Sydney Real Estate Results February 9th, 2019

Sydney Property Market Auction Results – February 9th, 2019

 

Property snapshot
Listed auctions: 295
Reported auctions: 206
Sold: 136
Withdrawn: 31
Cleared: 57%
Total sales: $100,561,000
Median: $1,000,000
Source: Australian Property Monitors

 

Sydney had almost three times as many properties listed for auction this weekend than the weekend prior. Illustrating that volumes in the Sydney real estate market are starting to ramp up. As I wrote in last week’s property article, expect February 23rd’s auction results to be a good barometer of the state of the Sydney property market.

This week, the median price increased $145,000 and the auction clearance rate increased from 49% to 57%. There weren’t any $3m+ properties listed for auction, which makes sense as buyers need time to see the properties and mentally prepare. This week the highest priced sale was a 3 bedroom waterfront Manly apartment, which sold for $2.7m (see below).

Three of this week’s top 5 auction sales were on the north shore in Manly, Balgowlah and Artarmon. Rounding out the top 5, was a unique property in St Peters (feature image above) and an updated family home in Kogarah Bay.

Top 5 Property Auction Sales:

 

4/8 Addison Rd, Manly

4/8 Addison Rd, Manly

 

2 Cooney Rd, Artarmon

2 Cooney Rd, Artarmon

 

41 Hutchinson St, St Peters

41 Hutchinson St, St Peters

 

11 Ethel St, Balgowlah

11 Ethel St, Balgowlah

 

30 Lacey St, Kogarah Bay

30 Lacey St, Kogarah Bay

Until next week,

Bernadette

 

Bernadette Brennan is the Principal and founder of Premier Home Finders, a specialist real estate buyers agent located on Sydney's lower north shore.