Christchurch properties in demand as stock levels remain low
Christchurch homes are selling fast as demand for properties outweighs the level of stock.
Entry-level property 611 Barbadoes St, St Albans, Christchurch City, received a lot of interest from first home buyers and investors, with 29 groups coming through the home prior to auction.
The modern, two-bedroom, townhouse had two registered bidders on auction day,
In a great result for Ray White selling agents Vanessa Golightly and Maria Paterson, the property sold for $460,000 at auction on Thursday — $120,000 above RV.
“When this type of home comes to market it is sold quickly, with a lot of auctions being brought forward,” Ms. Golightly said.
“While stock levels remain low right across the board, buyers are becoming more confident with the process.”