Auction

Results from our 17 September Auction

Our 17 September portfolio was our 33rd portfolio for this year, with 14 properties from across our Eastern Beaches residential area giving buyers an opportunity to buy a variety of property type, price range and location.
A very 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 came 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.
We experienced competitive bidding and immediate post auction sales due to last minute technical issues that are not uncommon when negotiating real estate sales.

Sales “under the hammer” included:

  • 2 Coachman Drive, Flat Bush – brought forward from its scheduled 1 October auction date, selling at $1,050,000
  • 137A Bucklands Beach Road , Bucklands Beach – $1,713,000
  • 29 Cherry Road, Bucklands Beach – $846,000
  • 2/73 Hattaway Avenue, Bucklands Beach – $840,000

Post auction sales were negotiated with the highest bidder for:

  • 45 Bob Charles Drive, Golflands
  • 187 Gills Road, Half Moon Bay
  • 4/58 Wellington Street, Howick

Offers have been presented and negotiations are continuing for five further properties, so we expect further clearances within the next few days.
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 or 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