By PHILIP CHANDLER
Two Queenstown real estate agencies recorded phenomenal auction results last week.
Of 23 properties marketed by Bayleys for Friday’s ‘Big Call’, 20 sold — including nine on which pre-auction offers were accepted — for a total sales value of $28,486,000.
The highest price, $3.8 million, was paid for Arrowtown’s 12 Essex Avenue, marketed by Alan Sutton and Lesley Barr — $600,000 was added after out-of-room negotiations.
A 694 square metre section at Jack’s Point’s 3 Cunningham Drive, marketed by Deborah and Grant Coburn, fetched a record under-the-hammer price of $885,000.
The auction campaign saw a total of 365 bids — including 58 placed on a property in Arrowtown’s Cotter Ave — with about 100 people attending the auction and another 500 watching online.
Meanwhile, Harcourts started the week by bringing forward its auction of 23 Marston Road, Shotover Country — it set a Shotover Country record for a three-bedroom home of $1,355,000.
Then, on Thursday, six of eight properties presented for auction went under the hammer.
These included central Queenstown’s 6 Beetham Street, which went for $3,225,000, and Jack’s Point’s 7 Kinross Lane, which sold to Auckland buyers via ‘‘virtual inspections’’ for $2,050,000 — 66% above rateable value.
