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.
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