More than half of the homes auctioned by Bayleys last week were passed in

This three bedroom house on an 897 square metre section in Hamilton sold for $350,000.

The number of homes sold under the hammer took a sharp dip at last week’s Bayleys’ auctions, with less than half of the Auckland properties auctioned selling on the day and nearly two thirds of the Waikato properties auctioned being passed in.

In Auckland Bayleys auctioned 17 properties in the last week, located from Omaha in the north to Eastern Beach, with eight of those selling under the hammer or shortly after the auction and nine being passed in, giving a clearance rate of 47%.

At Bayleys’ Hamilton office, a particularly large auction was held with a mix of 29 urban and rural properties put on the block.

The auction of one of those was postponed and of the remainder, 10 were sold and 18 were passed in, giving a clearance rate of 36%.

See below for the full details of Bayleys’ auctions last week, with photos of all properties including those that didn’t sell: