There was just one million dollar auction in Adelaide last week as the auction market regressed slightly compared to the previous week.
73 auctions were held across the week – just 4 less than the week prior – with 49 properties sold either on the day or prior to going to auction.
The clearance rate took a hit due to the low numbers, falling from 75% to 67% at the conclusion of the week. With only one property fetching a million dollars, the average sale price fell by $41,523 to $550,029 at the end of the week.
Jordan Begley and Peter Brown of Toop&Toop Real Estate took out the honours of having the most expensive sale for the week as 33 Robsart Street in Parkside which sold for exactly $1 million on Saturday the 24th.
Constructed over 100 years ago in 1910, the villa sits on 789sqm block of land and is ideal for keen renovators looking to give the property a facelift, or even develop it into something new.
The only property that came anywhere close to matching the price tag of 33 Robsart Street was 11 Warrego Crescent in Linden Park which sold for $940,000 on the same day.
Nick Baranikow and Kathryn Roberts of Harris Real Estate Glenelg were the selling agents for the 1950s brick home.
At the start of the week on Monday the 19th, 14 Churinga Street in Aldgate sold for $776,000 – making it the largest sale of the day and giving Harris its second property inside the top 10 most expensive sales of the week.
Data from CoreLogic shows that the property was last on the market in 2009 where it sold for $585,000 – selling agents Arabella Hooper and Elle Seaman netting the previous owners a $191,000 profit.
10 properties sold prior to going to auction last week, with 3 Norris Court in Torrens Park the most expensive of those whose prices were disclosed. Luke Holden of Belle Property Unley handed over the keys to the property to its new owners.
In total, 13 properties that sold at auction or prior to going to auction had their sale prices not disclosed to the public.
23 properties were passed in throughout the week, the majority of which occurred on Saturday.
Jordan Begley & Peter Brown – Toop&Toop: 33 Robsart Street Parkside