Latest auction results: Barfoot's apartment auction a fizzer but keen bidding at Ray White City Apartments' and Bayleys' first auctions of the year

Auckland's apartment market got off to a quiet start to the year when no one turned up to Barfoot & Thompson's apartment auction at the firm's head office building in Auckland's CBD this week.

Two apartments were on offer, both situated in the same building in Dockside Lane just off Quay St in the CBD.

Both were one bedroom apartments and one also had a car park.

Both were on leasehold titles.

But with no potential buyers in the room and none on the phones, the auction did not proceed.

At Ray White City Apartments' first auction for the year just one apartment was on offer, a 56 square metre, two bedroom/two bathroom unit on a leasehold title with a car park in The Landings building near the historic former Central Railway Station off Beach Rd.

There was strong bidding for this unit from several hopeful buyers before it was eventually sold under the hammer for $141,700.

The Landings has suffered from weather tightness and other structural issues which have now been remediated and according to QV.co.nz the vendors had paid $300,000  for the unit in 2005.

They would also have faced substantial costs as their share of the weather tightness repairs.

There was also strong bidding for the only property offered at Bayleys first auction of the year at their Viaduct Harbour rooms.

The two level, four bedroom house in the holiday hot spot of Hahei on the Coromandel was sold under the hammer for $1.816 million.

It will probably be another couple of weeks before the auctions get back into full swing.

Full details of the latest auctions are available on our Auctions/Sales Results page.

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