Loudoun County Government’s Post

AUCTIONS: This week is poised to be the most bustling auction week in the capitals since early April and the second busiest this year, with 2,436 homes lined up for auction. This is a 7.1% rise from last week's 2,275 homes and 10.6% more than the 2,203 auctions from the same period last year. SYDNEY is the busiest city As the spring selling momentum grows, this will be a significant gauge of the market's vitality. BRISBANE is gearing up for its most active week since late April, with a 36.4% increase from last week, scheduling 180 homes for auction. Looks like low stock on the market in comparision to the major cities like Sydney and Melbourne! What are your thoughts?

Melbourne is set to see auction volumes hold above 1,000 again this week with 1,120 auctions currently scheduled across the city, up 6.0% on last week (1,057) and 50.5% higher than this time last year (744). According to CoreLogic, across the country, auction volumes are set to increase 5.1% week-on-week with 2,315 capital city homes currently scheduled for auction making it the fifth busiest auction week of the year. The previous week saw 2,202 homes taken to auction across the combined capitals, while this time last year, 1,692 auctions were held. Sydney is expecting 835 auctions this week, up 10.6% from 755 last week and 28.5% higher than one year ago when 650 auctions were held across the city. #auctions #melbourneproperty Jarrod McCabe Brenton Potter Lucy Black Dean Morrison

The February auction market is starting off with a bang. Melbourne is set to host the busiest auction market this week, with 608 homes slated to go under the hammer. According to CoreLogic this week's expected volumes are more than triple those seen last week (192), nearly double the auctions seen in the month of January (313) and are 47.2% higher than this week last year (413). Nationally, 1,706 homes currently scheduled for auction across the combined capitals. Although this year’s January ramp-up has been somewhat slower than the previous few years, this week is set to be the second busiest start to February on record. Sydney auction numbers are set to surge this week, with 591 homes currently scheduled for auction, up from the 151 auctions held in January. This time last year, Sydney auction activity was -28.3% lower, with 424 homes auctioned. #auctions #melbourneproperty Jarrod McCabe Dean Morrison Brenton Potter Lucy Black

Melbourne is set to host 856 auctions this weekend, as the Spring market draws ever closer. While auction numbers are set to be down 2.4% from last week (877), they are 9.9% higher than this time last year (779). According to CoreLogic, the combined capitals are set to host the busiest auction week since early April (2,687) and the fifth busiest auction week of the year-to-date, with 2,133 homes currently scheduled for auction. Sydney is set to be the busiest auction market this week, with 890 homes scheduled to go under the hammer. It's shaping up as the city's busiest week since before Easter, with this week's auction numbers up 16.3% compared to last week (765) and 39.3% above the 639 auctions held this week last year. #auctions #melbourneproperty Jarrod McCabe Dean Morrison Brenton Potter Lucy Black

🏠 Auction Season Off to a Strong Start in 2024! 🚀 ⚡️ Key Takeaways: 1. Last week marked an impressive kickoff to the auction season, ranking as the second-largest since 2008, boasting a total of 1,671 auctions across the combined capitals. 2. Auction activity surged by 26.4% compared to the same period last year, more than doubling the number of capital city auctions in the current year. 3. The preliminary clearance rate soared to 73.9%, marking the highest since August 2023. 4. Melbourne and Sydney took the lead with 603 and 562 auctions respectively, both witnessing a substantial uptick in auction activity compared to the previous year. 5. Canberra led in preliminary clearance rates at an impressive 80.0%, followed by Adelaide and Brisbane at 77.6% and 68.5% respectively. 🌏 Auction Insights in WA: While Western Australia saw a more subdued auction scene, notable were a couple of online auctions that caught our attention. 🤔 Your Thoughts on Online Auctions? As the real estate landscape evolves, we're curious about your thoughts on online auctions. Have you experienced or considered this approach? Share your insights! 💬🏡 #RealEstateTrends #AuctionSeason #PropertyMarketInsights

Daunted by the thought of selling at auction? While auctions can be an exciting way to drive up competition and deliver a higher sale price, for some vendors the prospect of selling their home this way can prove daunting.     If this applies to you then our latest blog - featuring our Chief Auctioneer’s top auction tips for sellers - will help ease your fears.    Head to the link below to read now. https://lnkd.in/gGiU-SEG #belleproperty #homesforsale #homes4sale #sellmyhome #homesales #propertysales #housesale #apartmentsale #unitsale #realestateblog

Daunted by the thought of selling at auction? While auctions can be an exciting way to drive up competition and deliver a higher sale price, for some vendors the prospect of selling their home this way can prove daunting.     If this applies to you then our latest blog - featuring our Chief Auctioneer’s top auction tips for sellers - will help ease your fears.    Head to the link below to read now. https://lnkd.in/g4_jdHQX #hockingstuart #homesforsale #homes4sale #sellmyhome #homesales #propertysales #housesale #apartmentsale #unitsale #realestateblog

Buyers showed strong interest in mid-winter auctions across Australia. We held nearly 400 auctions and achieved a preliminary clearance rate of 71%. The average number of registered bidders was 4.0, with 3.0 active bidders recorded. As the fiscal year comes to a close, there was a 20.7% increase in auctions booked compared to the previous year. To date, we had 30,369 auctions with a 74% clearance rate. The highest auction was in Melbourne, with a property selling for $3.1 million, while the auction with the most registered bidders was in Sydney, selling for $1,393,000. Read the auction wrap, where we present Australia's most valuable auction data here: https://ow.ly/nxZw50SnGFG #RayWhite

CoreLogic Australia's Auction Market Preview - 24 September 2023 📢 Capital city auction activity is set to surge this week, with the combined capitals expecting the busiest auction week of the year-to-date and the busiest week since late May 2022 (3,226). After falling below the 1,000 mark last week (982), Melbourne's auction activity is expected to rebound 10.3% this week, with 1,083 auctions scheduled across the city. 🏡 This week's auction numbers are more than seven times those seen this time last year (130) when the national day of mourning and the AFL grand final saw Victoria celebrate an extra-long weekend. Capital city auction activity is set to plummet to just over 1,300 next week, with five of the seven states and territories celebrating long weekends. Industry Insider Property Your Dream Home, Without the Nightmare Level 3, 489 Toorak Road, Toorak 314 #auctions #property #melbourne #australia #buyersadvocate

Auction Clearance Results June 8th: Positive Weekend Despite Holiday Distraction 📊🏠 Weekend auction markets showed positive results despite the long weekend holiday, except in Brisbane. Key Takeaways: - Canberra: 74.9% 🌟 - Sydney: 72.9% 🏙️ - Adelaide: 74.1% 🏡 - Melbourne: 58.1% 📉 - Brisbane: 55.6% 🌴 National Overview: - Clearance rate: 67.1% (up from 64.1% last weekend, but below 69.7% last year) - Auction listings: 1,062 (down from 2,077 last weekend, but up from 734 last year) Sydney Highlights: - Clearance rate: 72.9% (470 auctions) - Median price: $1,590,000 📈 - Top sale: 4-bed unit in Hunters Hill for $9,550,000 💰 - Most affordable: 2-bed unit in Kingswood for $360,000 🏢 Melbourne Highlights: - Clearance rate: 58.1% (414 auctions) - Median price: $905,000 📉 - Top sale: 5-bed house in Glen Iris for $2,595,000 💸 - Most affordable: 1-bed unit in Footscray for $377,000 🏠 Solid results overall, with strong activity expected to continue post-holiday. #AuctionResults #RealEstate #PropertyMarket #SydneyRealEstate #MelbourneRealEstate