Sales rates lower at Bayleys' latest Auckland auctions, higher down the line

This two bedroom home unit in Blenheim sold for $306,000.

Things were a bit livelier at Bayleys’ auctions outside Auckland last week, with the Auckland auctions a bit more subdued.

In Auckland Bayleys marketed 34 residential properties for sale by auction last week and achieved sales on 11 of them (32%).

Most of the remainder were passed in for sale by negotiation, although two had their auctions postponed and one was withdrawn from sale.

At Bayleys’ Hamilton auction, a mix of 10 rural and urban properties were offered with under the hammer sales achieved on four of them, giving an overall clearance rate of 40%.

At the Marlborough auction four properties were offered and two sold under the hammer, giving a 50% clearance rate.

We also have the auction results for Eves Real Estate in Tauranga, which auctioned 21 properties last week and achieved sales on 11 of them, giving a clearance rate of 52%.

The results from all of those auctions, with photos and details of all the properties offered and the prices achieved on those that sold, are available on our Residential Auction Results page.

If you are interested in commercial property, check out our Commercial Property Sales page.

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