Overall sales rate of 48% but results varied widely depending on location at Barfoot & Thompson's latest auctions

Auckland’s largest real estate agency sold just under half of the properties it marketed for sale by auction last week.

Barfoot & Thompson marketed 85 residential properties for sale by auction and achieved sales on 41 of them, giving an overall sales clearance rate of 48%.

The biggest auction was on the North Shore where 26 properties were scheduled for auction and 14 were sold, giving a clearance rate of 54%.

At Barfoot’s head office in Shortland Street in the CBD, 18 properties were offered on February 7, most of them in central Auckland suburbs such as Mt Albert, Mt Eden, Ellerslie and Glendowie, and 10 were sold, giving an overall clearance rate of 56%.

However properties in west Auckland are selling less readily. At Barfoot’s auction on 9 February, where most of the homes offered were in suburbs such as Massey, Titirangi and Glen Eden, only three of the 13 properties were sold, giving a clearance rate of just 23%.

Things were also a bit weaker at Barfoot’s city auction on 8 February, where most of the properties in suburbs such as Onehunga, Lynfield, and Avondale were passed in.

Details of all the properties offered are available on our Residential Auction Results page.

Barfoot & Thompson Auction Results: 5-11 February 2018
Date Venue Sold Not Sold Total % Sold
5-11 February On site 5 3 8 63%
5 February Mt Albert 1 0 1 100%
7 February Mortgagee/High Court 1 0 1 100%
7 February Shortland St, CBD. 10 8 18 56%
7 February Pukekohe 2 1 3 67%
8 February North Shore 14 12 26 54%
8 February Shortland St, CBD. 5 10 15 33%
9 February Shortland St, CBD. 3 10 13 23%
Total All venues 41 44 85 48%

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