Barfoot & Thompson achieved an overall sales rate of 36% at their auctions last week.
The company, which is by far the largest real estate agency in Auckland, marketed 235 properties for sale by auction last week and sold 85 of them either under the hammer or by 5pm the day after the auction.
The remaining 150 either had their auction dates postponed, remained on the market for sale by negotiation, or were withdrawn from sale.
A common feature at residential auctions in Auckland over the last few weeks has been the increasing number of properties that are being withdrawn from sale either just before or just after they go to auction, often because the level of buyer interest has not met the vendor's expectations.
Highlights of Barfoot's Auckland auctions were a two bedroom home unit in Papatoetoe that sold for $530,000, and another in the same suburb that went for $580,000. A three bedroom unit in Panmure fetched $582,500.
A 110 square metre, two bedroom unit in New Lynn that was described in its marketing material as being "more like a spacious two bedroom house than a standard unit," went for $615,000.
The results of Barfoot's auctions last week, with the prices achieved on individual properties and details of those that didn't sell, are available on our Auction Results page.
| Venue | Sold* | Not sold* | Total |
| On site | 9 | 9 | 18 |
| Manukau | 11 | 25 | 36 |
| Shortland St, 14 March | 11 | 16 | 27 |
| Whangarei | 0 | 1 | 1 |
| Shortland St, 15 March | 19 | 28 | 47 |
| Pukekohe | 2 | 2 | 4 |
| North Shore | 20 | 33 | 53 |
| Kerikeri | 1 | 4 | 5 |
| Shortland St, 16 March | 8 | 12 | 20 |
| Waiuku | 0 | 3 | 3 |
| Shortland St, 17 March. | 4 | 17 | 21 |
| Total | 85 | 150 | 235 |
| *Sold includes properties that were sold under the hammer or by 5pm the day after the auction. Not sold includes properties that remained unsold after 5pm on the day after the auction, plus properties that were scheduled for auction but had their auction postponed or were withdrawn from sale. | |||
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