Barfoot & Thompson sold more than half the properties the agency marketed for auction last week, although the total number of properties being auctioned remained low.
Of the 93 properties Barfoot's marketed for sale by auction, 50 were sold under the hammer giving an overall clearance rate of 54%.
The lowest sales rate was at the Pukekohe auction where one of the three properties offered was sold, while a couple of the smaller auctions had sales rates of 100% (see table below).
At the Manukau auction the sales rate was 56% and on the North Shore it was 45%.
All of the auctions held at Barfoot's head office auction room at Shortland Street in the CBD had sales rates above 50%.
Prices ranged from $315,000 for a modern three bedroom house at Hikurangi in Northland to $2.29 million for a two bedroom apartment in Herne Bay, Auckland.
Sales were a bit slower at Bayleys Auckland auctions last week, with just 11 Auckland properties marketed for auction by Bayleys and sales achieved on three of them, giving a clearance rate of 27%.
Things were a bit more buoyant at the Bayleys auctions south of Auckland, with properties in Matamata, Hamilton and Havelock North all going under the hammer and sales achieved on 57% of them.
Prices ranged from $317,000 for a three bedroom house in Matamata to $912,000 for a character house on a six hectare lifestyle block, also at Matamata.
The full results from Bayleys and Barfoot & Thompson's auctions are available on our Residential Auction Results page.
|Date/Location||Sold*||Not Sold*||Total||% Sold|
|4-10 September. On site.||3||3||6||50%|
|5 September. Manukau.||14||11||25||56%|
|5 September. Shortland St, CBD.||6||5||11||55%|
|6 September. Mortgagee/high Court.||1||-||1||100%|
|6 September. Whangarei.||4||-||4||100%|
|6 September. Shortland St, CBD.||9||9||18||50%|
|6 September. Pukekohe.||1||2||3||33%|
|7 September. North Shore.||5||6||11||45%|
|7 September. Shortland St, CBD.||4||4||8||50%|
|8 September. Shortland St, CBD||3||3||6||50%|
|*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sold includes properties that remained unsold by 5pm the following day or that had their auction date postponed or were withdrawn from sale.|