Harcourts latest auction results show homes more likely to sell under the hammer in Christchurch and Wellington, less so in Auckland and Hamilton

Harcourts latest auction results show homes more likely to sell under the hammer in Christchurch and Wellington, less so in Auckland and Hamilton
This house at Avalon in Lower Hutt sold for $415,000

There were big regional differences in the number of homes sold at Harcourts' auctions last week, with the auction rooms setting a scorching pace in Christchurch and the lower North Island putting in a solid performance, but more properties being passed in at the Auckland auctions.

In Christchurch where Harcourts is easily the largest player in the residential property market, the agency took 63 properties to auction last week, achieving a clearance rate (the percentage of properties sold at auction) of 73%.

 There was also reasonable auction activity at Harcourts' offices in the lower North Island, mainly in the Wellington region and Manawatu, where the overall clearance rate was 64%.

However in Auckland the clearance rate was 54%, and in Hamilton it was 33%.

In Auckland the cheapest price achieved at auction was $710,000 for a house at Papatoetoe and the most expensive was a house at St Heliers that went for just over $3.5 million.

In Hamilton prices started at $435,000, a Taupo house sold for $370,000, and in Wellington prices started at $415,000 for a house at Avalon in Lower Hutt.

In Christchurch prices ranged from $231,000 for a Burwood property to $2.385 million for one in Fendalton.

The results of Harcourts auctions in Auckland, Hamilton, Manawatu, Wellington and Christchurch are available on our Auctions/Sales Results page, with details and photos of all properties offered, including those that didn't sell.

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