The analysis of auction results for the week of 31 March to 6 April 2025 reveals intriguing insights into the performance of major New Zealand real estate agencies. This evaluation focuses on the auction volume and success rate metrics, shedding light on the efficacy of these agencies in the current market.
Harcourts emerges as the standout performer with a notable success rate of 46.3% from 54 auctions. This is the highest success rate among the top agencies, setting Harcourts apart in terms of converting auctions into successful sales. This achievement underscores Harcourts' effectiveness in the current auction environment.
In terms of auction volume, Barfoot & Thompson led the pack with a total of 180 auctions, though their success rate was 31.7%. Ray White followed with 130 auctions and a slightly higher success rate of 32.3%. Bayleys conducted 71 auctions and achieved a success rate of 33.8%, positioning itself ahead of Barfoot & Thompson and Ray White in terms of efficiency.
Property Brokers, with only 13 auctions, reported the lowest success rate of 15.4%. While their auction volume was significantly smaller than other agencies, this low success rate highlights a challenge in their auction strategy for the week.
In summary, Harcourts' impressive success rate highlights its current strength in the market, while Barfoot & Thompson maintained the highest auction volume. This analysis provides a snapshot of agency performance based on auction success, offering a clear view of the competitive landscape during this specific week.
Agency Performance (2025-03-31 to 2025-04-06)
| Agency | Total Auctions | Success Rate |
|---|---|---|
| Barfoot & Thompson | 180 | 31.7% |
| Ray White | 130 | 32.3% |
| Bayleys | 71 | 33.8% |
| Harcourts | 54 | 46.3% |
| Property Brokers | 13 | 15.4% |
| Lodge | 11 | 36.4% |
Note: Success Rate is calculated based on successful auctions reported against the total number of auctions conducted by the agency during the period. Data sourced from settle.nz.