Ray White McPherson Group have released their Christchurch auction results for the period of April 2011 to the end of June 2011. The results are based on a six week period from the time the property was first marketed for sale by way of auction. The results show that 66.6% of properties marketed during the period have been successfully sold within the six week timeframe, with 24% of property still available and actively on the market.
Vanessa Golightly, sales manager of Ray White Metro, said that the results were particularly encouraging given the uncertainty of the marketplace. “We have found that our auctions have been able to give vendors a high degree of certainty and has also allowed the properties to be presented to the buyers in a positive way. There have been a number of properties that have sold under the hammer and these include properties at Shannon Place, Gregory Avenue and Charlcotte Street. These properties had competitive bidding and this demonstrates how active the market is in some areas of Christchurch.”
The results by Ray White Metro are consistent with the broader Ray White Group in Christchurch, where properties marketed by auction have been highly successful.
Tony McPherson, head of the McPherson Group, said that “Auction is proving to be the best form of marketing in the current conditions; it gives both buyer and seller a high degree of certainty and this is reflected in our results.”
For further information regarding auction marketing with Ray White Metro please contact Vanessa Golightly on vanessa.golightly@raywhite.com.
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