The residential real estate market continues to drift sideways with Barfoot & Thompson selling 42% of the properties at auctions last week.
At the larger auctions the sales clearance rates ranged from 27% at the Manukau auction to 78% at the auction at Barfoot's Shortland Street rooms in the CBD on 5 October, where most of the properties offered were from central Auckland suburbs such as Greenlane, Royal Oak, and One Tree Hill.
At the North Shore auctions the sales clearance rate was 55% (see chart below).
Prices ranged from $286,000 for a three bedroom bungalow in Whangarei to $2.41 million for a brand new five bedroom/four bathroom house in Epsom.
The prices achieved for the individual properties that sold are available on our Residential Auction Results page.
If you are interested in commercial property check out our Commercial Property Sales page.
|Date||Location||Sold*||Not sold*||Total||% Sold|
|3 October||Shortland St, CBD.||5||10||15||33%|
|4 October||St Heliers||1||0||1||100%|
|4 October||Shortland St, CBD||8||13||21||38%|
|5 October||North Shore||11||9||20||55%|
|5 October||Shortland St, CBD.||7||2||9||78%|
|6 October||Shortland St, CBD.||7||10||17||41%|
|7 October||On site||2||3||5||40%|
|*Sold means sold unconditionally either under the hammer or by 5pm the following day. Not sold includes properties that remained unsold by 5pm the following day plus properties that were withdrawn or postponed.|