Barfoot & Thompson's overall auction sales rate nudged past the 50% mark for the last week of winter, although the number of properties going to auction remained low.
Barfoot's marketed 95 properties for sale by auction last week and sold 50 of them either under the hammer or by 5pm the following day, giving an overall sales clearance rate of 53%.
At the major auctions, sales rates ranged from 46% at the Manukau auction to 69% at the Shortland St auction on 31 August (see chart below).
At the North Shore auction there was a 57% sales clearance rate.
Prices on the properties that sold ranged from $279,000 for an apartment in the CBD to $2.36 million for a house in St Heliers.
The full results with the prices achieved on the properties that sold are available on our Residential Auction Results page.
|Date/location||Sold*||Not sold*||Total||% Sold|
|28 August - 3 September. On site.||0||2||2||0|
|29 August. Manukau.||11||13||24||46%|
|30 August. Mortgagee/High Court auctions.||1||0||1||100%|
|30 August. Shortland St, CBD.||15||11||26||58%|
|30 August. Pukekohe.||2||3||5||40%|
|31 August. North Shore.||8||6||14||57%|
|31 August. Shortland St, CBD.||9||4||13||69%|
|1 September. Shortland St, CBD.||4||6||10||40%|
|*Sold includes properties sold under the hammer or by 5pm the following day. Not sold includes properties that remained unsold by 5pm the following day plus properties that had their auction date postponed or that were withdrawn from sale.|