The number of residential auctions handled by Barfoot & Thompson took a slight dip last week, while the sales rate rose slightly.
The agency handled 212 auction properties last week, slightly down from 248 the previous week, but the overall sales rate increased to 72% from 68%.
In the equivalent week of last year (15-21 February) Barfoot auctioned 180 residential properties and the overall sales rate was 67%.
In the major centres of population within the Auckland region the sales rates were fairly consistent, ranging from 72% in Auckland's central suburbs to 76% in Waitakere, while auction numbers remained relatively low in Rodney where the sales rate was 55%.
Where the selling prices of the properties that sold could be matched with the properties' rating valuations, 99% sold for more than their rating valuation.
The table below shows the sales breakdown by district.
Details of the individual properties offered and the results achieved are available on our Residential Auction Results page.
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