Barfoot & Thompson had a sales clearance rate of 40% at their auctions last week, which probably wasn’t a bad result considering how quiet the market has been.
Overall the agency marketed 132 homes for sale by auction and achieved sales on 52 of them by 5pm the following day, with the remaining 80 being either passed in for sale by negotiation, or withdrawn from sale or had their auction dates postponed.
The highest sales rate for the week was achieved at the on-site auctions where 80% were sold, followed by the Whangarei auction which had a 60% success rate and the Shortland St auction on 27 June, which mainly featured homes from Remuera, Ellerslie, Mt Albert, Mt Wellington and surrounding suburbs, where more than half were sold.
The North Shore auctions on June 29 had a clearance rate of exactly one third.
The full results with the prices achieved on individual properties are available on our Residential Auction Results page.
|Venue/Date||Sold*||Not sold*||Total||% sold|
|On site. 26 June – 2 July.||4||1||5||80%|
|Shortland St, CBD. 27 June.||5||4||9||56%|
|Manukau. 27 June.||7||22||29||24%|
|Shortland St, CBD. 28 June.||19||21||40||48%|
|Whangarei. 28 June.||3||2||5||60%|
|Pukekohe. 28 June.||3||4||7||43%|
|Shortland St, CBD. 29 June.||1||2||3||33%|
|North Shore. 29 June.||7||14||21||33%|
|Shortland St, CBD. 30 June.||3||10||13||23%|
|*Sold includes properties sold under the hammer or by 5pm the following day. Not sold includes properties remaining unsold by 5pm the day after the auction, plus properties marketed for auction but that were withdrawn from sale or had their auction date postponed.|