Auction Wrap for the week ending 13th October 2019

Auction sales remain strong with 879 auctions scheduled in Victoria this week and with the results collected thus far a 75% clearance rate has been recorded. There has been a resurgence in Auction sales in the South East Suburbs within the municipalities of Cardinia, Casey, and Greater Dandenong. The team at OBrien Real Estate achieved a 82% success rate at auctions this week with an average day on market of 26 days. A notable sale in Narre Warren North this week which required by request of the vendor formal registration of bidders prior to the auction. There were 16 registered bidders of which more than a dozen competed for the property with an eventual selling price of $1,970,000.

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