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SunLive - House auction rates have hit new highs - The Bay's News First

House auction rates have hit new highs More than a third of Bay of Plenty properties were sold by auction during June. Photo: File photo. ); } else { // } Auction rates have hit new highs over the course of the current housing market boom, but there are questions over whether the sales method will remain so popular when the market slows. New Real Estate Institute information shows more than a quarter of properties were sold by auction in June. That is the highest percentage of auctions for a June month since records began in September 2005. Auckland had the highest percentage of auctions, with 41.9 per cent of properties selling under the hammer in June. It was followed by Bay of Plenty with 37.8 per cent and Gisborne with 34.1 per cent. ....

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Marlborough sales team on the yellow brick road to success


The move was officially announced, and the signage changed, on Thursday. The team had been under the First National banner for almost 30 years.
First National had fewer than 40 offices in New Zealand, while Ray White was closing in on 200.
Blenheim would act as the flagship office for Marlborough, with 18 staff across sales, property management, marketing and administration, while Picton would operate a satellite office with a handful of salespeople.
Supplied
The same team, under a different banner.
McLean said they would have the same people and the same service, but with the reliability of a major national brand.
“It s a big upgrade . We have had a very good and reliable vehicle in the brand, there is nothing broken, but it was just time for something newer and more modern . ” McLean said. ....

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Christchurch open homes get so crowded that agents are hiring icecream trucks


Ray White/Supplied
More than 80 families turned out to an open home in St Albans, Christchurch, ahead of its auction last week.
There is no rest for real estate agents in the lead-up to Christmas this year.
The crowd of 80 families that turned up to an open home in St Albans, Christchurch, last week is a textbook example of buoyancy in the current market.
The four-bedroom family home on Carrington St, within minutes of the city centre, went for $1.1 million at auction.
“Open homes and on-site auctions are so busy now that we’re seeing offices use things like a Mr Whippy icecream truck to keep visitors entertained and engaged,” Ray White New Zealand s South Island regional manager, Jane Meyer, said. ....

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