This lucrative sales period shows no signs of stopping, as this week’s enormous real estate figures indicate. 132 auctions were scheduled, of which 92 results were recorded.
11 of these sold prior to auction, 47 sold at auction, and 1 sold after, amounting to 54 of the 92 recorded sold, and a 64% clearance rate. Though not a fantastic figure, in weeks of such high volume, there is little to complain about.
The $696,087 average cannot reach the immensity of last week’s $718,992, but is extremely impressive nonetheless. As with last week, a plethora of sales exceeding $1 million deliver the week to such a figure.
The two highest sales for this week are, 137 First Avenue, in Royston Park and, 8 Grandview Grove, in Dulwich. Both are picturesque character bungalows in close proximity to the City, in favourable locations, both have pools and spacious allotments contributing to boost each of them almost all the way to $1.5 million.
8 Grandview Grove sold for $1,483,000, due to the efforts of Andrew Welch of LJ Hooker Real Estate. While Lachlan Turner and Harrison Evans attained the $1,405,000 selling price for 137 First Avenue.
According to data provided by CoreLogic, the latter last sold in January 2009, for $1,121,000, this sale representing a considerable profit for the previous homeowners.
Trailing slightly behind is 21 Northgate Street, located in the illustrious suburb of Unley Park. This bay window villa is a refined, modern home, with close proximity to King William Street enhancing its allure.
Like the two highest sellers of the week, 21 Northgate Street unites the trifecta of style, character and location. Matt Scarce and Nathan Gherghetta had much to work with when seeking the home’s impressive $1,320,000 selling price, in a week overflowing with highly lucrative sales.
This robust week comes in the wake of a nationwide downturn in real estate growth, but one that Adelaide is steadily rising in spite of.
Indeed, predictions of a strong selling season in Adelaide are being met, and the trend of lucrative, positive real estate looks to continue in South Australia.