Auction numbers continued to track slowly downwards at Barfoot & Thompson's auction rooms last week.
The agency marketed 69 residential properties for sale by auction in the week from July 15-21, compared to 70 the previous week and 72 the week before that.
Sales were also slightly lower with 23 properties changing hands, giving an overall clearance rate of 33% compared to 37% the previous week and 39% the week before that.
Of the 23 that sold, 14 were sold under the hammer, four were sold in negotiations immediately after the auction and five were sold prior to their auction.
Only one property was withdrawn from sale and four had their auction dates postponed (see chart below).
At the major auctions where at least 10 properties were offered the sales rate ranged from 25% at the North Shore auction to 40% at the Shortland St auction on July 17, where the properties on offer were mostly from central Auckland suburbs such as Epsom, Mission Bay, Mt Eden, Ponsonby and Glendowie.
At the big Manukau auction the sales rate was 27%.
Details of the individual properties offered are available on our Residential Auction Results page.
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|Barfoot & Thompson Residential Auction Results 15-21 July 2019|
|Date||Venue||Sold||Sold Post||Sold Prior||Not Sold||Withdrawn||Postponed||Total||% Sold|
|16 July||Shortland St, CBD.||1||4||5||20%|
|17 July||Shortland St, CBD.||4||2||6||3||15||40%|
|18 July||North Shore||1||2||8||1||12||25%|
|18 July||Shortland St, CBD.||2||2||1||5||80%|
|19 July||Shortland St, CBD.||1||4||5||20%|
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