The top result for the week went to Ray White Waiheke’s Matthew Smith who sold 100 Margaret Reeve Lane, Waiheke Island, under the hammer for $3.86 million with two registered bidders.
The auction with the highest number of registered bidders went to Ray White Howick agents Marie Raos and Cyndy Liu who recorded 14 registered bidders and seven active bidders at their 82 Prince Regent Drive, Half Moon Bay, auction. With Ray White auctioneer Ben East on the gavel, the property sold under the hammer for $1.63 million.
“The property was offered to both home ownership and development as this property is located in popular school zone and close proximity to Half Moon Bay Marina,” Ms Raos said.
“It’s not a big section, 687sqm, but enough space for development, and Prince Regent Drive has seen other developments recently.
“We had 10 developers/investors bidding and four owner occupiers, but developer interest was the strongest and a developer landed the winning bid.”
Ray White Wellington City saw seven properties go under the hammer at their in-room auctions last week with a 71.4 per cent clearance rate.
The top result went to listing agent Ben Stevens who sold 34 Perth Street, Ngaio, under the hammer for $2.06 million with six registered bidders.
Ray White auctioneer Ben East called the auctions and said auctions gave buyers and sellers the confidence they needed.
"In a marketplace where auctions aren’t the norm, both buyers and sellers want to feel confidence,” he said.
“Buyers want to avoid overpaying, and sellers want to ensure they’re not underselling. “Friday’s strong bidder turnout was clear evidence that auctions are providing that balance and transparency for buyers and sellers.”
