Christchurch properties in demand as stock levels remain low

Share:

Share on facebook
Share on twitter
Share on email

Share:

Share on facebook
Share on twitter
Share on email

Christchurch homes are selling fast as demand for properties outweighs the level of stock.

Generating a lot of interest was 2 Thirlmere Lane, Westmorland, Christchurch City, with 50 groups viewing the home before auction. 

With two registered bidders on the day, the stunning five-bedroom home was sold at auction on Thursday for $1,120,000 — $160,000 above RV — a great result for Ray White selling agents Jenna Mills and Chris Nielson. 

Ms. Mills said there were strong numbers coming through the open homes, indicative of the strong demand for Christchurch property. 

“We’re still seeing strong numbers through open homes, and no one is shying away from auctions,” she said. 

“Buyer activity in Christchurch is still turning out in force.

“With the speed of sales, and auctions being brought forward, the demand is outweighing the supply.” 

Entry-level property 611 Barbadoes St, St Albans, Christchurch City, received a lot of interest from first home buyers and investors, with 29 groups coming through the home prior to auction. 

The modern, two-bedroom, townhouse had two registered bidders on auction day, 

In a great result for Ray White selling agents Vanessa Golightly and Maria Paterson, the property sold for  $460,000 at auction on Thursday — $120,000 above RV. 

“When this type of home comes to market it is sold quickly, with a lot of auctions being brought forward,” Ms. Golightly said. 

“While stock levels remain low right across the board, buyers are becoming more confident with the process.”