Auction Wrap for the week ending 2nd August 2020

It’s Week 31 of the year and as Victoria braces and prepares to enter stage 4 Restrictions, our Real Estate market continues to defy all odds and expectations. VIC recorded over 1,400 Transactions which was 8 weeks in a row with over 1,000 weekly sales. Nationally, we had 5,411 transactions, (164 more than last week and 1,203 more than the same week last year) that’s 7 continuous weeks of Sales above 4,700 weekly Nationally. The National Figures of 5,411 is the highest amount of Sales Transactions in 22 Weeks and it’s also the 3rd Biggest Transactional week of 2020. The trendlines, both for VIC & Nationally, continue to rise
We’ve been having outstanding results with our OBrien Auctions also, with 8 out of 12 Sold this week
“OBrien Auction TV” Highlights for Episode 11: https://www.youtube.com/watch?v=wBc3zlDrbtg

Auction Wrap for the week ending 19th July 2020

It’s Week 29 of the year and Victoria continues to buck the Trends and Predictions based on Week 2 of Stage 3 restrictions VIC recorded almost 1,400 Transactions which was the 6th best week in 2020, it was also our highest Transactional week since mid-March. Nationally, we had over 5,000 transactions, which is the 2nd highest amount in 17 weeks. These high levels of Sales Transaction Numbers are equal to the period prior to COVID. The trend lines, both for Vic & Nationally, continue to move upwards. We’ve been having outstanding results with our OBrien Auctions with 7 out of 9 Sold last week a 78% clearance ($6mill of Total Sales), utilising OBrien Auction Live TV.

Auction Wrap For the Week Ending 1st March 2020

As we head into March, February 2020 saw the highest number of auctions scheduled at OBrien Real Estate since the company started in 2010. There were auctions scheduled in more than 40 suburbs throughout the month with an overall clearance rate of 83% and the year to date for 2020 is 86% clearance.

For the week ending 1st March 2020 the team at OBrien Successfully sold 82 % of the Auctions scheduled with an average days on market of 24 days.

With the results collected thus far the Victorian clearance rate is  79 %

Auction Wrap For The Week Ending 16th February 2020

There were 717 Auctions scheduled In Victoria this  week and of the results collected thus far a clearance rate of 79.2 % has been recorded. This is the highest volume of auctions for a week in 2020. Although consumer spending is down the real estate market appears to be strengthening week on week.

At OBrien Real Estate there were Auctions scheduled in 9 different suburbs with a Clearance rate of 75%.

Auction Wrap For The Week Ending 9th February 2020

Exciting times in real estate with the strong start to the year continuing week after week

OBrien Real Estate had auctions Scheduled in 15 different suburbs and recorded a 75% clearance with an average days on market of 24 days. With the results collected thus far the Victorian clearance rate is very similar at 74%.

Auction Wrap for the week ending 2nd February 2020

The first weekend of February has produced another round of exceptional results for clients of OBrien Real Estate who chose the Auction method of sale with a 89% clearance rate across the group this week. The number of attendees at auctions this week was very high with several auctions having more than 100 people in attendance. Looking at the month of January in review 100% of all auctions scheduled at OBrien Real Estate sold.

For the rest of the state, of the results collected thus far in Victoria, a 78% clearance rate has been recorded