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Auction

Auction Report 10 May 2021

Our 10 May portfolio was the 16th for 2021, with our pleasure to welcome a pleasing attendance to the Headsail room of the Bucklands Beach Yacht Club, the home of Ray White Auctions.  Those attending included people who had registered bidding interest, those who had expressed conditional buying interest and obviously those who came along to see what is selling and for what price to give an idea of what is happening very currently in the real estate market.

The portfolio included a quality 14 properties across our residential areas of Pakuranga, Sunnyhills, Howick, Cockle Bay, Shelly Park, Botany Downs, Highland Park, Golflands, East Tamaki, Beachlands and property located within a popular Onehunga neighbourhood.

Joining this portfolio was 2/1 Landop Terrace, Howick which was brought forward from its designated 17 May auction date, therefore offering buyers a choice of 15 properties.

As highlighted in my last two reports, it was so pleasing to see vendors achieving sale results that allowed them to move on to enjoy their current requirements and buyers delighted to have the opportunity to buy quality properties. People taking a positive attitude, not waiting for life to pass them by or waiting to wait.

As noted in previous weeks reports placing properties “on the market “to sell “under the hammer” was the key factor in vendors being rewarded with further bidding and achieving the pleasing final prices.

Highlights throughout the evening:

2/1 Landop Terrace, Howick got the evening off toa positive start having been brought forward from its 17 May designated auction date due to an unconditional offer that was presented to our vendors and accepted subject the property being submitted to auction at the earlier auction date. It sold “under the hammer “at $920,000.

27 Golfland Drive, Golflands was placed “For Sale” after 30 years ownership and as anticipated attracted continued buyer interest to join the sought after Golflands Housing estate with its quality housing and recreation reserves scattered throughout. After some 17 bids it sold “under the hammer “at $1,420,000.

46A Uxbridge Road, Howick offered buyers an opportunity to build their own housing design and living environment on an undeveloped 866m2 section within walking distance to the heart of Howick Village shopping and services. A pause in auction bidding and with further negotiations this section sold “under the hammer “at $1,000,000.

75 John Gill Road, Shelly Park offered buyers a sought after one level floor plan family home, very well presented with some seaviews and attractive outdoor living. After 31 very competitive bids, it sold “under the hammer “at $1,588,000.

24 The Boulevard, Sunnyhills attracted bidding interest which demonstrated continued buyer interest in highly sought-after school zone Sunnyhills. This family sized home attracted very competitive 43 bids eventually securing a sale “under the hammer” sale at $2,325,000.

12 Advene Road, Cockle Bay offered street appeal & a traditional build surrounded by a 736m2 section with a very pleasing indoor presentation of smart kitchen and bathroom fittings, which are part of a family spacious one level floor plan. It also sold “under the hammer “at $1,570,000 after some 14 bids.

2/13 Pitlochry Place, Highland Park offered buyers an easier care home environment with just the best viewing platform to absorb Lloyd Elsmore Park activity, the CBD Sky Tower and Rangitoto Island on the skyline. A positive start and some 7 further bids resulted in a sale “under the hammer “at $1,200,000.

Immediate post auction negotiations with the highest bidder resulted in a sale for 15 Oranga Avenue, Onehunga.

Offers were presented for other properties within the portfolio and at the time of completing this report we continue to work with buyer interest for the balance of the portfolio to secure a sale that is satisfactory to our vendors.

So, after three plus weeks of marketing, extremely pleasing, positive, competitive bidding, great results for our vendors whose properties sold under the hammer, but also it needs to be acknowledged that the sales provided buyers with an opportunity to buy quality real estate assets knowing that while having to competitively bid/ buy to be the “winner” they were bidding/buying property that was also the first choice for a number of other buyers.

The excellent prices achieved confirmed our ability to maximise price for our vendors, however, to achieve such results, buyer interest, working with our mortgage broker partners, bidding registrations and actual competitive bidding are the components to achieving great results.

7 May 2021

3 Keenagh Rise, Dannemora was brought forward from its 17 May designated auction date due to an unconditional offer that was presented to our vendors and accepted subject the property being submitted to auction at the earlier auction giving all inspections an equal opportunity to take part on the auction.

It sold “under the hammer “at $1,970,000.

Ken Ralph

Auctions Services Manager