Sales rates ranged from 17% to 67% at Barfoot & Thompson's latest auctions

Image: Nick Youngson.

Barfoot & Thompson sold just over a third of the properties the agency marketed for sale by auction last week.

Barfoot is the largest real estate agency in the Auckland region and marketed 144 residential properties for sale in its latest auctions, achieving sales on 50 of them (see table below).

The highest success rate was at the Whangarei auction where just six properties were offered, but four were sold either under the hammer or before the auction commenced.

The lowest sales rate was at the Pukekohe auction where just one of the six properties was sold.

Of the major auctions, sales rates ranged from 17.4% at the Manukau auction to 41% at the Shortland St auction on 31 May, where most of the properties on offer were in central Auckland suburbs such as Kohimarama, Remuera, and St Heliers.

The full results with the prices achieved on most of the properties that sold, and details of those that didn’t, are available on our Auction Results page.

Barfoot & Thompson Auction Results: 30 May – 2 June 2017
Venue/Date Sold*  Not sold Total Sales clearance rate 
Shortland St, CBD. 30 May. 7 7 14 50.0%
Manukau. 30 May. 4 19 23 17.4%
Shortland St, CBD. 31 May. 9 13 22 41.0%
Whangarei. 31 May. 4 2 6 66.7%
Shortland St, CBD. 3 9 12 25.0%
Pukekohe. 31 May. 1 5 6 16.7%
North Shore. 1 June. 16 26 42 38.1%
Shortland St, CBD. 1 June. 4 7 11 36.4%
Shortland St, CBD. 2 June. 2 6 8 25.0%
Total 50 94 144 34.7%
*Sold includes properties sold under the hammer or prior to auction or by 5pm the following day. Not sold includes properties marketed for auction but then withdrawn from sale or that had their auction dates postponed.

You can receive all of our property articles automatically by subscribing to our free email Property Newsletter. This will deliver all of our property-related articles, including auction results and interest rate updates, directly to your in-box 3-5 times a week. We don’t share your details with third parties and you can unsubscribe at any time. To subscribe just click on this link, scroll down to “Property email newsletter”and enter your email address.