auckland 24 homes were marketed for auction over the last week of which 16 were sold and eight passed in for sale by negotiation.
Highlights included a Remuera house that sold for $3.65 million, and another in Parnell that went for $3.5 million.
At the Hamilton auctions, prices ranged from $475,000 for a house at Nawton (pictured), to $1.8 million for a large house overlooking the Waikato Rover at Tamahere.
See below for the full results of Bayleys auctions in Auckland and Hamilton, with details and photos of all properties, including those that didn't sell.
Hamilton Auctions:
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9 Comments
Greg, why are you no longer quoting the sales statistics of what actually sold under the hammer at auction?
You were quoting the actual under hammer sales last year but no longer. Why are you including the after auction sales now?
This is misleading to anyone who has been following the auction success rates.
I actually appreciate seeing all the sales figures although it would be good to have a breakdown of sold under the hammer, sold after the auction and passed in figures.
Did anyone go to the B&T Auckland auctions this week? Would be interesting to know the figures on those or even just the vibe.
I'd love to see the sales results for Manurewa. A quick check of TradeMe asking prices in Manurewa reveal that most sellers are wanting more than 60% above CV. The first two I checked were 86-90% above. It looks like people are gouging FHBs here as 500-600K for a stand alone house in Auckland is considered affordable but I guess that is the current market.
Anyone who bought in Manurewa 18 months to two years ago and sold now would make a killing. Who would have thought? Awhile ago now a friend of mine bought a house there for 200K and sold it five years later for 205K.
Where we attend auctions ourselves we record those that were sold and those that were passed in on the day. These are mainly the apartment auctions at City Sales, Ray White and Barfoot. For general housing auctions such as the Bayleys and Harcourts auctions we rely on the agencies sending us the information. Usually it takes a day or two for them to collate it and send it to us, and propertties marked as sold will often include those sold shortly after the auction.
The most interesting sale here is the apartment at 3l/15 Nelson St which has a CV of 90K yet sold for 380K - that's a whopping 322% above CV!
Excluding the Nelson St anomaly the Auckland sales averaged 34.67% above CV.
Excluding the 3M+ houses the Auckland sales averaged 36.61% above CV
Consistent with my other auction calculations.
My sleuthing has found the B&T results for the Manurewa auction last week.
Five properties sold in Manurewa/Papatoetoe for an average of 61% over CV.
Contacts suggest disproportionate number of Indian buyers - could be hearsay.
Another significant ethnic component of the Auckland property market?
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