Auction Report 18 and 25 October 2022

Both these portfolios reinforced the positive buying activity, reported in my recent reports, with sales, “under the hammer”, giving both pending vendors and buyers confidence to make selling and buying decisions to allow them to move on to enjoy their current home buying/ lifestyle requirements. People taking a positive attitude, not waiting for life to pass them by or waiting to wait.

Buyers, in particular, are taking advantage of quality property listings to focus on their requirements for the new year, be that for schooling requirements, size of home or lifestyle. Our Eastern Beaches area certainly offers buyers quality real estate options and quality buying real estate assets.

Again, it was 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.

These portfolios included quality properties across our residential areas of predominately Pakuranga, Sunnyhills, Bucklands Beach, Cockle Bay, Golflands, Dannemora.

It was also evident that being able to place 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. Those that did not sell “under the hammer” attracted immediate post auction offers.

Highlights throughout the evening:

18 October

2/44 West Fairway Golflands  offered buyers an opportunity to move to a very popular Golflands neighbourhood and to a very well presented one level floor plan, brick and tile home.

Combined living includes lounge, dining and kitchen spacing with three bedrooms , two bathrooms. A positive start and with some 6 competitive bids it sold “under the hammer” at $1,190,000.

2 Newin Crescent Dannemora offered buyers an opportunity to move to a popular Dannemora cul de sac address and to an easier care section size of some 430m² which surrounds a refurbished brick and tile home whose floor plan provides three bedrooms, two bathrooms and combined living. Positive bidding resulted in a total of 13 bids and a sale “under the hammer” at $1,620,000.

12 Liston Crescent Cockle Bay offered buyers an opportunity to move to an established neighbourhood within easy reach of Howick Village shopping and services. First time offered For Sale in 50 years clearly emphasised a home and neighbourhood that provided our Vendors with a very happy home environment. 1272m² surrounds the two level floor plan home which provides four bedrooms, formal and family living spaces. Decking from the upper level absorbs urban views. The lower level provides rumpus room spacing for family living. A positive start and determined bidding resulted in this home selling “under the hammer” at $1,650,000 after some 11 bids.

25 October

17 Sanctuary Point Sunnyhills – the sale of this property clearly demonstrates that “position” is definitely valued and particularly waterfront position close to the Sunnyhills waterline. 1322m² spreads around a well established family home that absorbs a wide glistening view out to the water activity of the Tamaki River and beyond. Undoubtably this would have to be an unsurpassed section site in this Sunnyhills precinct, a more rare opportunity to secure premium position. The home will offer new ownership five bedrooms, four bathrooms, formal and family living which opens out to established garden landscaping and then to the outstanding views. This was another property that enjoyed a positive bidding start, and, with negotiations during the auction, increasing the bidding price, the property then sold  “under the hammer” at $4,520,000.

33A Maugham Drive Bucklands Beach attracted buying interest to an address within an easy walk to Macleans College and to a three bedroom home that offers new ownership potential to refurbish to new ownership décor tastes. 11 bidding registrations were received with bidding underway immediately and after some 17 bids it sold “under the hammer” at $1,000,000

3 Roseburn Place Pakuranga secured a sale immediately post auction from buyers anxious that it did not sell under the hammer precluding them from offer discussions with the Vendors.

16 Blue Gum Rise Sunnyhills attracted bidding but also received an immediate post auction offer and at the time of this report we await vendors decision.

The balance of the 18 October portfolio has attracted buying interest that was not able to register to bid on an unconditional basis , so we continue to work with these interests to secure a sale that is satisfactory to our vendors.

So, after three weeks of marketing, extremely pleasing, positive, response to the three weeks of marketing. A market confidence result, however, it needs to be acknowledged that , in particular, the “under the hammer” 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.

It should also be noted, that our considerable experience during the auction of these properties, was the catalyst to ensuring that both vendors and buyers completed the evening with the success they had wished for prior to our 6pm start.

Ken Ralph

Auction Services Manager