Barfoot & Thomson achieved sales on half the properties it marketed for sale by auction last week, although the total number of properties being auctioned remains low.
The real estate agency, which is the biggest in Auckland, marketed 81 residential properties for sale by auction last week and achieved sales on 41 of them. That gives an overall sales rate of 51%.
Of the 41 properties that sold, 33 sold under the hammer, five sold prior to their auction and three sold immediately after their auctions.
The notably higher sales rates was evident throughout Barfoot's auction rooms with all of the major auctions achieving sales rates in the 45% to 56% range.
The only outliers were three smaller auctions where just one or two properties were offered and the sales rates were either none sold or 100% sold (see table below).
So although there wasn't a lot to choose from last week, buyers were out and about and were prepared to bid if they found a property that suited them.
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|Barfoot & Thompson Residential Auction Results 9-15 September 2019|
|Date||Venue||Sold||Sold Prior||Sold Post||Not sold||Postponed||Withdrawn||Total||% Sold|
|10 Sept||Shortland St||4||3||1||8||50%|
|11 Sept||Shortland St||13||12||1||26||50%|
|12 Sept||North Shore||6||4||6||1||1||18||56%|
|12 Sept||Shortland St||2||2||0|
|13 Sept||Shortland St||1||1||100%|
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