Results from our 24 September Auction

Our 24 September portfolio was our 34th portfolio for this year, with ten properties from across our Eastern Beaches residential area giving buyers an opportunity to buy a variety of property type, price range and location.
As with previous weeks, a large crowd filled the Headsail Room of the Bucklands Beach Yacht Club, the home of Ray White auctions, to either take part in the buying process for the properties within this auction portfolio or just to come along to see what is selling and for what price to give an idea of what is happening very currently in the real estate market.
It is interesting that our current auction success is mirroring that of our nearest bigger city neighbour Sydney, however we are showing stronger auction numbers with a greater commitment to achieve unconditional sales for our vendor clients.
We experienced bidding which was a little laboured at times, however we do not apologise for the time taken and our commitment to helping buyers buy and vendors sell while the auction is being progressed, plus we finalised the evening achieving immediate post auction sales.

Sales “under the hammer” included:

  • 88B Nelson Street, Howick which was brought forward from its scheduled 1 October auction date selling at $820,000 with this property going to another first home buyer. (It’s always very satisfying to see a first
    home buyer sell to another first home buyer.)
  • 1 Coquille Place, Half Moon Bay sold at $1,750,000
  • 2 / 10 Burford Place, Mellons Bay sold at $1,675,000

Post auction sales were negotiated with the highest bidder for:

  • 8 Hayes Place, Half Moon Bay
  • 13 Quartley Place, Huntington Park
  • 187 Gills Road, Half Moon Bay

33 Jill Teressa Crescent and 56 Ennis Avenue attracted bidding interest and we continue to negotiate with interested buyers.
So, a very pleasing result for our vendor clients, an excellent positive buyer reaction, after three weeks of marketing but also a great result for buyers who were able to secure quality homes in very popular residential neighbourhoods. Once again our confidence in our auction programmes was justified. Some vendors are not always able to accept buyer expectations of price for various reasons but auction marketing is a very positive way of testing the market in a defined space of time to determine if the buyers price will enable them to make the lifestyle/ property change they envisage. In addition to the comments above , there are always various reasons why potential buyers cannot meet the terms of an Auction For Sale and Purchase Agreement which is a totally unconditional agreement, however, we try to work with these potential buyers to attract the best conditional sale for our vendor clients.

Ken Ralph
Auction Services Manager