New Zealand Auction Results
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New Zealand this week from 12 October to 18 October has 285 auction properties
43%
Clearance rate
285
Auction schedule
96
Sold out
119
Passed in
Auction result collected222
Median sales price$1,027,100
Sold Average rate$1,162,528
This week, activity in New Zealand's real estate auction market increased, but the clearance rate declined.
A total of 285 properties went to auction this week, with results collected for 222 properties. Among them, 96 were successfully auctioned, 119 failed to sell, and the clearance rate fell to 43%. Compared to last week, the number of auctioned properties increased by 70 (approximately 32.6%); the number of successful auctions grew by 8 (approximately 9.1%); however, the clearance rate dropped by 5 percentage points, indicating increased market uncertainty.
Regional performance varied significantly, particularly in Auckland Central and Auckland North Shore, where notable changes were observed:
Auckland Central's clearance rate fell by 6 percentage points to 39%;
Auckland North Shore's clearance rate dropped by 8 percentage points to 46%.
Additionally, the clearance rate on Waiheke Island significantly increased to 100%, highlighting the impact of a limited sample size. Clearance rates in Auckland West and Auckland South rose slightly, showing stable market performance.
In terms of prices, the mainstream transaction price range this week was between $1 million and $1.5 million, with 24 transactions, making up the largest proportion.
The highest transaction price this week was for a property at 19 Albury Avenue in Epsom, reaching $5.661 million.
The median price of sold homes this week slightly increased to $1,027,100, and the average price rose to $1,162,528, reflecting an increased proportion of high-priced property transactions, suggesting a market shift towards mid- to high-end properties. (Data for reference only)
A total of 285 properties went to auction this week, with results collected for 222 properties. Among them, 96 were successfully auctioned, 119 failed to sell, and the clearance rate fell to 43%. Compared to last week, the number of auctioned properties increased by 70 (approximately 32.6%); the number of successful auctions grew by 8 (approximately 9.1%); however, the clearance rate dropped by 5 percentage points, indicating increased market uncertainty.
Regional performance varied significantly, particularly in Auckland Central and Auckland North Shore, where notable changes were observed:
Auckland Central's clearance rate fell by 6 percentage points to 39%;
Auckland North Shore's clearance rate dropped by 8 percentage points to 46%.
Additionally, the clearance rate on Waiheke Island significantly increased to 100%, highlighting the impact of a limited sample size. Clearance rates in Auckland West and Auckland South rose slightly, showing stable market performance.
In terms of prices, the mainstream transaction price range this week was between $1 million and $1.5 million, with 24 transactions, making up the largest proportion.
The highest transaction price this week was for a property at 19 Albury Avenue in Epsom, reaching $5.661 million.
The median price of sold homes this week slightly increased to $1,027,100, and the average price rose to $1,162,528, reflecting an increased proportion of high-priced property transactions, suggesting a market shift towards mid- to high-end properties. (Data for reference only)