Auction Wrap for the week ending 8th December 2019

Great news for clients of OBrien Real Estate with the team achieving an 82% clearance at auctions this week.
This week we a look at the national figures which again support the strength in the property market not only here in Victoria but also across the country.
There were 2,837 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 74.5%. Last week, in what was the busiest auction week of the year, 3,206 auctions were held and the final clearance rate came in at 73.6%. Over the same week last year, auction volumes were lower with 2,631 homes going under the hammer across the combined capital cities, returning a final auction clearance rate of just 41%.

Auction Wrap for the week ending 1st December 2019

OBrien Auctions, month in review. The team at OBrien for the month of November scheduled 101 auctions across 47 suburbs and towns across the state, with a success rate selling 81% within 25 days on the market.
Across the state of Victoria for all agencies for the week ending the 1st December there were 1497 Auctions scheduled and with the results collected thus far there has been a 78.3% clearance rate recorded

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.

Auction Wrap for the week ending 15th September 2019

There were 773 Auctions scheduled in Victoria for the week ending 15th September 2019 and of the results collected thus far there has been 76% clearance rate recorded. The team at OBrien Real Estate achieved 75% clearance with an average days on market of 25 days.

It’s astounding the crowds the team are getting at Auction times with several auction crowds exceeding 150 spectators.

 

Auction Wrap For The Week Ending 8th September 2019

Spring has sprung and the Real Estate market had responded to the traditional selling season in fine form with 693 Auctions scheduled in the state and of the results collected thus far a 79% clearance rate has been recorded, at OBrien Real Estate the team achieved  82% success with their Auctions for the week.

A stand out result is a Mount Waverly property that received an incredible 110 bids in a marathon auction lasting around 40 mins.

Auction Wrap for the week ending 1st September 2019

August Auction month in review, OBrien Real Estate scheduled auctions in 36 different suburbs with 77% success, an average days on market for the month 27 days , total sales volume $38,808,000 with and average sale price of $905,788
For the week ending the 1st September the Victorian clearance rate according to the results collected thus far is 76%

Auction Wrap for the week ending 25th August 2019

With high attendance at all OBrien Auctions this week the team achieved 82% success at auction for the week ending 25th August 2019.
Statistics produced by one of Australia’s leading real estate data sources have shown that this weeks Melbourne clearance rate has been the strongest for the same week for the last five years .
2019 – 81%
2018 – 56.6 %
2017 – 72.3 %
2016 – 77.4%
2015 – 74.3%
As this week is the last week of the winter market and the Spring market gets into gear we expect volume and clearance to remain strong.

Auction Wrap For The Week Ending 18th August 2019

What a week at OBrein Real Estate with 100% success at auction for the week ending 18th August 2019. Here’s the numbers behind the scenes that support the team’s success. Auctions were held in 12 different suburbs across 5 municipalities, selling entry level property at $435,000 through to highest selling price $1,725,000 with an average days on market of 25 days. For the state of Victoria, a 78% clearance has been recorded thus far