Barfoot & Thompson achieved an overall sales rate of 29% at the agency’s residential auctions last week, but there were large variations between the results at different venues.
At the agency’s Manukau auction where most of the properties offered were from the southern and eastern suburbs, the sales rate was 44%, while a 43% sales rate was achieved for properties auctioned on-site.
At the big North Shore auction just a tad under a third of properties were sold with a sales rate of 32%, but sales rates tended to be lower at the Shortland Street auctions in the CBD, where most of the properties offered tended to be from Auckland’s central and western suburbs.
At the Shortland St auction on February 21, where there was a mix of properties offered from suburbs such as Hillsborough, Remuera, Newmarket, St Heliers, Ranui, Epsom, and Kumeu, only two of the 12 properties were sold, giving a clearance rate of 17%, and the same result was achieved when another 12 properties from west Auckland were offered the following day.
Prices ranged from $360,000 for a two bedroom unit in Takanini that was a mortgagee sale, to $2.5 million for a four bedroom house with an attached two bedroom unit in Epsom.
The individual results and these and other auctions are available on our Residential Auction Results page.
|Date||Venue||Sold||Not sold||Total||% Sold|
|19 February||Shortland St, CBD.||2||6||8||25%|
|20 February||Shortland St, CBD.||5||25||30||17%|
|21 February||North Shore||14||30||44||32%|
|21 February||Shortland St, CBD.||2||10||12||17%|
|22 February||Shortland St. CBD.||2||10||12||17%|
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