Ray White Whangarei and Tutukaka has scheduled 392 auctions in the past 12 months, with the average days on market for auction properties sitting at 36, compared to 49 for private treaty.
Ray White data shows, in 2022, Ray White New Zealand auctions have fetched an average sale price 10.5 per cent higher than the highest offer prior.
“As agents, our job is to get our clients the best buyer, not the first buyer,” Mr Sykes said.
“Auction marketing of property allows sales consultants to deal with both conditional and unconditional buyers throughout the duration of the campaign, thereby not discounting any possible potential interest.
“In the current climate auctions are a great way of achieving a fair understanding of the market’s price point, and an opportunity to secure an unconditional sale early in the marketing – one that won’t fall over on conditions.
“Despite the changing market, auctions continue to be one of the strongest methods of sale – bringing the maximum number of buyers and sellers together to achieve clients the best price, in the quickest possible time.”
