There were 926 auction results available this week, ending the 19th February. A total of 550 were sold at auction, 191 were passed in, 185 sold prior to auction. There were 29 properties withdrawn. No properties were sold after auction this week. That’s a clearance rate of 79% (according to data from the Real Estate Institute of Victoria).
Have you ever wondered what these terms mean? Auction results available refers to the number of auction results collected by the Real Estate Institute of Victoria . Auctions sold refers to properties sold under auction conditions. Withdrawn refers to properties that did not go to auction. Passed in refers to property that did not sell at auction on the day.
According to Domain, auction volumes are seasonally strong, with strong weekly growth continuing, up by 15.5%. Auction volumes are expected to continue to rise as the market prepares for the autumn selling season. February, in particular, has seen a constant rise in auction volumes across Melbourne.
We stay on top of market trends and understand the ebbs and flows of real estate. If you need help with selling or buying but would like professional and personal assistance every step of the way, make a time with us to find out how Chamberlain Property Advocate can do this for you.
Talk to me about how I can help you buy your new home faster, for less.
We do offer our negotiate service for those buyers in the market looking to pounce on opportunities that arise. Get in touch if you’d like to know more.
Ask about our Home Buyer Search and Acquisition Service, where we do all of the legwork on your behalf to MAKE IT EASY to secure your new home.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
By Wendy Chamberlain
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With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent or Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.
