Adelaide’s auction market regressed significantly over the weekend with only 15 out of 32 properties selling on the day.
Members of the Society of Auctioneers and Appraisers had last weekend off with the Easter long weekend disrupting the market, but they were unable to enjoy the success of a fortnight ago.
33 out of 44 properties had sold over the 8th and 9th of April as two fetched prices in the millions.
This weekend, however, saw a big decrease to just a 47% clearance rate and failed to have a single property reach 7 figures.
Brett Roenfeldt and Scott Robinson of Ray White Brighton came the closest to reaching a million dollar price, with a 3 bedroom home circa the 1930’s sold for $911,000.
The home has previously sold twice, according to data by CoreLogic.
In 2005 it sold for $543,000 and it sold again in 2008 for an undisclosed price, meaning its latest was a fair increase in value.
Roenfeldt had 4 other properties sell on Saturday, and had another 5 being held over for a 50% clearance rate from the weekend.
Jonathon Moore had the second largest sale on Saturday, with a 3 bedroom home in Hampstead Gardens going for $845,000.
Moore had two more properties sell on Saturday for a 100% clearance rate.
Mark Fricker and Trent Godfrey had two properties each sell at auction, while AJ Colman, John Bruce and Hamish Mill all had one.
Oren Klemich and Bronte Manuel had two properties sell prior to going to auction, while Michael Roberts had a property withdrawn.
14 properties were held over and had sales finalized privately.
29 auctions are currently in the books to take place over the last weekend of April.
*All results provided by the Society of Auctioneers and Appraisers*
If you wish to have your auction results included, please ensure your auctioneer is reporting their results to www.auctioneers.com.au
Scott Robinson & Brett Roenfeldt: 5 Farr Terrace Glenelg East