13 Feb February brings good news for Sydney property buyers
Sydney Real Estate Auction Results – February 11th 2017
| Property snapshot | |
| Listed auctions: | 543 |
| Reported auctions: | 367 |
| Sold: | 335 |
| Withdrawn: | 31 |
| Cleared: | 84% |
| Total sales: | $331,915,500 |
| Median: | $1,200,000 |
| Source: | Australian Property Monitors |
Sydney property auctions had a strong weekend with an 84% auction clearance rate. The number of properties listed for sale increased considerably from 228 properties on February 4th to 543 properties on February 11th – more than twice as many properties. The median price also increased from $1.1m last week to $1.2m this week. So the Sydney real estate market is officially for business again after a very quiet January / early February period, which is good news for property buyers. Interestingly, the auction clearance rate also increased so there is a strong continued demand from buyers.
Here is a highlight of the highest priced sales from this weekend’s auctions:
The highest priced reported sale was a brand new 5 bedroom house with a pool in Strathfield, which sold for $4.175m – 45 Bareena St, Strathfield.
The second highest reported sale was a 3 bedroom sub-penthouse in Milsons Point, which sold for $3.775m – 2202/2 Dind St, Milsons Point.
The third highest reported sale was a 1950’s 4 bedroom home with pool in Castlecrag, which sold for $3.15m – 9 The Barbette, Castlecrag.
45 Bareena St Strathfield sells for $4.175m prior to scheduled auction on Feb 11, 2017.
9 The Barbette Castlecrag sells prior to scheduled auction on Feb 11, 2017 for $3.15m.
Sub-penthouse apartment in Milsons Point sells for $3.775m.