Less than half the auctioned properties were sold at Bayleys' latest auctions

A leasehold apartment in the Scene One building (above) sold for $95,000.

The clearance rate at Bayleys latest auctions dropped below 50%, with less than half the offered properties selling under the hammer.

In the Auckland region Bayleys took 38 homes to auction last week with 17 selling under the hammer or shortly after the auction, giving a clearance rate of 45%.

Notable sales included a 400ha farm at Kaukapkapa that sold for $5 million, a one bedroom unit in Ellerslie that went for $495,000, a modern home on the Herne Bay ridge that fetched $3.075 million, and a leasehold apartment with a car park in the Britomart precinct that sold for $95,000.

In Bayleys’ Hamilton auction rooms, five of the 12 properties offered were sold, giving a clearance rate of 40%.

Prices ranged from $8.85 million for a 134 hectare dairy farm at Morrinsville to $409,500 for two home units at Matamata.

At Bayleys’ Canterbury auction on November 20, six of the 12 properties were sold, giving a clearance rate of 50%.

There are no results from Bayleys in the Bay of Plenty this week.

See below for the full results of all other auctions, with details and photos of all properties, including those that didn’t sell: 

The house at Watson’s Road in harewood (below) sold for $1.56 million.

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