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Auction Results – November week 4

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Auction Results – November week 4

Yet another immense week of real estate sees extremely similar figures to last week, with 173 scheduled auctions and 108 results available.

Of these, 70 properties were sold, yielding a 65% clearance rate, an identical figure to last week’s, which conforms to the favourable but less than spectacular clearance rates of recent weeks.

The average selling price of this week is $670,422, falling short of the $700,000-plus figures seen this time last month, but clears the $635,198 figure of the previous week, and maintains the high $600,000 trend seen throughout November.

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A steady stream of million-dollar property sales has boosted these November figures, and this week is no exception. Four properties exceed the lofty seven-figure benchmark, the greatest almost doubling it.

2/25 Glenunga Avenue, in Glenunga, curls three $10,000 fingers over the million-dollar edge, with a selling price of $1,030,000. Daniel Oliver and Brandon Pilgrim of Ray White Real Estate attained this figure, for the luxury property nestled in the gated community of ‘The Birches,’ shaped by award-winning architect Russell Prescott, and graced by a Northerly aspect and winning location.

The second and third-highest sales of the week can be ascribed to the same prosperous team of real estate agents – Nick Baranikow and Kathryn Roberts of Harris Real Estate. One of their sales is a complete and resplendent home to move into and settle down in, the other a sprawling, untapped allotment of potential.

The first of these is 11/165 Beulah Road, Norwood. Again, this home benefits from prestigious design, of Chasecrown Homes in this case, and esteemed location, the security of a private cul-de-sac and proximity to Bath Hotel sweetening the deal.

The second-highest sale of the week climbs a quarter-way to a second million, 80 Tusmore Avenue, Tusmore, selling for $1,250,000. The deceased estate is an opportunity for redevelopment and expansion, the enormous 1,323 square metres providing extensive possibilities for the buyers.

The highest sale of the week is the immense $1,925,000 paid for 471 Esplanade, Grange. Penny Riggs and Troy Tyndall facilitated the sale of this home – with idyllic seaside views enjoyable from two storeys and a plethora of open, immaculate and luxuriously styled areas; every cent of this price-tag is earned.

This week is the latest in a long line of exceptional weeks of real estate, which routinely exceed 100 scheduled auctions and maintain favourable clearance rates and average selling prices. This is a trend that shows no sign of dipping.

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