AUCKLAND PREFERS AUCTIONS – NZ
Posted on May 14, 2012 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Auctions are becoming the preferred means of selling homes in many parts of the Auckland region. During the past month, more than three out of four transactions in some suburbs, were being decided by the auctioneer’s cry of “Sold to…”.
In total, REINZ data shows almost 30% of sales in the region during March were completed by auction compared to 22% 12 months ago and just 11% five years ago, near the peak of the housing market.
Speak to your local First National office to see if auction could be the right marketing tool for your property.
Filed under: REAL ESTATE | Tagged: Real Estate