Super 14: Christchurch auctions stay red-hot under the hammer

63 Soleares Avenue, Mount Pleasant, Christchurch City.

THERE was nothing unlucky for Ray White offices in Christchurch recently as red-hot auction activity continued to fire with 14 properties selling under the hammer for a $7,878,000 total.

“As we come towards the end of September, we’ve had a record number of auctions called by our Ray White offices across Christchurch this month, breaking all previous records,” said Ray White New Zealand South Island Regional Manager Jane Meyer.

“These 13 sales were another outstanding set of results for our sellers across Christchurch and highlights the competition created by the demand for property outstripping the supply – there has never been a better time to list and sell your property.

“More and more, the auction method is being seen as the best way to achieve the best price for our vendors, and it seems even banks are now on-board with auction preference – as we note pre-approval priority is being given if they’re buying at auction.”

In the midst of the excellent results, it was Ray White New Brighton Salesperson Holly Jones who shone through, as she scored a hat-trick by selling all three of her properties at auction.

Ms Jones sold 63 Soleares Avenue in Mount Pleasant for $672,000, Halswell’s 6 Hemingford Place (pictured above) for $630,000, and 10A Mundys Road in Dallington for $475,000.

“It’s been a remarkable couple of months for the whole office with auctions proving as popular as ever because of the competition it creates, and you're hard-pushed in the current market to not have multiple bidders on each property,” Ms Jones said.

“These three sales were excellent results for our vendors and are a testament to the strength in the market we’re seeing right now. The demand for property is higher than ever and that’s evidenced in the fact we’re seeing more than 50 groups coming through open homes.”