Melbourne’s property auction clearance rate stayed north of 80% for the second week running this week.
According to the industry peak body the Real Estate Institute of Victoria, 1,063 residential auctions took place between February 27 and March 4 and 81% of those listings resulted in a sale for their vendors. It was a similar story the week before – 81% of 1,386 auctions.
And we have just received the REIV’s summer season round up, which shows there were almost 5,600 auction sales across the suburbs between December 1 and February 28.
That is the highest number of transaction on record and super news for vendors who committed to this highly effective and transparent sale method.
It is no surprise we are big fans of the auction sale method here at Greg Hocking.
Our highly skilled and experienced team of trained auctioneers lead our buyers and property sellers to thousands of satisfying sales every year for prices that reflect exactly where the market sees our city’s value.
Public auctions are fair. They help vendors stay in control at all times, with fixed timeframes they can plan their lives around.
I see no better way list most properties than a professional marketed and executed auction – and we all know Melbourne is the world-recognised auction capital of the world.
Melburnians just cannot get enough auction listings in this current upbeat market environment.
Call us today to arrange an obligation-free property appraisal of your property.