Sales were achieved on a quarter of the properties at Barfoot & Thompson's auction last week.
The agency, which is the largest in Auckland, marketed 91 properties for sale by auction last week (6-12 May), and achieved sales on 24 of them, giving an overall sales rate of 26%.
At the major auctions where at least 10 properties were offered, the sales rates ranged from 45% at the Manukau auction, where the properties offered were from Auckland's southern and eastern suburbs, to 18% at the North Shore auction.
There were mixed results at from the auctions at the agency's head office in Shortland Street, with the sale rates ranging from 40% at the auction on May 7, where the properties offered were from central/west suburbs such as Blockhouse Bay, Mt Roskill and New Lynn, to 22% at the auction on May 10, where the properties offered were mainly from west Auckland suburbs such as Henderson, Glen Eden and West Harbour. (See table below for the results from all of Barfoot's auctions last week).
Details of the individual properties offered are available from our Residential Auction Results page.
|Date||Venue||Sold||Not sold||Total||% Sold|
|7 May||Shortland St, CBD.||2||3||5||40%|
|8 May||Shortland St, CBD.||3||7||10||30%|
|9 May||North Shore||4||18||22||18%|
|9 May||Shortland St, CBD.||0||1||1||-|
|10 May||Shortland St, CBD.||2||7||9||22%|