The start of this month – September – recognised the start of Spring and the auction activity, as with past recent weeks, showed there is a spring in the steps of buyers who recognise that the real estate market price level has settled and that the next three months are vital to focusing on requirements for the new year, be that for schooling requirements , size of home or lifestyle. Our Eastern Beaches area offers buyers quality real estate options and quality buying real estate assets.
Again, it was our pleasure to welcome a pleasing attendance to the Headsail room of the Bucklands Beach Yacht Club, the home of Ray White Auctions. Those attending included people who had registered bidding interest, those who had expressed conditional buying interest and obviously those who came along to see what is selling and for what price to give an idea of what is happening very currently in the real estate market.
The portfolio included quality properties across our residential areas of Pakuranga, Half Moon Bay, Cockle Bay, Shamrock Park, Huntington Park plus Mt Wellington and Waiuku.
It was so pleasing to see vendors achieving excellent sale results that allowed them to move on to enjoy their current requirements and buyers delighted to have the opportunity to buy quality properties, or, vendors finding a very accurate buyer driven price indication.
It was also evident that being able to place properties “on the market “ to sell “under the hammer” was the key factor in vendors being rewarded with further bidding and achieving the pleasing final prices.
It was also notable that the properties that were brought forward from their designated auction date, due to unconditional offers presented to vendors and accepted subject being submitted to auction, attracted additional positive buyer interest resulting in excited bidding competition.
Highlights throughout the evening:
Likewise, we continue to work with the balance of the portfolio, which while attracted buying interest, were not able to register to bid on an unconditional basis , so we continue to work with these interests to secure a sale that is satisfactory to our vendors.
So, after three weeks of marketing, extremely pleasing, positive, response to the three weeks of marketing. A market confidence result, however, it needs to be acknowledged that the sales provided buyers with an opportunity to buy quality real estate assets knowing that while having to competitively bid/ buy to be the “winner” they were bidding/buying property that was also the first choice for a number of other buyers.
The excellent prices achieved confirmed our ability to maximise price for our vendors, however, to achieve such results, buyer interest, working with our mortgage broker partners, bidding registrations and actual competitive bidding are the components to achieving great results.
Auction Services Manager