Buyer activity on the rise

We saw plenty of activity at Ray White auctions across New Zealand last week, seeing improvement across all auction metrics.

Ray White New Zealand scheduled 175 auctions last week, up 33.6 per cent year-on-year, with an all sold clearance rate of 60.6 per cent, up 11.1 per cent on the same time last year.

We saw a jump in the number of registered bidders, with an average of 3.8 registered bidders and 3.1 active bidders, an increase of 1.3 registered bidders compared to the 2.5 recorded the week before.

The top result of the week went to Ray White Epsom agents Richard Thode and Mark Roberts who sold 12 Rowan Road, Epsom, under the hammer for $3.018 million.

Mr Thode said the sellers (pictured below) had been in the home for 10 years after moving from Tauranga for their kids’ schooling, now they were looking to downsize.

“We were expecting three parties to register but we ended up with two but then one pulled out so we ended up with one, but that’s all you need,” he said.

“The property was sold to a family who immigrated to New Zealand and they had been to a few of my listings before. They were ready to buy.

“It was a lovely piece of land on a really nice street. It wasn’t double grammar zoned which made it a bit harder. But we got a really good result in the end.”