Auction numbers dwindling but sales rate improving for Bayleys

This five bedroom/two bathroom house at Mangawhai Heads sold for $1.125 million.

It was a very quiet week in Bayleys’ Auckland auction rooms with just 14 properties on offer. But the sales rate was a lot higher than it has been for some time.

Of the 14 properties on offer eight were sold giving a clearance rate of 57%. Four were passed in for sale by negotiation, one had its auction date postponed, and one was withdrawn from sale.

Prices ranged from $875,000 for a two bedroom home unit in Mairangi Bay, to $2.3 million for a four bedroom villa at Cheltenham on the North Shore.

At Bayleys’ Hamilton auction, seven properties were offered ranging from a two bedroom home unit in Hamilton to a 58.7 hectare grazing block with a two bedroom house on it at Miranda.

Two were sold and five were passed in for sale by negotiation.

You can see the full results with photos of all properties and the prices achieved on those that sold, on our Residential Auction Sales page, or our new Rural Sales page, depending on the type of property.

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