Auction numbers remained low but sales rates were creeping up at Barfoot & Thompson’s latest auctions

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Barfoot & Thompson auction numbers remain at their winter lows but the real estate agency achieved sales on 43% of the properties at its latest auctions.

The high point of the week was the Shortland Street auction on August 21, where 10 properties were marketed, mostly from central Auckland suburbs such as Epsom, Mt Roskill, Blockhouse Bay and a couple from the western suburbs, with sales achieved on seven out of the 10.

Sales rates of 50% or more were also achieved at the Shortland Street auctions on August 22 and 23 and at the Pukekohe auction, and just under half were sold at the North Shore auction.

Sales were slower at the Whangarei auction where just one of the six properties was sold, while only three auctions were scheduled to be conducted on site last week, with one property having its auction date postponed and the other two being passed in for sale by negotiation (see table below).

There was a good spread of prices with a large chunk of the properties selling in the lower to mid-price range.

Individual results with details of all the properties offered are available on our Residential Auction Results page.

Barfoot & Thompson Auction Results 20-26 August 2018
DateVenueSoldNot soldTotal % Sold
20-26 AugustOn site0330
21 AugustManukau8152335%
21 AugustShortland St, CBD.731070%
22 AugustWhangarei15617%
22 AugustPukekohe43757%
22 AugustShortland St, CBD551050%
23 AugustNorth Shore891747%
23 AugustShortland St, CBD.33650%
24 AugustShortland St, CBD.36933%
TotalAll venues39529143%
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