New Zealand Auction Results
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New Zealand this week from 16 August to 22 August has 210 auction properties
51%
Clearance rate
210
Auction schedule
83
Sold out
77
Passed in
Auction result collected162
Median sales price$1,273,500
Sold Average rate$1,434,599
This week, New Zealand's real estate auction market has shown active trends, with a significant increase in both the number of properties and the clearance rate.
This week, a total of 210 properties were up for auction, with results collected for 162 properties. Of these, 83 were successfully auctioned, and 77 were passed in, resulting in a clearance rate of 51%. Compared to last week, the number of properties at auction increased by 34 (approximately 19.3%); the number of successful auctions rose by 33 (an increase of approximately 66%); and the clearance rate improved by 10 percentage points, indicating a notable rise in market activity.
Performance varied by region, with noticeable improvements in the clearance rates of both Auckland Central and Auckland South:
- The clearance rate in Auckland Central increased by 18 percentage points, reaching 54%;
- The clearance rate in Auckland South saw a sharp rise of 23 percentage points, reaching 50%;
- On Waiheke Island, the clearance rate reached 100% this week, which was particularly outstanding.
Clearance rates in Auckland North Shore and Auckland East slightly decreased, with a decrease of 3 percentage points and an increase of 2 percentage points respectively, while Auckland West showed a significant decline, with the clearance rate dropping by 13 percentage points to 43%. Overall, despite declines in some areas, the market remains active, particularly noting the improvement in the Central and South regions.
In terms of prices, the mainstream transaction range this week was between $500,000 and $1,000,000, with 23 properties sold, making up the largest proportion. The highest sale price this week was for a property at 10 London Street in Saint Marys Bay, reaching $7,005,000. The median sale price for this week rose to $1,273,500, and the average sale price increased to $1,434,599, reflecting a growing preference for mid to high-priced properties. Overall, the proportion of high-priced property transactions has increased, with demand more concentrated on mid to high-end properties. (Data is for reference only)
This week, a total of 210 properties were up for auction, with results collected for 162 properties. Of these, 83 were successfully auctioned, and 77 were passed in, resulting in a clearance rate of 51%. Compared to last week, the number of properties at auction increased by 34 (approximately 19.3%); the number of successful auctions rose by 33 (an increase of approximately 66%); and the clearance rate improved by 10 percentage points, indicating a notable rise in market activity.
Performance varied by region, with noticeable improvements in the clearance rates of both Auckland Central and Auckland South:
- The clearance rate in Auckland Central increased by 18 percentage points, reaching 54%;
- The clearance rate in Auckland South saw a sharp rise of 23 percentage points, reaching 50%;
- On Waiheke Island, the clearance rate reached 100% this week, which was particularly outstanding.
Clearance rates in Auckland North Shore and Auckland East slightly decreased, with a decrease of 3 percentage points and an increase of 2 percentage points respectively, while Auckland West showed a significant decline, with the clearance rate dropping by 13 percentage points to 43%. Overall, despite declines in some areas, the market remains active, particularly noting the improvement in the Central and South regions.
In terms of prices, the mainstream transaction range this week was between $500,000 and $1,000,000, with 23 properties sold, making up the largest proportion. The highest sale price this week was for a property at 10 London Street in Saint Marys Bay, reaching $7,005,000. The median sale price for this week rose to $1,273,500, and the average sale price increased to $1,434,599, reflecting a growing preference for mid to high-priced properties. Overall, the proportion of high-priced property transactions has increased, with demand more concentrated on mid to high-end properties. (Data is for reference only)