There is no superlatives left to explain the ongoing success currently sweeping the Real Estate market in Sydney as the high clearance rates continue over the weekend.
Although we have noticed fluctuating results at open homes, buyers are still thick and hungry to purchase property.
This weekend saw 738 Properties listed to go to Auction with 559 reported to have taken place.
Of the 559 that took place a staggering 514 were reportedly sold under the hammer.
As has been the case from the beginning of the year, aside from the first slow week back, the Auction clearance rates have been soaring above 80% dropping only slightly for ANZAC weekend and Easter.
Last weekend saw us up around 89% or 90% depending on which figures one relies on.
The median house price across Sydney is still up, showing that we are not relying on cheap ‘flips’ and small apartment sales to attribute to this success – This weekends median house price results were up at $1,015,000.
Good luck buyers, good luck vendors
Thomas Merriman..
Thomas Merriman 