There is less activity in the auction rooms as the property market prepares for hibernation over the winter months.
Barfoot & Thompson marketed 104 residential properties for sale by auction in the last week of autumn and achieved sales on 29 of those, giving an overall sales rate of 28%.
At the major auctions where at least 10 properties were offered, the highest sales rate was at the North Shore auctions with 31%.
At the Shortland Street auction on 29 May, where most of the properties offered were from upmarket central Auckland suburbs such as Remuera, Parnell, Mission Bay, Glendowie, Epsom, Ponsonby and Mt Eden, the sales rate was 26% and at the Manukau auction where properties from throughout southern and eastern suburbs such as Flat Bush, Botany Downs, Beachlands, Manurewa and and Papatoetoe were offered, the sales rate was 24% (see the table below for the full results).
Details of the individual properties offered and the prices achieved for most of those that sold are available on our Residential Auction Results page.
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|Date||Venue||Sold||Not Sold||Total||% Sold|
|28 May||Shortland St, CBD.||2||2||4||50%|
|29 May||Shortland St, CBD.||9||26||35||26%|
|30 May||North Shore||8||18||26||31%|
|30 May||Shortland St, CBD.||0||2||2||0|
|31 May||Shortland St, CBD.||1||3||4||25%|
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