The sales rate at Barfoot & Thompson's latest auctions topped 40% although the numbers of properties being auctioned remains at winter lows.
Barfoot marketed 83 residential properties for sale by auction last week and achieved sales on 34 of them, giving an overall sales clearance rate of 41%.
Only three auctions had 10 or more properties on offer - the Manukau auction which had a sales rate of exactly a third, the Shortland Street auction on 25 July where properties from a wide mix of locations were offered and sales were achieved on exactly half of them, and the North Shore auction where the sales rate was 39%.
It was a tie for the lowest sales rate between the Whangarei auction and the Shortland Street auction on 27 July, with both achieving sales on 25% of the properties scheduled for sale, while the Shortland Street auction on 24 July took line honours with a sales rate of 71% (see table below for the full results).
Details of all of 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|
|23-29 July||On site||3||4||7||43%|
|24 July||Shortland St, CBD.||5||2||7||71%|
|25 July||Shortland St, CBD.||6||6||12||50%|
|26 July||Shortland St, CBD.||3||3||6||50%|
|26 July||North Shore||7||11||18||39%|
|27 July||Shortland St, CBD.||2||6||8||25%|
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