Bayleys' auctions were surprisingly buoyant in the week before Easter, with 45 properties marketed for auction in the upper North Island and sales achieved on 22 of them.
That meant Bayleys' overall sales clearance rate was just a single sale away from hitting the 50% mark last week.
Bayleys' Hamilton auctions led the way, with 10 properties on offer and sales on eight of them, giving a sales rate of 80%.
In Auckland 21 properties were offered and sales were achieved on 11, giving an overall sales rate of 48%, in Tauranga two of the seven properties offered were sold and at the Matamata auction one of the three properties was sold.
At the Auckland auctions prices ranged from $926,700 for a four bedroom, brick and tile house at Dannemora, which was the only property at the Auckland auctions to sell for less than $1 million, to $6.2 million for a five bedroom house on a 1540 square metre section at Greenlane.
At the Hamilton auction prices started at $440,000 for a refurbished, three bedroom villa at Pipiroa not far from Thames, to $3.25 million for a 49 hectare dairy unit at Tirau.
At the Tauranga auction a three bedroom house on a lifestyle block at Pahoia fetched $935,000, while an apartment at Mt Maunganui went for $1.225,000, and in Matamata a four bedroom house on one hectare of land sold for $520,000.
The full results, with photos and details of all the properties and the prices achieved on individual properties are available on our Residential Auction Results page.
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29 Comments
Jacinda and Clark's home has just sold to a quote "nice kiwi family".
As an endorsement for Auckland property, a few commentators originally salivated over their Sandringham purchase and decided both were accumulating Auckland real estate and becoming Landlords. Its now obvious they're not!
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=120…
This Government has set out to increase the supply of affordable owner occupied houses for NZ families. Why would our very own Prime Minister want to be seen contributing to New Zealand's low home ownership rate!
Ex Expat, good news in support of our Governments mission might not bring solace to your household but it does to others. You're coming across as just another bitter member of the Coalition of Whingers who whines day in and day out about present Government and policy. Be thankful for what you have. It distasteful that while these are prosperous times for you in particular, all you can do is moan.
Will your teenager be taking up the first year free tertiary?
Zachary, I think it was you that previously commented that if they were to let or sell that it would have extra appeal being the ex home of a PM. It's not an endorsement of the health of the wider Auckland market so it's not a time to pop corks - lol!
I have corrected the "loving" in my comment to "nice" as it appears so have the Herald!
Have you seen this Zachary?
http://www.nzsothebysrealty.com/purchasing/property/BSA10988/39-bassett…
The predominantly red room next to the snooker table room. I'd call it a smoking room. Imagine a fine cigar, a glass of brandy, sitting next to a roaring fire, away from the ladies. Needs some hunting trophies on the wall though.
There does seem to have been a lot of high value properties on the market recently. They are selling too.
I think the red room is really scary...just not my cup of tea.
Yes...so many high end listings...have you seen this one too?
https://www.trademe.co.nz/Browse/Listing.aspx?id=1586878050&rsqid=49c44…
47 sold properties added to the auction results since my last "analysis" about a week ago.
65.078M in sales
2017 RV of 62.065M
2014 RV of 42.995M.
That's 4.85% above 2017 RV and 51.36% above 2014 RV.
A pretty strong result for properties that actually did sell. No sign of a downturn yet in these results. More sales and higher values by the looks of it.
One property I didn't include was a mortgagee sale of a ten acre block beyond Waiuku.
331 Gleeson Road sold for 622k, had a 2017 RV of 790k and a 2014 RV of 600k. Mortgagee sales are a disastrous way to sell a place. You never want to let the situation get that bad if at all possible.
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