80% Clearance Rate
$588,875 Average Sale Price
Get full results spreadsheet here…
Auction Results – 24 – 25 April 2016
(Data supplied by the Society of Auctioneers & Appraisers, 27/4/2016)
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“Play by Play” Auctions Report
Australia remembers, as one of the most important public holidays on the Australia & New Zealand calendars, Anzac day long weekend Saturday & Sunday saw an army of buyers flood the auction circuit. Interestingly Master Auctioneer Brett Roenfeldt had the weekend off as all booked properties sold prior.
MSAA Lindsay Warner the current Harcourts SA Champion Auctioneer & two time SA Life Golden Gavel winner captivated audiences over the weekend achieving an unconditional sale under the hammer at Mawson Lakes which for most auctioneers is a daunting task. Mawson lakes can be a tough auction neighbourhood but with Lindsay’s strong negotiation and auction skillset sold 13 Lorentz Court for above reserve price.
I had nine auctions over the weekend literally in all 4 corners of Adelaide metro, 6 out of 9 sold under the hammer.
MSAA Alexi Broikos (Refined Real Estate) offered 18 Barker Rd by public auction and sold under the hammer for $1,433,000 bought by a purchaser for land value (even though the home was a beautiful Gentleman’s Bungalow) achieving a tickle over $1,000 per square meter for the allotment.
MSAA Nick Psarros (Ray White Port Adelaide) achieved an excellent cash unconditional result at both properties offered in two separate auctions at Alberton (even with a really annoying barking dog next door to one of the properties)
Andrew Biszczak (Open Door Real Estate) sold 6 Wingfield street Clovelly Park with lots of competitive bidding for over 10% above reserve price highlighting a strong demand for redevelopment opportunities in the Southern suburbs of Adelaide
Amkar Real Estate offered an exciting property at 16 McCulloch Ave Klemzig and the bidding went absolutely crazy starting at $450k being announced on the market at $530k and eventually selling after literally 100 live bids to an ecstatic buyer for $621,000.
Written By Independant Auction Specialist, AJ Colman
From the Field
MSAA Jonathon Moore
7 from 8 Sold over the weekend, here is a snap shot!
Findon 139 Chrittenend Road: 1 registered, Vendor bid to open at $400,000 bidder increased to $405,000 then 1 on 1 negotiations up to $435,000 Sold
Blair Athol 14 Audrey Avenue: 1 registered, Vendor bid to open at $420,000 bidder increased to $430,000,( they offered $450,000 prior) 1 on 1 negotiations up to $465,000 Sold
Woodville Park 1 Oxford Street: 1 registered, Vendor bid to open at $440,000 bidder increased to $450,000 then 1 on 1 negotiations up to $505,000 Sold
Prospect 32 Te Anau Avenue: 6 Registered, I asked for a fair & reasonable opening bid. $400,000 was called out which I rejected. I called a Vendors bid of $450,000 and 2 bidders took it quickly to $530,000.
The under bidders called out $1000 of which I politely rejected. 1 on 1 negotiations then started with the $530,000 offer , they eventually won the property for $600,000.
MSAA Lindsay Warner – Harcourts Williams
Mawson Lakes 13 Lorentz:
In a region where there are a considerable amount of homes on the market and not being traditionally an “auction” area, this result achieved a cash unconditional result for the owners in just 21 days.
The vendors had built the home in 2009 and were moving onto a larger home to suit their growing family and were looking for a clear sale result so they know exactly what they had to spend on their next home.
Initially marketing without a price to determine market feedback on market expectation, the price guide of $440,000 was placed in the advertising in the 2nd week.
There had been significant interest mainly from young families looking to move into the area throughout the campaign.
On the day there was just one registered bidder with several groups subject to terms and conditions. With an opening bid near the vendors expectation, a small amount of backwards and forwards negotiation, and a SOLD under the hammer was achieved.
Prospect 3/209 Prospect Road:
A 1970’s traditional 2 bedroom unit in a group of single units had been renovated over the last 6 years or so by the current owners. Interestingly the main prospective purchaser was in Sydney and the auction was attended by father, mother and sister who were all based in Adelaide. Again with just one registered party, but some interested neighbours in attendance, the auction was held over and negotiations commenced. In this case the vendor had been very keen for a price perhaps considered at the upper end of expectation but the auction program had quickly determined a market price based upon the feedback throughout the marketing campaign.
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