With the final set of auction results before the Christmas break, this week saw exceptional figures across the board, the peak that may precede the fall. Of 167 scheduled auctions, 116 results are available, matching the high volumes seen in recent months.
81 of the 116 were sold, resulting in a clearance rate of 70%, the highest since September. In the context of such high volume, 116 auctions recorded this week in comparison to September’s 79, 70% is a truly stellar clearance rate.
The average selling price for this week was $735,903. To find a week which exceeds this average, we must travel all the way back to April, its immense average of $763,800 aided by a comparatively small volume of 30 auctions.
The immense increase in volume seen over the course of the year is the result of higher recording rates rather than an immense increase in auctions held, and so April’s results cannot be said to compare to this week’s.
Bolstering this week’s exceptional figures are the currently customary deluge of million-dollar sales, nine properties exceeding this benchmark, one in particular tripling it.
The third-highest sale of this week is 22 Trimmer Terrace, Unley, which earned the selling price of $1,645,000. John Williams of Harcourts Williams Real Estate, facilitated the sale of this luxury villa.
Its location on one of the most picturesque streets in one of Adelaide’s most sought-after suburbs, creates lofty expectations – expectations that the heritage features, including water fountain and ornate fireplaces, luxurious exterior featuring a swimming pool, landscaped gardens and impeccable entertainment area, and eventual selling price do not fail to meet.
David Cook of Elders Real Estate secured the $2,400,000 selling price of 136 Frenchs Road, in Angaston, the second-highest of the week. Every aspect of this sale is immense.
The 370 acres across which the property stretches, the multiple levels, the possibilities afforded by a second home on the property, the natural landscape – all instil a sense of awe and excitement that earn this enormous price-tag.
The highest sale for this week has hauled the average selling price definitively skywards – $3,351,176 was the selling price for 1221 Tooligie Hill Road, Murdinga. Eyre Real Estate’s Richard Webb achieved this sum, the value of this property as much arable as it is domestic.
Stretching over 2,624 acres, this property title includes the Callamondah homestead and adjacent ‘Quarry Block.’ The former comprises of a sizeable stone villa featuring three bedrooms, a pool and spacious luxurious living, representing a lucrative investment in its own right.
‘Quarry Block’ consists of 26 paddocks, ‘blue ribbon,’ tightly held land with highly arable soil. It is a remarkable peak to a remarkable week, closing a remarkable year of real estate.
Whatever the case, with many dreams fulfilled and futures secured, the tremendous nature of the past twelve months is undeniable.