Activity remained elevated in Barfoot & Thompson's auction rooms in the last week of February, although the numbers dipped slightly from the previous week.
The agency marketed 170 residential properties for sale by auction in the week from February 24 to March 1, which was down slightly from the 187 properties the previous week.
Sales were achieved on 95 properties at last week's auctions giving an overall sales rate of 56% which was also down from 65% the previous week.
The sales rates tended to be higher at the big auctions where more than a dozen properties were offered and lower at most of the smaller auctions, with 68% sold at the Manukau auction and 71% sold at the Shortland Street auction on February 28 where all of the properties offered were from Auckland's western suburbs.
Going against the trend the overall sales rate was 45% at the big North Shore auctions (see table below).
Details of the individual properties offered and the results achieved are available on our Residential Auction Results page.
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|Barfoot & Thompson Residential Auction Results|
|24 February - 1 March 2020|
|Date||Venue||Sold||Sold Post||Sold Prior||Not Sold||Postponed||Withdrawn||Total||% Sold|
|24 Feb-1 Mar||On-site||4||2||4||1||11||55%|