It was good to have a sunny long-weekend, although we could do with some rain now, before it gets too hot. Further, long-weekends are the only chance some agents get for 2 days off in a row and quite possibly 2 days off in a single week.
Due to the excitement of the long-weekend and the planning around it people are often engaged in chores around the house, activities with the kids or travelling so scheduling an auction can be a bad idea. However, for certain reasons some still occur.
There were originally 42 Auction scheduled to go up with 258 reported to have sold under the hammer. The Clearance Rate was 65% and the median sale price was $1,080,000.
As discussed above, the long-weekend can often be a tricky time to auction a property, this is evident given the large amount of property scheduled and sold the week prior and the growing number of property scheduled over the next few weeks.
It is also important to note that in this turbulent market a lot of good property is selling prior to Auction and these results typically don’t make it to the fore when discussing the market in general, which is unfair given they may be some of our best results.
Thomas Merriman.
Thomas Merriman 