Barfoot & Thompson's auction numbers now higher than last year with two thirds selling under the hammer
By Greg Ninness
Barfoot & Thompson's auction rooms are now busier than they were at the same time last year.
The real estate agency, which is the biggest in the Auckland market, handled 230 residential property auctions in the week prior to Labour Weekend (16-22 October).
That compares to 219 in the equivalent week of last year (17-23 October 2020).
The sales rate was also higher this year, with 157 properties selling under the hammer at last week's auctions giving an overall sales rate of 68%, compared to the overall sales rate of 62% in the same week a year ago.
The latest sales results would suggest a buoyant market at any time, but the fact that they were achieved under Level 3 pandemic restrictions suggests the summer selling season is off to a particularly strong start in Auckland this year.
Auction numbers were high for properties in all of Auckland's seven sub-districts, with the sales rates ranging from 45% in Papakura to 87% in Waitakere (see the table below for the district results).
Details of the individual properties auctioned and the results achieved are available on Interest.co.nz's Residential Auction Results page.
This story was originally published on Interest.co.nz and has been republished here with permission.