Now that we are entering Spring, I think we are all expecting that the market is about to ‘open’, which seems a funny way of thinking about Real Estate now, since Winter has been so good 3 years in a row.
We did see a climb in the median sale price on Saturday which is no surprise as the premium end of the market seems to be moving along quite nicely, dragging everything else up with it.
There were 537 Auctions scheduled to take place which is a large but not unusual number, of those properties 410 took place. There were 360 properties sold under the hammer with 40 withdrawn, for whatever reason.
The big news is the median sale price climbing to $1,270,000. As one scrolls through the results from Auctions on Saturday it is obvious why, there are a larger and larger number of properties selling in the $2M and $3M ranges now at Auction.
The Clearance Rate; 80% – still well up there.
Thomas Merriman.
Thomas Merriman 