Spring in the step as Sydney winter weekend auction numbers move above 400 offerings
The Sydney weekend auction market has 404 offerings this weekend - well up on last weekend’s 331 and the 308 auctioned on the same weekend last year.
Excepting holiday weekends, the lowest winter weekend this year was 280 auctions on a Saturday in early July.
The upper north real estate market tops the regions at 73 listings, according to Australian Property Monitors.
The normal Saturday hive of activity, the inner west has 66 auctions followed by Sydney’s south with 36, the west with 34 and the city and east with 33 auctions.
Blacktown in Sydney's west and Balmain in the inner west both have six auctions followed by Ryde, Leichhardt, Marrickville and Bella Vista all with five offerings.
Pre-auction sales continue including landscaper William Dangar's house at Bondi Beach which sold through the GoodyerDonnelley estate agency.
William Dangar, one of Australia’s leading landscape designers, and his wife Julia, were expecting to sell for $1.6 million plus and secured $1.7 million.
Seller activity Sydney rose sharply this July compared to July last year as vendors unsurprisingly decided to take advantage of the strongest winter housing market experienced on record.
Australian Property Monitors data showed a 75.9% July success rate - the highest July ever – and the second-highest ever recorded for any month, apart from April 2002 which was 78.3%, APM senior economist Andrew Wilson noted.
Including mid-week auctions the most popular region for auction listings in Sydney over July was the city and east with 315 followed by the inner west with 270 and the upper north shore with 206, according to APM's Dr Andrew Wilson.
He noted seller activity Sydney rose sharply this July compared to July last year as vendors "unsurprisingly" decided to take advantage of the strongest winter housing market experienced on record.
Sydney July auction listings were up 16.5% over the year to 1577 compared to last July’s 1344 listings.
The biggest rise in listings came from the south, the lower north, the inner west and the northern beaches suburban regions.
The south had an increase over July of last year of 48%, with the lower north up 34%, the inner west 30% and the northern beaches up 25%.
Dr Wilson noted seller activity continues to increase with auction listings up by 32% over the first two weeks of August compared to the same period last year.
