Auction scorecard: Townhouse and villa on top with $2.5m each

A four-bedroom villa in Grey Lynn and a family townhouse in Kohimarama achieved the highest sale prices in Auckland's auction results last week.

Both properties sold under the hammer for $2.5 million, in what proved to be a subdued week in Auckland's auction rooms.

15 Grosvenor Street, Grey Lynn, was marketed for sale as “a gorgeous traditional bay-villa with modern features”. The layout included a two-storey living area at the rear and a self-contained wing on the ground floor.

The property had a section size of 481sqm and a 2017 CV of $2,575,000.

Barfoot and Thompson sales agent Georgie Wright, who marketed the property with Julie Fitzpatrick said: "There was a lot of interest in the lead up to the auction, and the buyer who ended up securing the property was prepared to make an unconditional offer."

The 421sqm property at 53A Rawhitiroa Road, in Kohimarama, was marketed for sale Barfoot and Thompson sales agents Cheryl Woodward and Veronica Schoonraad and offered a 247sqm modern townhouse with four bedrooms and three bathrooms.

The property, which has a CV of $2,025,000, last sold in May 2018, for $2,350,000.

Next to 53A Rawhitiroa Road and 15 Grosvenor Street, the properties achieving the highest sale prices at auction between October 5 and October 12 were: 12A Koraha Street, Remuera, which was marketed by Barfoot and Thompson sales agents Frances Li and Ian Thornhill and sold for $2,426,000; 105 Ngapuhi Road, Remuera, which was marketed by Bayleys sales agents Robert Ashton and Natasha Robinson and sold for $2,300,000; and 6 Evesham Avenue, Glendowie, which was marketed by Barfoot and Thompson sales agent Kelly Midwood and sold for $1,970,000.

A total of 95 properties sold under the hammer, according to figures supplied to OneRoof, with the clearance rate dropping from 36 percent the previous week to 32 percent.

The area with the highest clearance rate was Auckland Central, at 41 percent. Rodney had the next highest clearance rate, at 33 percent, followed by the North Shore (31 percent) and Waitakere (28 percent).

Forty-nine percent of properties sold under the hammer for between $500,000 and $1 million, while 29 percent recorded sale prices in the $1 million to $1.5 million bracket and ten percent were in the $1.5 million to $2 million bracket. Only four properties (five percent) broke the $2 million mark, while six properties (seven percent) sold for less than $500,000.

The median price was up from $917,500 the week before, to $940,000.