Barfoot & Thompson's auction rooms were busy last week with more than 200 homes up for auction, with sales achieved on exactly a third of them.
The agency marketed 219 homes for sale by auction, and achieved sales on 72 of them giving an overall sales clearance rate of 33%.
The rest were mostly passed in for sale by negotiation, with a small number that were either withdrawn from sale or had their auction postponed.
At the major auctions where 10 or more properties were offered the sales rates ranged from 21% at the Shortland Street auction on March 9, where most of the properties offered were in west Auckland, to 50% at the same venue the previous day, where most of the properties offered where in central Auckland suburbs.
At the Manukau auction the clearance rate was 23% and at the North Shore auction it was 33%.
The biggest auction of the week was the Shortland Street auction on March 7, where 51 properties were scheduled for auction, mostly from central Auckland suburbs such as Remuera, St Heliers, Meadowbank, Epsom, Mt Eden and St Johns, with sales achieved on 35% of them (see the chart below for the sales rates at all of Barfoot's auctions last week).
The details of all the properties offered and the prices achieved on most of those that sold are available on our Residential Auction Results page.
|Date||Venue||Sold||Not Sold||Total||% Sold|
|5-11 March||On site||7||11||18||39%|
|6 March||Shortland St, CBD||7||11||18||39%|
|7 March||Shortland St, CBD||18||33||51||35%|
|8 March||Shortland St, CBD||0||1||1||0%|
|8 March||North Shore||15||31||46||33%|
|8 March||Shortland St, CBD||7||7||14||50%|
|9 March||Shortland St, CBD||5||19||24||21%|