The analysis of New Zealand's major real estate agencies for the week of 14th to 20th April 2025 reveals key insights into their auction performances. The data from Settle.nz focuses on auction volume and success rates, helping to identify standout performances among the leading agencies.
Bayleys emerged as a significant performer, recording the highest success rate of 41.5% among the top five agencies with more than ten auctions. This achievement is notable considering the competitive landscape of New Zealand's real estate market.
Ray White led in auction volume with 117 auctions but had a success rate of 35.0%. This volume indicates Ray White's extensive engagement in the market, although their success rate was slightly lower than Bayleys and Barfoot & Thompson.
Barfoot & Thompson, with 73 auctions, posted a success rate of 35.6%, placing them just ahead of Ray White in terms of successful outcomes. Harcourts conducted 68 auctions with a success rate of 32.4%, showing a moderate level of success in their auction activities.
Sotheby's had the lowest success rate of 15.0% among the agencies analysed, despite conducting 20 auctions. This figure highlights a challenge in converting auctions into successful sales for Sotheby's during this period.
In summary, Bayleys stands out for its highest success rate among the top auction agencies, while Ray White leads in auction volume. The data provides a snapshot of the varying performances of these agencies in the auction market for the specified week.
Agency Performance (2025-04-14 to 2025-04-20)
| Agency | Total Auctions | Success Rate |
|---|---|---|
| Ray White | 117 | 35.0% |
| Barfoot & Thompson | 73 | 35.6% |
| Harcourts | 68 | 32.4% |
| Bayleys | 65 | 41.5% |
| Sotheby's | 20 | 15.0% |
| Lodge | 11 | 18.2% |
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.