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Only a third of the units offered sold under the hammer at this week's major Auckland apartment auctions

Property
Only a third of the units offered sold under the hammer at this week's major Auckland apartment auctions

The Auckland apartment market remains in the more subdued mood that has been evident recently, with a smaller than usual selection on offer at the major auctions this week and only a third overall selling under the hammer.

At City Sales' regular apartment auction, two apartments were offered for sale but both were passed in for sale by negotiation.

At Barfoot & Thompson's apartment auction the following day four apartments were offered but only one sold under the hammer and the other three were passed in.

Two of the apartments offered at the Barfoot auction, including a large 140 square metre apartment on Hobson St in the CBD, which had three bedrooms and two car parks, did not attract any bids. 

And just up the road, at Ray White City Apartments' regular auction, five apartments were offered, with three selling under the hammer and two being passed in for sale by negotiation.

You can see the results from all three auctions with details of which properties sold and which didn't and the selling prices achieved, on our Auction/Sales Results page.

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3 Comments

The subject has been also covered here and confirms the shift in sentiment:
https://www.facebook.com/Newlandburling

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Whoring for clickthroughs again? Pay for advertising like a big boy.

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Lets hope this is further sign the market is coming to its senses ............

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