$23M in property sold under the hammer at The Day 5.0
A T REALTY GROUP – THE DAY IN REVIEW:
$23M IN PROPERTY SOLD UNDER THE HAMMER AT #THE DAY 5.0
Ray White Manukau, Manurewa, Mangere and Mangere Bridge auctioned 46 properties at their The Day 5.0 auction event on Wednesday 31 July 2024.
The Day saw a clearance rate of 57 per cent, with a total of $23,728,500 in property sold under the hammer.
With Ray White New Zealand auctioneers Sam Steele and Ben East calling the auctions, The Day saw a whopping 264 registered bidders, with an average of 5.7 registered bidders per auction.
“The room was buzzing with activity from 9:00am in the morning, to 5:45pm at night,” Ray White Manukau, Manurewa, Mangere and Mangere Bridge co-director Tom Rawson said.
“We saw 264 registered buyers across the properties, throwing out a remarkable 1,073 bids.”
“Widely considered a challenging market, we had all hands on deck to achieve results for our clients. The negotiations were tough, but the outcomes were fantastic.”
Strong energy in the auction room.
Ray White Manukau, Manurewa, Mangere and Mangere Bridge co-director Adam Thomson said there was a palpable energy in the room.
“It was amazing to witness transactions for properties where owners had previously given up on the market,” he said,
“Our team were able to use their wide networks to find the right buyers and get a successful result for our clients.”
The top result of the day went to Ray White Manukau agent James McGregor who sold an established kiwifruit farm at 99 Alfriston-Ardmore Road under the hammer for $2,645,000 with six registered bidders.
The top result for number of registered bidders went to agents Karlen Athnaeil and Rubal Singh who sold a fire-damaged home at 2/43 Derrimore Heights, Clover Park under the hammer for $430,000 with a significant 21 registered bidders.
“We haven’t seen 21 registered bidders on a property since 2021,” Mr Thomson said.
“So that’s a strong signal for sellers who have been waiting for the right market conditions – the time to act is now.”
Something for everyone...
Ray White Manukau sales manager Richie Lewis said there was something for everyone at The Day 5.0.
“We had a mixture of properties available, from renovators’ delights and developers’ dreams to opportunities for those looking to upsize or downsize,”
“The room was packed with a variety of buyers, each concluding their property hunt with a smile on their face as they left our Manukau auction room.”
“The genuine motivation of our owners attracted buyers from near and far, and the results truly speak for themselves.”
How can I get involved?
The success of The Day 5.0 is a testament to the energy and dedication of our A T Realty team across Ray White Manukau, Manurewa, Mangere and Mangere Bridge. With 264 registered bidders, a clearance rate of 57 per cent, and over $23M in property sold under the hammer, we’ve demonstrated that even in challenging market conditions, outstanding results are possible.
For those who missed out, or are considering selling, now is the perfect time to reach out. We still have over 220 cash buyers ready and waiting to purchase property, showing strong buyer interest and competitive bidding in the market. The enthusiasm and motivation from these buyers are clear signals that opportunities are plentiful.
We’re excited to announce that, due to the overwhelming success, we’ll be hosting The Day 6.0 soon. Stay tuned for dates and more information on how you can be part of this incredible event. Whether you’re buying or selling, we’re here to help you achieve your property goals. Don’t hesitate to contact us for individual support.