Important COVID Update
Read Here
News

September Auction Round Up [27 Sep 2019]

By Cameron Brain

Auction Round Up for September 2019

It has been a very busy and active month for the Auction in September. Our Auction Success rate is 87.5% a little down on September 2018, but still a very solid result.

Just over $8,000,000 worth of Apartments were sold this month by Auction in the City Apartment office, with an average sale price of $455,000.

The most pleasing figure for the month is our average days on market for Auction properties sitting at 23 days. Showing that Auctions are still the most effective method of sale with other methods of sale average day on markets being as far out as 75 days.

We are looking forward for a very active last quarter of 2019.

Please contact Cameron Brain if you would like to discuss Auctioning your property or Auctions in general.

Up to Date

Latest News

  • Auckland Apartment Market Virtually Active

    The Auckland City Apartment market has proven to be unshakable during the nation-wide lockdown as buyers secure properties while there’s less competition. Daniel Horrobin, Director of the Ray White City Realty Group, said the lockdown showed little impact on apartment sales in the city with their auction success rate sitting … Read more

    Read Full Post

  • Strong Property Activity Continues in Auckland’s Apartment Market

    The Auckland City Apartment market continues to see strong sales activity, nurtured by a thriving sense of market confidence. The sales volume for our city apartments business was 27% up when compared to July 2020, reflecting a high level of positive buyer sentiment. Investors continue to be a strong driver … Read more

    Read Full Post