Auction rooms remained extremely busy in the final week of March, with 531 residential properties around the country on offer at the residential property auctions monitored by interest.co.nz in the week of 22-28 March.
That was the third highest number of properties offered at auction so far this year, with the record being set in the last week of February when 601 properties were offered.
The sales rate has remained remarkably stable over the peak summer selling season, with 191 properties selling under the hammer at the latest auctions, giving an overall sales rate of 36%.
That follows four weeks in a row where it was 37%.
Similarly, prices appear relatively stable, with 39% of the properties that sold over the last week achieving prices that met or exceeded their rating valuation, unchanged from the previous week.
Over the last four weeks that price/RV ratio has stayed within the narrow range of 36% to 40%.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of those that sold, are available on our Residential Auction Results page.
5 Comments
Flat, flat and a touch more flat.
With a slight tilt to the downside
Looks like the auckland buyers are anticipating something interesting to happen in about 40 days..
What happens then, for those who aren't monitoring the daily real estate pulse? Central government Budget? CV release for Auckland? ZZ Top playing Spark Arena?
The market always slows over winter in Auckland, if some cohort of the overhang "has" to sell, it could get interesting. If developers sitting on townhouses cannot rent them?
I have previously said, and I repeat, that the last column of these tables is useless without knowing the year (and month) of the RV. It would be easy to add that extra column. If you cannot do this for copyright reasons because the tables are not actually constructed by interest.co, then add another one-column table immediately alongside, or if that is not possible then immediately below. It would only have to be constructed once but it needs to be repeated .
Without this information, the data in relation to RV is useless
KeithW
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