There was not much on offer at Bayleys' auctions in the week after Easter but buyers were still active and the sales rate was healthy

There was not much on offer at Bayleys' auctions in the week after Easter but buyers were still active and the sales rate was healthy

Bayleys' auction rooms were a lot quieter in the week after Easter, with just a handful of properties going under the hammer, although the sales rate was almost 60%.

At Bayleys' Auckland auctions just eight properties were on offer and four were sold, with one being withdrawn and the other three passed in for sale by negotiation.

At the Hamilton auction just one house and three lifestyle properties were offered with sales achieved on the house and two of the lifestyle properties.

At the Tauranga auction two of the four properties scheduled for auction were sold prior to the event and the other two were passed and there was a single auction sale at Havelock North.

The lowest price achieved at Bayleys' auctions last week was for a five bedroom house on an 1117 square metre section in the Cambridge suburb of Leamington which went for $780,000, while the most expensive sale was a three bedroom villa in Parnell (pictured) that fetched $3.75 million.

Details of the individual properties' auctioned are available on our Residential Auction Results page.

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This is unusual, an auction results article without any comments.
I must point out that the property stated as "pictured" is neither a villa nor the one that sold for $3.75 million.

The villa that sold for $3.75 million got a truly epic price. It appears to be a four bedroom and not a three bedroom though it is advertised as three bedroom.

https://nz.hougarden.com/en/4-avon-street-parnell-auckland-city-auckland...

Location, high quality and four bedrooms will fetch a high price in Auckland.

No matter Zachary – just refer back to any previous auction results article – the “comments” will have been exactly the same.

The reason that there are few comments is that this item (& the previous item) deal with relatively good auction clearance rates.

The DGM (doom & gloom merchants) that roost here prefer to ignore such good outcomes.

In contrast, when there are poor outcomes, the DGM come out in force. They yearn for evidence of weakness in the housing market. In fact, many of them would like to see the housing market (particularly in Auckland) crash. That the housing market hasn’t (and won’t) do that is a thorn in their sides.

TTP

I was a little disappointed to see a lack of comments. These articles always provide some good banter which makes for some wonderful light reading on my commute.

It says just 8 are up for auction. and 4 are under the hammer.

Does it excite you if the next auction says "1 is up for auction and under the hammer with an overall sales of 100%, properties are gaining its momentum"?

Auction is no longer the way to sell every house on the market. The sample size and the particular houses that are being pushed at auction will distort the sales figures.