Surge in auction volume
Ray White’s auctions showcased resilience and momentum last week, with 171 auctions booked nationwide which achieved a 46 per cent all sold success rate.
The auction with the highest number of registered bidders last week was at 14 Newhaven Terrace, Mairaingi Bay, North Shore City. Ray White Mairangi Bay sales agent Ella Bason and Director Shane Coote sold this prime piece of real estate which had been in one family for more than 50 years for $1.996 million under the hammer.
The property attracted 15 registered bidders and five active bidders after just 14 days on the market.
Ms Bason said there were 12 conjunctional agents plus a lot of developers who were bidding.
“The property was on one of the best streets in Mairangi Bait and just on under 700 sqm. It was a crazy number of bidders and only on the market for 14 days.
“We were all blown away by the auction and it sold for $496,500 over our initial appraisal. “The tenants had been there for more than 27 years and it has been bought by a local developer. We make it easy for other agents to work with us, and of course we know that auctions create competition.”
Media Contact
Alex Tilbury
Ray White Group
Head of Media & External Relations
media@raywhite.com
+61 413 842 112