Home Auction Results Auction results: May week 3

Auction results: May week 3

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Adelaide’s auction clearance rate fell from 74% to 53% after a relatively quiet week of auctions.

Of the 30 properties up for auction by members of the Society of Auctioneers and Appraisers, only 16 sold on the day.

That was a considerable decrease compared to the week before where 26 out of 35 properties sold at auction.

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The average sale price also fell to $601,031, despite two properties selling for over a million dollars.

Jonathon Moore and Beverly Philpott – agent at D B Philpott – had the largest sale of the weekend as a beautiful 6 bedroom home in Prospect sold for $1.26 at auction on Saturday.

Constructed in 1910, data from CoreLogic shows that the property was last on sale in 2000 where it sold for $291,000 – considerably lower than its sale price over the weekend.

Moore had one other property sell at auction on Saturday for $600,000.

Earlier in the week on Wednesday, Moore had two properties up for auction.

A 3 bedroom home in Allenby Gardens sold for $591,000, while a 2 bedroom in Croydon Park fetched $537,000 as Moore finished the week with a 100% clearance rate.

The second largest sale of the week belonged to Brett Roenfedlt and Jason Spagnoulo of Ray White City Edge as the gavel was brought down at $1.15 million for a 3 bedroom home in Firle.

Towards the start of the week on Tuesday, Roenfeldt brought the gavel down at $381,00 for a 3 bedroom home in Pennington.

Roenfedlt also had 4 other sales for the week, all on Saturday.

Michael Cavuoto had the only sale on Sunday the 21st with a 3 bedroom home in Findon going for $520,000.

Three properties sold at auction on Thursday with Brett Pilgrim recording the largest sale for the day with $559,000 for a 2 bedroom home near South Terrace in Adelaide’s CBD.

David Smallacombe and Tony Tagni also had sales on Thursday.

*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

Jonathon Moore & Beverly Philpott: 21 Azalea Street, Prospect

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