Residential auction activity continued to increase around the country last week as the market shifts into top gear as it heads towards the end of the year.
Interest.co.nz monitored 457 auctions around New Zealand over the week of 2-8 November, up from 428 the previous week.
Of those, 193 properties were sold under the hammer, giving an overall sales rate of 42%, down very slightly from 44% the previous week.
The sales rate appears to have settled in the low 40% range over the last few weeks.
There are now only six weeks left until the market grinds to a halt for the Christmas/New Year break, so anyone thinking of selling their property this year will need to get it ready for sale and listed in the next week or two, if they want a regular marketing campaign, otherwise they will have to wait until next year.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of those that sold, can be viewed on our Residential Auction Results page.
The table below shows last week's auction results by district.
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| Residential Auction Results | ||||
| at auctions monitored by interest.co.nz | ||||
| 2-8 November 2024 | ||||
| District | Total | Sold | % Sold | % of selling prices above or equal to rating valuation |
| Northland | 14 | 4 | 29% | 67% |
| Auckland Region | 316 | 135 | 43% | 31% |
| -Rodney | 15 | 6 | 40% | 80% |
| -North Shore | 70 | 36 | 51% | 48% |
| -Waitakere | 26 | 13 | 50% | 8% |
| -Central suburbs | 92 | 44 | 48% | 14% |
| -Manukau | 71 | 22 | 31% | 23% |
| -Papakura | 17 | 6 | 35% | 17% |
| -Franklin | 23 | 7 | 30% | 100% |
| -Waiheke Island | 2 | 1 | 50% | 100% |
| Coromandel | 9 | 4 | 44% | 50% |
| Waikato | 15 | 2 | 13% | 100% |
| Bay of Plenty | 27 | 12 | 44% | 92% |
| Gisborne | 7 | 4 | 57% | 50% |
| Taupo | 4 | 3 | 75% | 33% |
| Hawke's Bay | 5 | 2 | 40% | 100% |
| Taranaki | 1 | 0 | 0 | 0 |
| Manawatu | 8 | 1 | 13% | 0 |
| Marlborough | 6 | 2 | 33% | 0 |
| Canterbury | 45 | 24 | 53% | 63% |
| All of Aotearoa | 457 | 193 | 42% | 42% |
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