Less than a third sold under the hammer at the main Auckland apartment auctions

This 75 sqm leasehold apartment in the Scene Two building on Beach Rd sold for $201,000.

Things were a bit quieter at the main Auckland apartment auctions this week, with less than a third of the properties on offer selling under the hammer.

First off the blocks was City Sales where three apartments were offered. The first was a two bedroom shoebox (37 square metres) in the Harvard building on Hobson St, which received multiple bids but none that was enough to clinch a deal and it was passed in with a highest bid of $342,500. Next was a two bedroom unit (48 square metres) in Eden Terrace, which as passed in after receiving a single bid of $460,000.

That left a three bedroom unit with two bathrooms, wrap around decks and a car park in the Peaks building opposite Sky City on Victoria St West.

With 134 square metres of floor space, it was definitely at the upper end of the market and it sold under the hammer for $1.14 million.

Barfoot & Thompson had a full line up of six units at its regular apartment auction, of which two were sold under the hammer, one had its auction date postponed and the remaining three were passed in for sale by negotiation.

At Ray White City Apartments, seven apartments were offered but only two were sold under the hammer, which was one of the lowest clearance rates they’ve had for some time.

So overall, 16 apartments were marketed for auction, of which five were sold under the hammer, one was postponed and nine were passed in for sale by negotiation.

The full results of all three auctions, with the prices achieved on the apartments that sold, are available on our Auction Results page.

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