100% clearance as Christchurch auctions go 12 for 12

The auction market in Christchurch showed no sign of slowing down for Ray White offices last week as a delightful dozen sales were achieved under the hammer for more than $9.59 million.

It really was a terrific week for sellers in the Garden City with innovative internal data showing a 100 per cent auction day clearance rate for the weekly in-room under the hammer event (above).

Ray White New Zealand Auctioneer Ben East said the property market in Christchurch was remarkable with the competition intensifying between bidders and buyers week-on-week.

“The atmosphere at the in-room is incredible. Generally packed to the rafters, most properties are attracting multiple bidders, and that’s achieving some outstanding outcomes. We’re also seeing a lot of interest from outside the city wanting to purchase,” Mr East said.