News Flash – Auction Results For The Sunshine Coas<< Back to Blog
Another very successful and exciting in room auction was held by the team at North Shore Realty at Ramada Surfair in rooms last week. There were 15 properties presented on the night to a crowd of over 80 people with the announcement of 5 SOLD prior to the auction, 3 negotiated and sold under the hammer and 7 others now passed in with further negotiations occurring with interested parties under finance conditions.
There was an interesting cross section of properties on offer in our recent auction with vacant land, units and houses put up for sale in numerous price ranges starting at the budget price of $250,000 to prestige properties over $1million so an array of properties to attract all types of buyers – investors & owner occupiers!
Our Auction clearance rate is an impressive 76% from all our auctions (including post auction sales) which is more than double the state average! Our sales for the past quarter are up and it’s easy to see from all the sold signs appearing around our area that sellers are now realistic with the challenging market conditions and sales are happening!
Astute buyers are now out buying as they feel the market could be close to the bottom of the cycle and don’t want to miss out on purchasing now to get perceived value for money before all the bargains are snapped up! Our next in room end of financial year Auction will be held on the 14th June 2012.