Ray White Wellington City clears 83% at auction event

The Ray White group fundamentally believes the auction method is the best and most proven way to maximise competition for our customers.

Auctions create an equal playing field as the date and time is set and every bidder is there with their finances approved.

From a seller point of view, auctions provide more opportunities to get a premium price as it opens it up to a competitive environment and all sales are also unconditional.

Ray White Wellington City agents Ben and Amanda Stevens and their team boast an average of 33 days on market over the past six months, compared to 62 days across the entire capital.

“Our success in 2023 is down to our auction strategy. Auctions provide transparency and confidence to buyers who can see the competition in the room. They are given unlimited opportunity to revise their offer by way of bids right up to their maximum. You can see that from the bidding on each property today. In some cases up to 21! There’s no doubt that auctions provide social proof to buyers,” Mrs Stevens said.

“Wellington’s real estate market has been very tough for the last year and buyers were not responding to private negotiations so it was time to try a different approach.

“Our success to date proves that auction was the right choice. We are excited to be able to use Auction as a strategy moving forward as we truly believe it is the best approach for both our vendors and buyers. ”

Here’s a breakdown of today’s successful auction sales at Ray White Wellington City.

49a Ganges Road Khandallah, Wellington City

• Sold under the hammer for $1.7250 million

• 4 registered, 3 active bidders

• Ray White Wellington City lead agent Ben Stevens +64 21 899 851

1 Regal Gardens Melrose, Wellington City

• Sold under the hammer for $1,060,000

• 6 registered bidders, 2 active

• Ray White Wellington City lead agent Ben Atwill +6421 826 024

41 Red Beech Avenue Woodridge, Wellington City

• Sold under the hammer for $1.302 million

• 5 registered and 5 active bidders

• Ray White Wellington City lead agent Kartjana Anderson +64 27 643 7799 and Ben Stevens +64 21 899 851

2C Black Rock Road Newlands, Wellington City

• Sold under the hammer for $610,000

• 8 registered bidders, 2 active

• Ray White Wellington City lead agent Ben Atwill +6421 826 024

40/305 Evans Bay Parade Hataitai, Wellington City

• Sold under the hammer for $430,000

• 5 registered bidders, 5 active bidders

• Ray White Wellington City lead agent Ben Atwill +6421 826 024