Auction rooms have been exceptionally busy over the last week, 22-28 February, with interest.co.nz monitoring the auctions for 601 residential properties around the country.
The only other time the number of monitored auctions has exceeded 600 in a week over the last two years was in the equivalent week, 24 Feb - 1 March, of last year, when 619 properties were auctioned.
However, that number could still be exceeded in the next few weeks with the peak summer selling season traditionally lasting until the end of March.
Of the 601 properties offered at the latest auctions, 222 sold under the hammer, giving an overall sales rate of 37%, with the sales rate hovering around or just under the 40% mark for the last few weeks.
Of the 222 properties that sold under the hammer, just over a third (34%) sold at prices equal to or above their rating valuations, with the rest selling for prices below rating valuation.
There were particularly strong levels of auction activity in Auckland's central suburbs plus Manukau, and in the Waikato and the Bay of Plenty, while a flurry of activity in Queenstown was dominated by the auction of sections in a subdivision.
The table below shows the latest auction results from around the country, and details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the prices of those that sold, are available on our Residential Auction Results page.
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