New Zealand Auction Results
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New Zealand this week from 19 October to 25 October has 377 auction properties
49%
Clearance rate
377
Auction schedule
158
Sold out
161
Passed in
Auction result collected323
Median sales price$1,155,000
Sold Average rate$1,221,690
The New Zealand real estate auction market performed strongly this week, with a significant increase in the number of listings and clearance rates.
A total of 377 properties were auctioned this week, with results collected for 323 properties, of which 158 were successfully sold and 161 were passed in, resulting in a clearance rate of 49%. Compared to last week, there was an increase of 92 properties (about 32.3%) in the number of auctioned properties this week, the number of successful auctions increased by 62 (up about 64.6%), and the clearance rate improved by 6 percentage points, indicating increased market activity.
Looking at different regions, the performance varied, with Auckland Central seeing the most notable increase in clearance rate:
- The clearance rate in Auckland Central increased from 39% last week to 57%, up by 18 percentage points.
- Auckland East saw its clearance rate rise to 43%, an increase of 7 percentage points year-on-year.
- Auckland West's clearance rate was 39% this week, a decline from last week's 56%, although the situation of properties passed in improved.
- The clearance rates in Auckland North Shore and South remained stable at 46% and 52% respectively.
- The clearance rate in Waiheke Island was 50% this week, a slight decline from last week.
In terms of prices, the main transaction range this week was between $1 million and $1.5 million, with 42 transactions, accounting for the largest share. The highest transaction price was achieved by a property at 47 Ngaroma Road in Epsom, with a price of $3.315 million. The median price of homes sold this week rose to $1,155,000, while the average transaction price increased to $1,221,690, indicating a market shift towards mid-to-high-end properties and increased demand for high-priced properties. (Data for reference only)
A total of 377 properties were auctioned this week, with results collected for 323 properties, of which 158 were successfully sold and 161 were passed in, resulting in a clearance rate of 49%. Compared to last week, there was an increase of 92 properties (about 32.3%) in the number of auctioned properties this week, the number of successful auctions increased by 62 (up about 64.6%), and the clearance rate improved by 6 percentage points, indicating increased market activity.
Looking at different regions, the performance varied, with Auckland Central seeing the most notable increase in clearance rate:
- The clearance rate in Auckland Central increased from 39% last week to 57%, up by 18 percentage points.
- Auckland East saw its clearance rate rise to 43%, an increase of 7 percentage points year-on-year.
- Auckland West's clearance rate was 39% this week, a decline from last week's 56%, although the situation of properties passed in improved.
- The clearance rates in Auckland North Shore and South remained stable at 46% and 52% respectively.
- The clearance rate in Waiheke Island was 50% this week, a slight decline from last week.
In terms of prices, the main transaction range this week was between $1 million and $1.5 million, with 42 transactions, accounting for the largest share. The highest transaction price was achieved by a property at 47 Ngaroma Road in Epsom, with a price of $3.315 million. The median price of homes sold this week rose to $1,155,000, while the average transaction price increased to $1,221,690, indicating a market shift towards mid-to-high-end properties and increased demand for high-priced properties. (Data for reference only)