Ray White auctions in Christchurch continued to prosper last week as a huge 16 reportable properties sold under the hammer at in-room events for more than $11.4 million combined.
According to innovative data from Australasia’s leading property group, Ray White offices had 46 auctions scheduled last week, as Christchurch continued to be a hot-bed of auction activity.
“Auction really is becoming the method of sale of choice in the Garden City as sellers are able to clearly see the outcomes being achieved,” said Ray White New Zealand Auctioneer Ben East.
“Our offices have excellent processes and procedures in place, and sellers who have waited until game-day to sell their property have been rewarded with a sale price that was on average 5.77 per cent more than the highest offer received prior, in the month of April.”
The absolute stand-out sale of the week came courtesy of Ray White Morris & Co Salespeople Justin Hartley and Jordan Reid as they sold 8 Te Haunui Lane(above) in Pegasus for $1.1 million.