Home > Auction Wrap > Auction Snapshot | 21 & 22 September

Auction Snapshot | 21 & 22 September

We’re proud to report a remarkable auction result for the Fletchers group over the weekend. Our talented sales team collectively achieved a clearance rate of 91%, far surpassing the state-wide result of 79%.

Come hail, rain or shine, the buyers were also out in full force, with the majority of auctions seeing multiple bidders in attendance. With competition heating up, the latest auction results provide a very good indicator of the strength of the market. Research by Domain Economist, Trent Wiltshire, indicated that the relatively high auction clearance rates in the two months prior to Spring are most likely an early sign of market turnaround. Domain data from the June 2019 quarter also showed a slight jump in house price medians for the first time since the peak at the end of 2017.

My personal team had 5 scheduled auctions for Saturday and pleasingly sold all 5 (including one sold prior). On Sunday we sold 218 The Boulevard, Ivanhoe East under the hammer for $1,932,500 – 2 bidders. Colleagues Brooke Warwick and Greg Taylor did an awesome campaign and our vendor who has owned the 1954 cream brick home for 33 years is all smiles.

Sunday auctions work. The market is very strong. Considering selling? Please contact us.

Results. It’s a Fletchers thing.

Categories: Auction Wrap
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