Barfoot & Thompson's weekly auction activity volume seems to be settling around the mid-200s after peaking in late February.
Auckland's biggest real estate agency handled 226 auction properties last week (March 6-12), down slightly from 235 the previous week, and well down from 318 the week before that.
It was the lowest number of auction properties the agency has handled in the last four weeks, however the sales rate at 72% was the highest it has been in the last four weeks.
Around the districts (apart from Northland where just two properties were auctioned), the sales rate was highest for properties in Rodney where it was 79%, and lowest on the North Shore at 67% (see table below).
Both the number of properties being auctioned by Barfoot & Thompson and the sales rates being achieved remain significantly higher than they were in the equivalent week of last year (March 7-13), when the agency auctioned 175 properties and the sales rate was 54%.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz and the results achieved, are available on our Residential Auction Results page.
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