Most auctioned properties are being passed in and opened up to offers from conditional buyers

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There was an increase in the number of residential properties Barfoot & Thompson auctioned last week but the sales rate was almost unchanged from the week before.

The agency marketed 172 residential properties for sale by auction last week (8-14 April), up from 154 the previous week, and achieved sales on 39 (23%) of them, almost unchanged from the 22% that were sold the previous week.

Most of the unsold properties were passed in for sale by negotiation, which would usually make them available for offers from conditional buyers, although a few were withdrawn from sale or had their auction date postponed.

Of the major auctions where at least 10 properties were offered, the highest sales rate was at the Manukau auction where properties from south Auckland and Manukau’s eastern suburbs were offered and the sales rate was 29%, while the Shortland St auction on April 12 where most of the properties offered were from west Auckland, and the North Shore and on-site auctions, all had sales rates of 19%.

There were no sales at a couple of the smaller auctions, at Kerikeri and the Shortland St auction on April 9, where the properties offered were from central fringe and west Auckland suburbs.

So auction sales remain subdued and over the last couple of weeks Barfoot’s overall auction sales rate appears to have settled at just under a quarter.

See the table below for the full results, while details of individual properties offered and the prices achieved are available on our Residential Auction Results page.

Barfoot & Thompson Auction Results 8-14 April 2019
DateVenueSoldNot SoldTotal% Sold
8-14 AprilOn-site5212619%
9 AprilManukau7172429%
9 AprilShortland St, CBD.055
10 AprilMortgagee/Court22450%
10 AprilShortland St, CBD.10273727%
10 AprilPukekohe14520%
11 AprilNorth Shore8354319%
11 AprilKerikeri044
11 AprilShortland St, CBD.35838%
12 AprilShortland St, CBD.3131619%
TotalAll venues3913317223%

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