Sitting at various sales meetings over the past two weeks, I am being exposed first hand to the strength of the real estate market. An increasing number of sellers are choosing auction as the preferred method of marketing their property. And selling they most definitely are! Not just selling but in many cases, selling well beyond vendors’ expectations.
This last week alone, seven properties received pre-auction offers (meaning the vendor is prepared to sell at an agreed price), the auction brought forward and the property sold, some with further bidding. Those seven excluded another chunk of properties that also went up for auction on our normal Thursday auction day. And the results this process of selling under the EVES brand is generating are phenomenal. 239 Bay of Plenty auctions were called by our EVES Auctioneer during October/November/December and 85% of them sold, 24 are still being marketed of which nine are under contract.
And things have certainly not slowed down – quite the contrary in fact. As a company, in 7 out of the 11 months of this financial year 2019/20 we have achieved record sales numbers. This means that people who are listing with us are seeing great results, selling and moving on to the next stage of their lives.
Stay safe, stay well and have a fantastic week.