There was a flurry of activity in Barfoot & Thompson’s auction rooms last week with the agency putting nearly 250 residential properties up for auction.
Of the 248 properties Barfoots marketed for sale by auction, sales were achieved on 80 of them, giving a sales clearance rate just a smidgen short of a third.
The biggest auction of the week was at Barfoot’s Shortland Street rooms on October 17 where 63 properties were offered, mostly from central Auckland suburbs such as Kohimarama, Glendowie, Epsom, and Mt Eden. Sales were achieved on 18 of them, giving an overall sales rate of 29%.
The auctions at Manukau (48 properties) and North Shore (51 properties) were also whoppers, and they had respective sales rates of 29% and 35% – see the table below for the full auction break down.
Barfoot’s Pukekohe office also had a particularly busy auction last week, with 11 properties marketed for auction and sales achieved on five, giving a clearance rate of 45%.
Of the 51 sales where the selling price could be matched with a rating valuation (RV), 31 sold for more than their RV, 18 sold for less than their RV and two sold for the same as their RV.
Details of the properties offered and the selling prices for most of the properties that sold are available on our Residential Auction Results page.
|Date||Venue||Sold||Not Sold||Total||% Sold|
|16 October||B&T, Shortland St, CBD.||4||13||17||24%|
|17 Cctober||B&T Mortgagee/Court||1||1||2||50%|
|17 October||B&T Shortland St, CBD||18||45||63||29%|
|18 October||North Shore||18||33||51||35%|
|18 October||B&T Shortland St||9||16||25||36%|
|19 October||B&T Shortland St||9||14||23||39%|