The number of homes sold under the hammer at Barfoot & Thompson's major residential property auctions last week ranged from just over a third for North Shore homes auctioned at the Bruce Mason centre, to 60% of the homes auctioned at Barfoot's head office Shortland Street auction rooms on Friday (see chart below).
Unusually, all but one of the homes sold under the hammer at Barfoot's main North Shore auction last week went for less than $1 million.
Out at the Manukau auction, prices ranged from $545,000 for a three bedroom house with a double garage at Clendon Park to $1.692 million for a house at Maraetai.
In the CBD auction rooms on Shortland St, home units remained popular with a three bedroom brick and tile unit in Mt Eden selling for $874,000 and another two bedroom unit in Sandringham fetching $675,000.
You can see the latest results from most of the major auctions conducted by Barfoot & Thompson, Harcourts and Bayleys on our Auctions/Sales Results page.
| Venue | Number offered | Sold under the hammer | Passed in | Clearance rate |
| Manukau Sports Bowl 11.10.2016 | 23 | 10 | 13 | 44% |
| 34 Shortland St, CBD 12.10.2016 | 34 | 18 | 16 | 53% |
| Bruce Mason Centre, North Shore 13.10.2016 | 32 | 11 | 21 | 34% |
| Shortland St, CBD 13.10.2016 | 11 | 5 | 6 | 45% |
| Shortland St CBD 14.10.2016 | 19 | 9 | 6 | 60% |
"These results do not include properties auctioned on site or results from Barfoot's smaller auctions.
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.
4 Comments
Wow - North Shore auction clearance only 34% Guess those foreign buyers are really starting to come off the boil, well that is until they go looking for loans from the shadow banking world. Last time we saw such poor auction results was due to last years IRD regulations that locked them out for a few months.
Barefoot & Thompson's auction approval rates range from 34% to 60% previous week... homes to auction but sell three quarters of them at previous week's auctions, Kindly Visit http://www.theessayservice.com/pay-less-for-brilliant-homework
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.