Auction Report 7 September 2021
Our last report emphasised our successful Auction Programme during this Level 4 Lockdown with our real estate activity continuing, and particularly, our Auction Programme continuing, via online virtual auction presentations.
We are fortunate that we have been able to progress property transactions with great success not only for our vendor clients but also giving buyers an opportunity to secure a property that will be best suited to their current requirements and not needing more time to secure their future, after all, life does not wait for any of us.
As, also 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.
I will start with 31 August which ended a very active month despite the Lockdown restrictions.
15 Archmillen, Avenue Pakuranga was offered For Sale after attracting six registered bidders to a family liveable home surrounded by 607m2 section, which presented with options to either add to the current presentation or investigate maximising the potential of a 607m2 section close to Lloyd Elsmore recreation and sports plus Pakuranga College zone. After a strong start and some further 19 competitive bids it sold “under the hammer “at $1,560,000.
1/14 Heron Place Pakuranga was moved from its 30 August designated auction date due to the lockdown restrictions with a new auction date, due to an unconditional offer that was presented to our vendors and accepted subject the property being submitted to auction at the new auction date.
This home offered buyers a brick exterior one level floor plan unit and a tidy presentation with an opportunity for easier home ownership or an appealing rental investment asset. From the preauction offer at $750,000, it sold “under the hammer “at $776,000 after 25 competitive bids.
1/15 Manapouri Avenue, Pakuranga followed Monday’s success, again, having been moved from its 30 August designated auction date due to the Lockdown restrictions with a new auction date, due to an unconditional offer that was presented to our vendors and accepted subject the property being submitted to auction at the new auction date.
This property offered buyers a three-bedroom home, surrounded by a more easier care sized section. Combined living kitchen/ dining/ lounge ensures maximising space with a pleasing presentation of modern kitchen and bathroom fittings and fixtures, contemporary colour tones and furnishings. Indoors opens to decking and the rear lawn landscaping. This home offers proximity to local convenience shopping at the end of the cul de sac street, schooling, recreation, and an easy commute along Ti Rakau Drive to Botany Town Centre.
From the pre-auction offer at $958,500,000 and a highly competitive 37 further bids it sold “under the hammer “at $1,035,000.
So, after three weeks of marketing with the interruptions of Lockdown, there have been extremely pleasing, positive and competitive bidding for the properties sold under the hammer. It also 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.
This was all completed despite all the challenges of our Level 4 Lockdown.
Auction Services Manager