It was a massive week in Barfoot & Thompson's auction rooms last week with a big jump in the number of properties handled and the sales rate holding firm.
Barfoot's processed 220 residential properties in their auction rooms last week (21-27 September), which was a huge jump from the 134 offered the previous week and more than double the 98 offered the week before that.
And a couple of the auctions were huge by any standard, with 67 properties on offer at the Manukau auction and 49 at the North Shore auction.
Sales were achieved on 146 of the properties offered last week giving an overall sales rate of 66%.
The sales rate has remained remarkably consistent over the last several weeks, coming in at 66% in the week of 14-20 September and 68% the week before that.
The highest sales rate last week was at the on-site auctions, which had a sales rate of 80%.
Excluding the Pukekohe auction where just two properties were offered and none was sold, the lowest sales rate was 58% at the Shortland St auction on September 25, where most of the properties offered were in western or central-west suburbs (see the chart below for the full breakdown).
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|
|21-27 September 2020|
|Date||Venue||Sold||Sold Prior||Sold Post||Not Sold||Total||% Sold|
|22 September||Shortland St||13||8||21||62%|
|23 September||Shortland St||18||8||14||40||65%|
|24 September||North Shore||23||9||17||49||65%|
|24 September||Shortland St||7||1||4||12||67%|
|25 September||Shortland St||10||1||8||19||58%|
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