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Auction results – June week 2

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Auction Results – June week 2

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.

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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.