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Auction

Results from our 18 October Auction

Auction Report for 18 October 2021

Last week I reported with a big report due to big activity and this week I can report continued very positive activity.

The portfolio for the week beginning 18 October included properties in Howick, Half Moon Bay, Highland Park, Dannemora, Cockle Bay, Flat Bush and two properties outside of our Eastern Beaches area, Papakura.

Despite the continuation of the lockdown restrictions, real estate activity has continued with an obvious confidence which has been amply demonstrated with multi bidding competition for the properties that have been offered “For Sale” through our Auction Programmes.  The sale success has been a tribute to the quality of our clients’ properties and the demand to live within our Eastern Beaches area, while the two properties outside of the Eastern Beaches area gives an interesting comparison.

With Level 3 Lockdown still in place, our real estate activity has continued using the Online virtual platform to conduct auctions, giving our vendor clients the opportunity to sell with a totally unconditional sale agreement.

It has been quite apparent that both vendors and buyers have made transaction decisions to best suit their current requirements, not needing more time to secure their future, after all, life does not wait for any of us.

18 October – some of the highlights

  • 17 Tralee Terrace, Dannemora offered buyers a spacious family home within a very short walk to the popular Pt View Primary School. The two-level floor plan provides four bedrooms with formal and family living rooms. It sold “under the hammer “after some 18 competitive bids at $2,203,000.
  • 16 Kingussie Place, Highland Park attracted buyers to a neighbourhood that is seeing changes to provide more opportunities to live within a popular Highland Park area. 694m2 surrounded the three-bedroom home that offers continued comfortable living with opportunities to investigate future options. It sold “under the hammer “after some 8 strong bids at $1,620,000.
  • 5B McQuoids Road, Flat Bush perhaps represents the face of modern housing with efficiently designed floor plan space in a very easier care package. This home certainly impressed by its total presentation throughout the two level four-bedroom floor plan. It too sold “under the hammer “ at $1,330,000 after a strong start and some 8 determined bids.
  • 20 Goodwin Drive, Rosehill offered buyers a traditional 1970’s home surrounded by a 999m2 section. Ownership for 27 years gave buyers an opportunity to explore future potential. It attracted strong bidding selling “under the hammer “ after some 14 bids at $1,060,000.
  • 1/19 Laurie Avenue, Papakura offered buyers a home very close to junior schooling. The home radiates its own personality, attracting buyers to not only its position factors but also price range. After some 27 very competitive bids it sold “under the hammer “ at $895,000

19 October

  • 12 Judkins Crescent, Cockle Bay was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. Buyer interest here was very understandable due to a home that radiated a lot of personality character, four bedrooms, separate living rooms, pool outdoor living and a popular Cockle Bay address. It sold “under the hammer “ at $1,600,000.

20 October

  • 4B Patons Road, Howick was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This home is immediately impressive with its exterior design elements and indoor floor plan that is enhanced by the total presentation of quality fittings and furnishings in addition to being part of a private neighbourhood. It deserved every bit of the bidding activity which resulted in a sale “under the hammer “ after very competitive determined 47 bids at $1,555,000.
  • 20A Waterloo Street, Howick was also able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. This was the last opportunity for buyers to secure a new townhouse in this townhouse development within walking distance to the heart of Howick Village. This is the largest floor plan home within this development and followed the quality presentation of the others in this group that we enjoyed marketing with sales for our vendor client. Five bedrooms, spread across the upper level with double garaging was a plus factor. It also sold “under the hammer “at $1,675,000.
  • 11 Majesty Place, Half Moon Bay displays a degree of independence from its neighbours and attracted buyers who appreciated a one level floor plan home surrounded by an easier to care for section size located in a very popular neighbourhood address. It was pleasing that buyers rewarded our vendor with a strong, very competitive 43 bids, resulting in a sale “under the hammer “ at $1,328,000.
  • 2/9 Imogene Way, Half Moon Bay attracted buyers to a popular close to Half Moon Bay Marina and popular school zone neighbourhood. An efficient floor plan makes the most of indoor space opening out to decking and delightful outdoor living. It too benefitted from a very pleasing presentation. Again, this home attracted very active bidding, and with a very competitive 43 bids, it sold “under the hammer “ at $1,140,000.

So , despite the interruptions of Lockdown, extremely pleasing, positive , competitive bidding, for these properties that 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 3 Lockdown.

Ken Ralph

Auction Services Manager