Auction numbers were low but the sales rate almost hit the 50% mark at Harcourts' latest auctions

The auction sales rate nudged 50% at the country’s largest real estate agency’s latest weekly auctions, although the number of homes being sold by auction remains low.

Harcourts marketed 77 residential properties throughout the country for sale by auction and achieved sales on 37 of them, giving a sales clearance rate of 48%.

Most of the auctioned properties were in Auckland and Christchurch, with 26 properties marketed for sale by auction in Auckland and sales achieved on 14 of them (54%).

In Christchurch sales were achieved on 16 (47%) of the 34 auctioned properties.

Prices at the Auckland auctions ranged from $680,000 for a four bedroom house at Browns Bay, to $2,125,000 for a five bedroom house at Takapuna.

In Christchurch prices ranged from  $232,000 for a redevelopment property sold “as is” in St Albans, to $2,075,000 for a renovated, waterfront house at Sumner.

Photos and prices of the individual properties are available on the Residential Auction Results page (except the results of Waikato auctions, which we were unable to publish due to a technical hitch).

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