Auction rooms appear to be settling into winter mode, with a sharp reduction in the number of homes being auctioned compared to a few weeks ago. But the percentage of auctioned homes being sold, either at the auction itself or within a day after the auction, is settling down at around 50%, slightly up on where that has been since Christmas.
That suggests it is the more saleable properties that are being brought to auction, as buyers continue to be a bit more cautious with their bidding.
The latest agency to report their weekly auction results is Bayleys, which marketed 27 properties for sale by auction in Auckland, Hamilton and Matamata last week.
Of those, 14 were sold, giving a sales clearance rate of 52%.
Highlights of the Auckland auctions included a spacious one bedroom character apartment in the Art Deco Brooklyn building opposite Emily Place Park in the CBD that went for $461,000, a three bedroom cedar house on a 1000 square metre site at Muriwai Beach (pictured) that fetched $965,000, and a 9620 square metre lifestyle block with two houses on it at Dairy Flat that sold for $1.3 million.
At the Hamilton auction, four of the six properties offered were sold, including a 1950s-era house in Morrinsville that went for $420,000.
Two houses were offered at the Matamata auction but both were passed in.
You can see the results from all three auctions, with photos and details of all the properties offered including those that didn’t sell, on our Auction Results page.
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