There were slightly fewer properties marketed and sold through Barfoot & Thompson's auction rooms last week, but activity was broadly within recent trends.
The agency marketed 72 residential properties for sale by auction in the week from 19-25 August, compared to 80 the previous week.
Of those, 24 were sold under the hammer, with six sold prior to their auctions and four sold immediately after their auctions, taking total sales to 34, giving a sales rate of 47%.
The two biggest auctions of the week were the Manukau auction where 26 properties were scheduled for auction and 10 (38%) were sold, and the Shortland Street auction on August 21, where 15 properties from central Auckland suburbs such as Greenlane, Mission Bay, Parnell, the CBD, Epsom, Grey Lynn, Ponsonby and Mt Eden were offered and eight were sold, giving a sales rate of 53%.
However, activity was more subdued at the usually busy North Shore auction where just eight properties were offered and sales were achieved on three.
Activity is likely to remain around current levels for the last week of winter, however new listing data due out at the end of the month will be an important pointer as to how the market is shaping up as it heads into spring.
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| Barfoot & Thompson Residential Auction Results 19-25 August 2019 | |||||||||
| Date | Venue | Sold | Sold Post | Sold Prior | Not Sold | Posptoned | Withdrawn | Total | % Sold |
| 19-25 August | On-site | 3 | 2 | 1 | 6 | 50% | |||
| 20 August | Manukau | 4 | 2 | 4 | 13 | 1 | 2 | 26 | 38% |
| 20 August | Shortland St | 6 | 1 | 1 | 8 | 88% | |||
| 21 August | Whangarei | 1 | 1 | 0 | |||||
| 21 August | Shortland St | 7 | 1 | 7 | 15 | 53% | |||
| 21 August | Pukekohe | 2 | 2 | 0 | |||||
| 22 August | North Shore | 3 | 4 | 1 | 8 | 38% | |||
| 22 August | Shortland St | 1 | 1 | 1 | 3 | 100% | |||
| 23 August | Shortland St | 3 | 3 | 0 | |||||
| Total | All venues | 24 | 4 | 6 | 33 | 2 | 3 | 72 | 47% |
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