Long weekend; lower stock being taken to Auction, lower clearance rates and lower median sale price. … Normally.
Although the figures were slightly down which is to be expected around a long weekend, we still saw some strong results.
There were originally 263 properties scheduled to go to Auction with 187 reported to have taken place and 160 sold, under the hammer. 22 properties were withdrawn for whatever reason.
The median sale price of property sold under the hammer at the weekend was still strong even compared to a normal weekend a $1,070,000.
Clearance rate of 77%.
The high figure from the weekend could be attributed to this sale at 4 Abernethy Street, Seaforth which sold for $4,100,000.
There were also some sales in the $300,000 and $400,000 ranges in Berkely Vale and Lakemba, giving us a very wide split at the weekend.
Thomas Merriman.
Thomas Merriman 