$1.17M Mt Pleasant sale stars is stellar Christchurch auctions

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Uninterrupted sunshine and panoramic views were just the beginning in Mount Pleasant as the glorious three-bedroom home at 5 Signal Hill Road (above) sold at auction for $1.17 million.
 
The under the hammer sale headlined another great week for Ray White offices across the city of Christchurch with eight properties selling for more than $4.8 million combined.
 
“There’s no doubt the expansive views attracted buyers, along with the lifestyle, with all three of the registered buyers competing,” said Paula and Simon Standeven of Ray White Ferrymead, who successfully managed the campaign for 5 Signal Hill Road.
 
“Our vendor was downsizing, and we were able to attract more than 40 groups through during the open homes – that competition was also seen come auction day with strong active bidding.”
 
“The remarkable thing we’re seeing is terrific success for our sellers across all price points – ranging from $366,000 – up into the millions,” said Ray White New Zealand Auctioneer Ben East.
 
“The majority of our auctions attract active bidding and once the competition really kicks off, and with demand still outstripping the supply of property, we’re still seeing some excellent outcomes for our valued sellers. The market is still red-hot right now.”