Auction numbers remained at a low level in Barfoot & Thompson's auction rooms last week although the sales rate perked up a bit.
The agency marketed 72 residential properties for auction last week (July 1-7), down from 85 the week before.
But there was a higher sales ratio, with sales achieved on 28 properties, giving a sales rate of 39% compared to 27% the previous week.
At the main auctions where at least 10 properties were offered, the sales rates ranged from 27% at the North Shore auction, to 36% at both the Manukau auction and the Shortland St auction on July 3, where most of the properties offered were from central Auckland suburbs such as Glendowie, St Heliers, One Tree Hill, Epsom and Mt Eden.
On-site auctions also continue to perform comparatively well, although none of the five properties at the Pukekohe auction was sold (see the table below for the full results).
Details of all of the properties offered are available on our Residential Auction Results page.
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|Barfoot & Thompson Auction Results 1-7 July 2019|
|Date||Venue||Sold||Sold Prior||Sold Post||Not Sold||Postponed||Withdrawn||Total||% Sold|
|2-Jul||Shortland St, CBD||2||1||3||1||7||43%|
|3-Jul||Shortland St, CBD||5||1||7||1||14||36%|
|4-Jul||Shortland St, CBD||1||1||100%|
|5-Jul||Shortland St, CBD||1||2||3||33%|
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