Activity ticked up slightly in Barfoot & Thompson's auction rooms in the first week of spring, but the overall number of properties being auctioned remains at their winter lows.
Barfoots marketed 87 residential properties for sale by auction in the week from 2-8 August, up from 67 the previous week and 72 the week before that.
Of the 87 auction properties, 37 were sold under the hammer, three were sold prior to the commencement of their auctions and two were sold immediately after their auctions, giving a total sales rate of 48%. That's up slightly from 45% the previous week.
The Manukau auction was the busiest of the week with 19 properties on offer and a sales rate of 58%. Things were much quieter at the North Shore auction where just 11 properties were on offer and the sales rate was only 18%.
The on-site auctions were also quieter than usual but some good results were achieved at some of the smaller auctions such as Pukekohe where the sales rate was 60%. See the table below for the full results.
Details of the individual properties offered are available on our residential auction results page.
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|Barfoot & Thompson Residential Auction Results 2- 8 September 2019|
|Date||Venue||Sold||Sold Prior||Sold Post||Not Sold||Postponed||Withdrawn||Total||% Sold|
|3 Sept||Shortland St||6||7||13||46%|
|4 Sept||Shortland St||6||1||4||2||13||54%|
|5 Sept||North Shore||1||1||7||1||1||11||18%|
|5 Sept||Shortland St||2||1||3||67%|
|6 Sept||Shortland St||7||1||4||1||13||62%|
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