Auction sales eased back last week suggesting the peak summer season is drawing to a close

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Barfoot & Thompson’s auction numbers and sales rate dropped back slightly in the last week of what is usually the busiest month of the year.

The agency marketed 155 properties for sale by auction in the week from 25 to 31 March, compared to 174 in the previous week and 161 in the week before that.

That suggests sales could already be starting to wind down as the peak summer selling season comes to an end and we head into autumn.

The sales ratio was also lower with sales achieved on 35 of the auction properties, giving an overall clearance rate of 23%.

That compares with a sales rate of 29% in the previous two weeks.

At Barfoot’s major auctions where at least 10 properties were offered, the highest sales rate of 30% was at the Shortland St auction on March 26 where most of the properties offered were from a mix of central and west Auckland suburbs such as Grey Lynn, Avondale, Mt Albert and Ranui, while the lowest sales rate at the major auctions was also at Shortland, on March 28, where most of the properties offered were from central Auckland suburbs such as Remuera, Mission bay, One Tree Hill, St Heliers, and Onehunga and the sales rate was 8% (see chart below for the full results).

Details of individual properties offered and the outcome of their auctions are available on our Residential Auction Results page.

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Barfoot & Thompson Auction Results 25-31 March 2019
DateVenueSoldNot SoldTotal% Sold
25-31 MarchOn-site391225%
26 MarchManukau6202623%
26 MarchShortland St, CBD.371030%
27 MarchShortland St, CBD.11304127%
27 MarchPukekohe25729%
28 MarchNorth Shore6232921%
28 MarchKerikeri011
28 MarchShortland St, CBD.111128
29 MarchShortland St, CBD.3141718%
TotalAll venues3512015523%

 

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