Barfoot & Thompson sold just under half of their auction properties last week, marketing 87 properties for auction and achieving sales on 40 of them, giving a clearance rate of 46%.
The stand out success was at the agency's Shortland Street auction rooms on 27 September, where 15 properties had been scheduled for auction, with one selling prior to the event and unconditional sales achieved on another 11, giving a clearance rate of 80%.
The properties offered were mostly in central Auckland suburbs such as St Heliers, Parnell, Epsom, Mt Eden and Kingsland, where the market has remained reasonably resilient during the recent downturn in sales throughout the rest of the Auckland region.
The lowest clearance rates of the major auctions Barfoot conducted last week were at Manukau and Pukekohe, which both had sales clearance rates of 25%.
The full results with the prices achieved on the properties that sold are available on our Residential Auction Results page.
If you are interested in commercial property, check out our new Commercial Property Sales page.
|Date||Venue||Sold*||Not sold*||Total||% Sold|
|25 Sept - 1 October||On site||1||4||5||20%|
|26 September||Shortland St, CBD.||2||-||2||100%|
|27 September||Mortgagee/High Court||2||1||3||67%|
|27 September||Shortland St, CBD||12||3||15||80%|
|28 September||Shortland St, CBD.||4||1||5||20%|
|28 September||North Shore||9||15||24||37%|
|29 September||Shortland St, CBD||5||7||12||42%|
|*Sold includes properties sold under the hammer or by 5pm the following day. Not sold includes properties that were passed in and remained unsold by 5pm the following day, plus properties that were withdrawn from sale or had their auction date postponed.|