The last of the Auction campaigns for 2016 are beginning over the next week or so and with that we are seeing a flurry of buyers also hitting the market. The weekend just gone saw a very large – 792 – number of properties go to Auction. Buyer numbers certainly seem strong, still, at open … More Real Estate Market Commentary OCTOBER 29TH
Quick post; There were originally 673 Auctions scheduled across Sydney at the weekend with 198 taking place and 428 reported to have been sold under the hammer. There were 47 withdrawn for whatever reason. The Clearance rate was still high at 80% and the median was $1,222,500 which is very high. Thomas Merriman.
Another School Holiday weekend with great results for the property market, insofar as Auction results, which is great! There were originally 651 Auction scheduled for the weekend with 466 reportedly taking place and of those, 394 were sold under the hammer. There were also 34 properties withdrawn for whatever reason. The median price of property … More Real Estate Market Commentary 8TH OCTOBER
September was a big month in Sydney for property sales with the continuation of the high market, prices have remained high and stock has continued to turn over at a solid rate. Auction clearance results peaked for the year at close to 90% depending on which publication one trusts, be it RPData or APM etc. … More SEPTEMBER, WRAPPED UP
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 … More Real Estate Market Commentary 1ST OCTOBER
Over-sized garden view apartment, village setting Delivering proportions not often found in apartment living, this ground floor residence enjoys an unbreakable connection with its superb garden surrounds capitalised upon with wraparound expenses of picture windows. One of only eight in the solidly built block, it enjoys a premier setting central to a vast array of … More 2/47 GRANDVIEW STREET, PYMBLE – SOLD – $850,000
SOLD BY Thomas Merriman with Jame Sutton off market. This property was purchased from a buyer in our database who was looking to knock-down and rebuild. James and I managed to get the deal done quite quickly at a great price for both parties.
Scheduled Auction numbers at the weekend represented a figure more in line with what we expect for a Spring market when comparing to the past few years’ figures. Surprisingly, the clearance rate was still quite high, not as high as last week, but with a sharp surge in auction numbers the clearance figure remained strong. … More Real Estate Market Commentary 24TH SEPTEMBER
There is a lot of talk of ‘low stock levels’ at the moment, and considering that normally we are seeing around 6/700 Auctions occur on a Saturday (at this time of year) we still had 567 scheduled – Which isn’t a significant drop. I would also suggest that while the market hasn’t really made a … More Real Estate Market Commentary 17TH SEPTEMBER
The big news at the moment seems to be the ‘lack of stock’ because everybody needs justification as to why the market is either high or rising or about to crash. There is definitely truth in that though, there is a lack of stock but we have had a few years of very active selling, … More Real Estate Market Commentary 10th SEPTEMBER
Thomas Merriman 