Another quiet week in Barfoot & Thompson’s auction rooms

Just a dozen properties a week selling under the hammer at Barfoot & Thompson’s latest auctions

Things were bouncing along the bottom again at Barfoot & Thompson’s latest auctions and it doesn’t look like they’ll get much better next week.

Auckland’s biggest real estate agency marketed just 70 properties for sale by auction in the week from 16-22 July, up from 65 the previous week.

But looking ahead to next week’s Orders of Sale, the numbers are likely to be down around 60 again, dashing any hopes that things might pick up after the end of the school holidays.

Of the 70 properties put on the block at the latest auctions just 12 sold under the hammer, exactly the same number as the previous week.

That edged the overall sales rate down very slightly to 17% from 18%.

Leaving aside the results of auctions where just a couple or such properties were offered, the sales rates around Auckland ranged from zero in Waitakere to 25% in the leafy central suburbs.

The table below shows the district-by-district results.

For details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the prices of those that sold, go to our Residential Auction Results page.

  • You can have articles like this delivered directly to your inbox via our free Property Newsletter. We send it out 3-5 times a week with all of our property-related news, including auction results, interest rate movements and market commentary and analysis. To start receiving them, register here (it’s free) and when approved you can select any of our free email newsletters.

Leave a Comment

Your email address will not be published.