25 Sep Sydney Property Auction Results – Saturday 24th September, 2016
Posted at 11:32h
in Market Analysis
Sydney Property Snapshot – Saturday 24th September, 2016
| Property snapshot | |
| Listed auctions: | 717 |
| Reported auctions: | 530 |
| Sold: | 467 |
| Withdrawn: | 42 |
| Cleared: | 82% |
| Total sales: | $525,790,399 |
| Median: | $1,300,000 |
| Source: | Australian Property Monitors |
Sydney had a huge weekend of auctions with 26% more properties ( 150) listed for auction than the weekend prior. Total sales increased 38% over 17th September and the median property price increased 6.5% to $1.3m.
17a Awaba St, Mosman, a fixer-upper on a battle-axe drive sold at auction for $3.7m, after initial price expectations of mid-high $2m’s. A lot of local buyers battled it out for the opportunity to renovate and capitalise on potential Balmoral water views.