Ray White Now 2022 - May New Zealand | Page 7

How is Ray White New Zealand responding to the market changes ? It is more important for us to convey information on the active market and the properties that are in competition to listings coming onto the market . Today , while the buyer is important , most competition comes from similar properties . While factors including location and build quality are high on the preferred wants of buyers , comparison properties and value sit considerably higher given the amount of property on the market .
While auctions continue to be the preferred marketing method , it is more difficult to encourage under the hammer sales . We believe that auction provides transparency for buyers to transact , whether that be before the auction , at the auction , or after . While success rates have changed with under hammer results , the auction method of marketing is still the most successful . In market conditions that are potentially declining , it remains relevant for sellers to consider .
So , in a rapidly evolving market , conditions are variable . Your local Ray White office has the information that will give you insights into not only the value of your property but the depth of potential buyer interest linked to the successful marketing of your property .
Regards ,
Carey Smith Ray White New Zealand Chief Executive


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