Barfoot & Thompson started what is usually the busiest month of the year for residential real estate sales, with some interesting auction numbers.
The agency handled 235 auction properties in the first week of March (February 27 - March 5), which was down from 318 the previous week but up from the 195 properties it auctioned in the equivalent week (February 29 - March 6) of last year.
Sales were achieved on exactly two thirds of the properties last week, up slightly from the 64% sales rate the previous week and significantly ahead of the 56% sales rate in the equivalent week of 2020.
Across the Auckland region, Barfoot's auction sales rates ranged from 52% for North Shore properties to 88% for Franklin properties (see the table below for the full district breakdown).
With just slightly more than 200 properties on the Orders of Sale for this week's auctions, it appears that Barfoot's auction numbers may have peaked at the beginning of February this year, rather than in March, although they remain well ahead of where they were a year ago.
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