Sales were achieved on a quarter of the properties marketed for sale by auction by Barfoot & Thompson last week.
The agency had marketed 174 properties for sale by auction and achieved sales on 46 of them, giving an overall clearance rate of 26%.
At the larger auctions where at least 10 properties were offered, the sales rates ranged from 18% for the on site auctions, to 36% at the Shortland St auction on October 30, where most of the properties offered were from central/western fringe suburbs such as New Windsor, Green Bay, Blockhouse Bay, Mt Albert, Kelston and Lynfield.
The sales rate was 29% at the big Manukau auction and 32% on the North Shore.
Unusually, the sales rate was down at the Shortland St auction on October 31, where most of the homes offered were in central suburbs such as Kohimarama, One Tree Hill, Glendowie, Remuera, and Mt Eden.
Auctions of properties in those suburbs usually have some of the highest clearance rates but at last week’s auction the sales rate was just 21%.
Details of the individual properties offered are available on our Residential Auction Results page.
|Date||Venue||Sold||Not Sold||Total||% Sold|
|29 Oct – 4 Nov||On site||3||14||17||18%|
|30 October||B&T Shortland St, CBD.||4||7||11||36%|
|31 October||B&T Shortland St, CBD.||7||26||33||21%|
|1 November||North Shore||9||19||28||32%|
|1 November||B&T Shortland St, CBD.||3||12||15||20%|
|2 November||B&T Shortland St, CBD.||6||17||23||26%|