Auction rooms are quieter but sales ratios are holding up as winter takes hold of the property market

Auction numbers were feeling the winter chill but sales rates held their own at Barfoot & Thompson's latest residential property auctions.

The agency had 120 properties scheduled for auction last week and achieved sales on 47 of them, giving an overall sales clearance rate of 39%.

At the main auctions where 10 or more properties were offered, sales rates ranged from 26% at the North Shore auction to 55% at the Shortland Street auction on 27 June, where most of the properties offered were from central Auckland or central-fringe suburbs such as Kohimarama, Remuera, Sandringham and Onehunga.

A notable result was Pukekohe, where just six properties were offered but four of them were sold, giving a clearance rate of two thirds.

The table below summarises the auctions, while details of the individual properties auctioned and the prices achieved on most of those that sold are available on our Residential Auction Results page.

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