Barfoot and Thompson sold 17% at latest Manukau auction, 34% on the North Shore

Barfoot & Thompson sold almost a third of the properties the agency marketed for auction last week, with 132 properties advertised for sale by auction and sales achieved on 42 of them by 5pm the day after the auction, giving an overall sales clearance rate of 32%.

The lowest sales rate was at the Pukekohe auction  on June 7 where none of the properties was sold, while the highest clearance rate was at the Shortland St auction on 6 June where 80% were sold, although both auctions offered less than half a dozen properties each.

At the bigger auctions the sales rates ranged from 17% at the Manukau auction to 34% on the North Shore (see table below).

The results of individual auctions, with the prices achieved on the properties that sold, are available on our Auctions Results page.

Results of Barfoot & Thompson Auctions: Week ending 9 June 2017

Date/venue Sold* Not sold* Total Sales clearance rate
On site. 4 11 15 27%
6 June. Manukau.  3 12 15 20%
6 June. Shortland St, CBD. 4 1 5 80%
7 June. Whangarei. 3 1 4 75%
7 June. Shortland St, CBD. 9 19 28 32%
7 June. Pukekohe. 0 4 4 0
8 June. Shortland St, CBD. 3 1 4 75%
8 June. North Shore. 13 25 38 34%
8 June. Shortland St, CBD. 2 10 12 17%
9 June. Shortland St, CBD. 1 6 7 14%
Total 42 90 132 32%
*Sold includes properties sold under the hammer or by 5pm the following day. Not sold includes properties that remained unsold by 5pm the day after the auction, and those that were withdrawn from sale or had their auction date postponed.

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