A whopping 31 registered buyers battled it out for just three properties at auction last night (above) as the team at Ray White One Tree Hill sold three houses for a combined NZ$3,980,000.
“The in-room auction was packed to the rafters and the whole evening was nothing short of pure theatre as a hat-trick of outstanding results were achieved for our vendors,” said Ray White New Zealand Lead Auctioneer John Bowring (above).
“The property market is showing absolutely no signs at all of slowing down – momentum is a powerful thing and there’s no doubt things are going from strength to strength.
“Anyone thinking of bringing their property to the market should take a look at the results last night and they should ask themselves, what are you waiting for?”
All three properties were marketed and sold by Ray White One Tree Hill Sales Agents Martin Honey and Ben Bibby and the highlight came at 2 Raven Avenue (above) in Hillsborough as the three-bedroom house sold for NZ$1,630,000 – a massive NZ$400,000 over CV.
“This really was an exceptional result for our vendors as 14 registered buyers competed to drive the sale price way beyond the CV for the property,” Mr Honey said.
“We had 48 groups of buyers through during the open homes and 12 private inspections and a quarter of those were converted into bidders on the night which is an excellent outcome.
“With the competition we create and the buyer pool we have available, there’s never been a better time to sell. Today, we now have 28 cash-ready buyers to add to the hundreds on our database actively looking to purchase their next property.”
Elsewhere, 13A Amaru Road (above) in Onehunga sold for NZ $1,380,000 and 2/69 Paihia Road, also in Onehunga, sold for NZ$970,000 under the hammer.
“We had 10 registered bidders for the Paihia Road home and seven for the Amaru Road house – there seems to be competition for property everywhere we look,” Mr Bibby said.
“Paihia Road in particular was a standout as it attracted a massive 137 groups through the campaign – that gives you an idea of just how active the property market is right now.”