Auction numbers and the sales rate both picked up a bit at Barfoot & Thompson's latest residential property auctions.
The agency marketed 101 properties for sale by auction in the week from May 13-19, up from 91 the previous week.
The sales rate was also higher with sales achieved on 35 of the properties, giving an overall clearance rate of 35% compared with 26% the previous week.
However, results at particular auctions continue to be quite volatile.
The Manukau auction, where most of the properties offered were from Auckland's southern and eastern suburbs, had one of the lowest sales rates last week, with sales on just 4 of the 18 properties offered (18%), while the sales rate at the previous week's Manukau auction had been one of the highest at 45%.
Conversely, sales at the North Shore auction hit 39% last week, up from 18% the previous week.
The on-site auctions also stood out last week with a 50% sales rate, compared to a meagre 10% the previous week (see table below for the results from all of Barfoot & Thompson's residential auctions last week).
Details of the individual properties offered are available on our Residential Auction Results page.
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|Date||Venue||Sold||Not Sold||Total||% Sold|
|14 May||Shortland St, CBD.||4||3||7||57%|
|15 May||Shortland St, CBD.||7||12||19||37%|
|16 May||North Shore||9||14||23||39%|
|16 May||Shortland St, CBD.||1||1||2||50%|
|17 May||Shortland St, CBD.||1||5||6||17%|