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Auction Report 22 November 2022

This portfolio offered a variety of property across our Eastern Beaches area plus buying options just outside of our immediate area.

While this portfolio attracted a, little more sobering, result for, under the hammer sales, nevertheless, negotiations continue with buying interest as they finalise mortgage options and wait finalisation of sales for their properties to allow them to move to their new requirements.

Buyers, 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.

As with previous weeks, it was evident that being able to place properties “on the market” to sell “under the hammer” was the key factor in vendors being rewarded with opportunities to fully maximise final prices.

Highlights throughout the evening:

13 Tsar Court Flat Bush attracted a preauction unconditional offer that was presented to our vendors and accepted subject the property being submitted to auction at this brought forward auction date. One floor plan level covered by brick and tile was always destined to attract immediate buying interest. The well planned floor plan provides four bedrooms, two bathrooms with lounge and family living rooms. The preauction offer of $1,250,000 attracted further bidding ensuring that the maximum price was achieved for our Vendors to see it sell “under the hammer” at $1,260,000.

7A Tuscan Place Half Moon Bay offered buyers an opportunity to secure an easier care sized home close to the Half Moon Bay Marina. Apart from the appealing position factors new ownership will have exciting options to freshen/ refurbish indoors and make more of the outdoor living. The floor plan provides four bedrooms with the living spaces also options to make more of the spaces.  It sold “under the hammer” at $805,000.

53 Thomas Road Flat Bush offered buyers contemporary family living in a part of our Eastern Beaches area that is experiencing rapid development of services. The floor plan provides four bedrooms, three bathrooms plus well planned living spaces. Buyers noted the pleasing presentation that included extra touches. The home is surrounded by a 369m2 section. Very positive bidding resulted in some 20 bids and a sale “under the hammer” at $1,259,000.

6/ 58 Manuroa Road Takanini attracted more affordable buying to the popular Conifer Square area of expanding Takanini. The floor plan provides efficient space over its two levels which includes three bedrooms. It sold “under the hammer” at $655,000.

As introduced, the balance of the portfolio attracted conditional buyer interest, and so we continue to work with these interests to secure a sale satisfactory to our Vendors.

So, after three weeks of marketing, an extremely pleasing, positive, response to the three weeks of marketing. A market confidence result, however, it needs to be acknowledged that, 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