Bayleys' auction rooms were a lot quieter in the week after Easter, with just a handful of properties going under the hammer, although the sales rate was almost 60%.
At Bayleys' Auckland auctions just eight properties were on offer and four were sold, with one being withdrawn and the other three passed in for sale by negotiation.
At the Hamilton auction just one house and three lifestyle properties were offered with sales achieved on the house and two of the lifestyle properties.
At the Tauranga auction two of the four properties scheduled for auction were sold prior to the event and the other two were passed and there was a single auction sale at Havelock North.
The lowest price achieved at Bayleys' auctions last week was for a five bedroom house on an 1117 square metre section in the Cambridge suburb of Leamington which went for $780,000, while the most expensive sale was a three bedroom villa in Parnell (pictured) that fetched $3.75 million.
Details of the individual properties' auctioned are available on our Residential Auction Results page.
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.
6 Comments
This is unusual, an auction results article without any comments.
I must point out that the property stated as "pictured" is neither a villa nor the one that sold for $3.75 million.
The villa that sold for $3.75 million got a truly epic price. It appears to be a four bedroom and not a three bedroom though it is advertised as three bedroom.
https://nz.hougarden.com/en/4-avon-street-parnell-auckland-city-aucklan…
Location, high quality and four bedrooms will fetch a high price in Auckland.
The reason that there are few comments is that this item (& the previous item) deal with relatively good auction clearance rates.
The DGM (doom & gloom merchants) that roost here prefer to ignore such good outcomes.
In contrast, when there are poor outcomes, the DGM come out in force. They yearn for evidence of weakness in the housing market. In fact, many of them would like to see the housing market (particularly in Auckland) crash. That the housing market hasn’t (and won’t) do that is a thorn in their sides.
TTP
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.