Auction activity appears to be picking up in Auckland as we head into summer, with Barfoot & Thompson marketing 183 properties for sale by auction last week, compared with 126 the previous week.
However the sales rate appears to have stayed about the same, with sales achived on 38% of the properties last week compared with 35% the week before.
Barfoot's biggest auction last week was at their Shortland Street auction rooms in the CBD on 1 November, where 43 properties were scheduled for sale, most of them in central Auckland suburbs such as Glendowie and Remuera, and suburbs in west Auckland.
Sales were achieved on 17 of them, giving a sales rate of 40% (see table below).
At the Manukau auction on 31 October, 33 properties were listed for auction and sales achieved on 14, giving a clearance rate of 42% and on the North Shore the sales rate was 36%.
The full results with the prices achieved on individual properties that sold are available on our Residential Auction Results page.
|Date||Location||Sold*||Not sold*||Total||% Sold|
|30 Oct-5 Nov||On site||5||8||13||38%|
|31 October||Shortland St, CBD.||2||8||10||20%|
|1 November||Mortgagee/High Court||2||0||2||100%|
|1 November||Shortland St, CBD.||17||26||43||40%|
|2 November||North Shore||14||25||39||36%|
|2 November||Shortland St, CBD||7||5||12||42%|
|3 November||Shortland St, CBD.||5||16||21||24%|
|*Sold includes properties sold under the hammer or by 5pm the day after the auction. Not sold includes those that remained unsold after 5pm the day of the auction, or that were withdrawn from auction prior to the event or had their auction date postponed.|