Recovering from last week’s holiday-stricken results, some of the most favourable figures seen in month, albeit boosted by comparatively low volume.
Of a sizeable 95 scheduled auctions, a middling 47 results are available. 33 of these sold for a stellar 70% clearance rate.
This is up from 61% last week, though a public holiday makes this an unfair comparison. The week prior saw a clearance rate of 68% but slightly higher volume, with 105 auctions scheduled and 69 recorded.
This week’s lower volume weakens slightly the impressiveness of its clearance rate, but it is nonetheless the highest clearance rate since early March, which again achieved a high rate rate with a greater volume than this week.
An average selling price of $682,932, in keeping with the figures seen throughout April and March. Buoying this average is four sales which exceed $1 million, all of them occurring on Saturday.
Third-highest of these is the sale of 27B River Street, in Saint Peters. Earning its price-tag are the expansive five king-size bedroom living plan, crisp white multi-story modernity and balcony views of both the swimming pool and the home’s excellent location – leafy suburbs surrounding, parks, schools, cafes and the CBD in close proximity.
Sally Cameron of Toop&Toop Real Estate facilitated the $1,300,000 sale, and spoke to SA Real Estate News at the beginning of the year on her approach to real estate.
3 Redounau Crescent, in Wattle Park, was delivered to a $1,425,000 selling price by Hamish Mill of Harcourts Williams.
A red-brick monolith sits on a hillside estate of approximately 1119 square metres, the exterior boasting an alfresco terrace, granite paving, a rear alfresco featuring tiered gardens filled with potential, and a spectacular first impression.
Inside, the grandeur continues, with expansive foyers, panoramic views, and countless luxurious touches.
Exceeding the above sale by a mere $1,000, however, is that of 10 Elderslie Avenue, Fitzroy, for which Oren Klemich and Marina Ormsby of Klemich Real Estate attained a selling price of $1,426,000.
This sale is one of immense opportunity, a five-bedroom building constructed circa 1958 sitting on an allotment of approximately 1073 square metres.
The surrounding area contains prestigious schools, proximity to the inner city and tree-filled, picturesque suburbs.
This week is also indicative of potential, South Australia’s real estate sector settling into consistent and favourable results in this mid-year period. If this week’s rates and averages could be maintained with a surge in volume, the market would near the excellence seen throughout 2017.