Auctions continued to fire for Ray White offices in Christchurch with a 100 per cent clearance rate on Friday – off the back of 16 out of 18 properties selling under the hammer across the week.
Ray White New Zealand South Island Regional Manager Jane Meyer lauded the “outstanding” results and said there was no better example of why it remained a seller’s market.
“Week after week we continue to see incredible results for our vendors and it provides further evidence that now is the time to be listing and selling your property,” Ms Meyer said.
“To achieve a 100 per cent clearance rate under the hammer for nine properties at one event is great in any market and there’s no doubt the Christchurch market is red-hot at the moment.”
It was an excellent week for Ray White Morris & Co Principal Stuart Morris as he celebrated his own success with a hat-trick of under the hammer sales, with two properties also selling prior.
“Our particular marketplace isn’t necessarily renowned for auctions, but it’s a method of sale I believe in, and we have proved it achieves premium results for our vendors,” Mr Morris said.
“We had competitive bidding on all three properties, but the stand-out was the $764,000 sale of 17 Epsom Drive (above) in Rangiora as that was brought forward, yet the bidding continued on.”
Completing the hat-trick for Mr Morris was Rangiora’s 39 West Belt that sold for $717,000 and 451 Johns Road in Fernside that sold under the hammer for $632,000.