Housing selling well at auction in central Auckland suburbs but struggling in Manukau

The auction rooms are starting to crank back up, with Auckland’s largest real estate agency taking 22 properties to auction last week.

Of the 22 properties auctioned by Barfoot & Thompson, nine were sold under the hammer or by 5pm the following day, giving a clearance rate of 41%.

Results varied widely between auctions, with just one of the seven properties offered at the Manukau auction selling by 5pm the following day, continuing a trend that was evident toward the end of last year.

Better results were achieved at the auctions in Barfoot’s Shortland St rooms in the CBD, where most of the properties offered were from central and west  Auckland suburbs (see table below).

The prices achieved on the individual properties that sold and the details of those that didn’t sell, are available on our Auctions/Sales Results page

Results of Barfoot & Thompson Auctions, Week Ending 27 January 2017
Venue Auctioned Sold*  Not sold
25 January, Manukau Sports Bowl 7 1 6
25 January, Shortland St, CBD 9 5 4
27 January, Shortland ST, CBD 6 3 3
Total  22 9 13
*Sold means sold under the hammer at auction or by 5pm the following day.

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