Ray White offices across Christchurch have celebrated yet another stellar week of under the hammer sales (pictured above) as the auction property market remained red-hot for sellers.
No less than seven properties sold via their auction campaigns – six under the hammer and one selling prior – for a combined total value of $3,522,000.
“There seems to be no let-up at all in the engagement and activity between bidders and buyers at the moment,” Ray White New Zealand South Island Regional Manager Jane Meyer said.
“One of the really interesting trends we’ve seen this week is the strength of interest across all price points. We saw properties ranging from $275,000 to $1,350,000 sell, and that shows you that all price brackets are responding well to auction as the method of sale.”
The standout auction came courtesy of Ray White Metro Salesperson Rebecca Toone as she sold 11 Peel Street (pictured above) in Strowan for $1,350,000.
“The Christchurch property market is booming with low interest rates, the rebuild of the city well underway, and the perceived safety of New Zealand as a whole,” Ms Toone said.
“The campaign attracted 68 groups through and that translated into three registered buyers on the day. The winning bidders will now relocate back to Christchurch from Auckland.”
Elsewhere, 1 Kestrel Place in Woolston sold for $422,000, Upper Riccarton’s 12 Hillary Crescent sold for $400,000, 6 Sophora Place in Parklands sold for $300,000, and finally, 5/589 Barbadoes Street in St Albans sold for $275,000.