Sales on two thirds of the properties at Barfoot & Thompson's auctions last week - Great Barrier bach sells for $1.56m

Barfoot & Thompson's auction room activity continues to gather pace, with the agency handling 248 residential auctions last week (6-12 February), which was exactly double the 124 properties it auctioned in the equivalent week of last year (8-14 February 2020).

Sales were achieved on just over two thirds of the auctioned properties last week with an overall sales rate of 68%, compared to the sales rate of 57% in the equivalent week of last year.

Ninety eight per cent of the properties that sold went for more than their rating valuations.

Around the main Auckland districts the sales rates ranged from 53% in Rodney to 70% in Central Auckland and the North Shore (see table below for the full district breakdown).

One of the more interesting sales of the week was a two bedroom bach at Medlands Beach on Great Barrier Island (pictured above).

Located about three kilometres south of Claris, it's on a 900 square metre section across the road from the beach and has two sleep outs at the back of the section.

It sold for $1,560,000.

Details of the individual properties offered and the results achieved are available on our Residential Auction Results page.

Barfoot & Thompson's scheduled auctions will be proceeding during the current Level 3 lockdown, but they will be conducted online only.

The comment stream on this article is now closed.

• You can have articles like this delivered directly to you inbox via our free Property Newsletter. We send it out 3-5 times a week with all of our property-related news, including auction results, interest rate movements and market commentary and analysis. To start receiving them, go to our email sign up page, scroll down to option 6 to select the Property Newsletter, enter your email address and hit the Sign Me Up button.