Home > Auction Wrap > Market Update | 24 & 25 October 2020

Market Update | 24 & 25 October 2020

This weekend, there were a couple of things a bit different for Victorians! First, we saw the Tigers and Geelong go head to head in an all-Victorian final…held in Queensland, at night! Secondly, we saw a range of auction methods utilised – completely on-site, completely online and a new option, the “hybrid” auction.

With on-site auction restrictions currently capped to ten registered bidders, most of our auctions were conducted using the hybrid method with registered bidders both on-site and tuning in online. With the rain pouring down for much of the day, it was an ideal situation for many potential buyers to participate in the comfort of their own home!

There were thirteen registered bidders for the hybrid auction of 252B Glenlyon Road, Fitzroy North which successfully sold under the hammer. As Christmas quickly approaches, it’s expected that several vendors will want to list before the end of the year. My colleague George Ozzimo said, “I think we’ll see some confidence come back to the market [but] it will just be based on the number of homes available. There’s a lot of pent up demand in the market”.

The property at 74A Dunloe Avenue in Mont Albert North attracted four registered bidders, with three on-site and one online. My team and I sold the superb three-bedroom home sold under the hammer for $1,317,500.

Success. It’s a Fletchers thing.

Categories: Auction Wrap
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