Manly house secures highest price at weekend auctions

Sydney Real Estate Auction Results – July 15th, 2017

Property snapshot
Listed auctions: 499
Reported auctions: 350
Sold: 279
Withdrawn: 40
Cleared: 72%
Total sales: $294,332,283
Median: $1,226,500
Source: Australian Property Monitors

The Sydney property market had a quiet few weeks over the July school holidays with vendors opting not to go to auction during this historically slow period. July 15th had 499 properties listed for auction, which is significantly less properties than normally would be auctioned.  There was a 72% auction clearance rate and a median price of $1,226,500.

The highest priced sale this week was a 6 bedroom home located at 5 College St, Manly, which sold for $5.2m.