Auction Market Largely Unaffected By Rate Rise Announcement
The weekend saw a minor dip in the national clearance rate.
2 min
The capital city weekend auction market reported more solid early spring results despite yet another rate increase announced last week by the RBA.
The national auction market reported a clearance rate of 63.8% at the weekend which was slightly lower than the 64.7% reported last weekend but still well below the 80.5% recorded over the same weekend last year
National auction numbers were higher at the weekend with 1611 listings compared to last weekend’s 1566 — and again, significantly higher than the same weekend last year’s 1150.
The Sydney weekend auction market recorded another solid spring clearance rate at the weekend of 67.2% — well above the 64.2% recorded the previous weekend but still significantly lower than the 85.2% over the same weekend last year.
Auction numbers were marginally down, compared to the previous weekend with 603 reported listed compared to 653 — yet significantly higher than the 511 auctioned over the same weekend last year.
Sydney recorded a median price of $1,612,500 for houses sold at auction at the weekend which was lower than the $1,764,000 recorded last weekend and 5.9% lower than the same weekend last year’s $1,714,000.
Melbourne reported another steady spring auction clearance rate at the weekend, despite a surge in listings.
Melbourne reported a clearance rate of 62.2% on Saturday — lower than the previous weekend’s 64.3% and also lower than the 79.3% recorded over the same weekend last year.
A total of 758 home were reported listed at the weekend — higher than the 683 reported over the previous weekend and higher than the 414 listed over the same weekend last year.
The Victorian capital recorded a median price of $1,040,000 for houses sold at auction at the weekend which was lower than the $1,077,000 reported last weekend and 2.7% lower than the $1,069,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson, My Housing Market.
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The home in the village of Sagaponack has plenty of balconies to take in the surrounding water views
3 min
A waterfront home in the Hamptons village of Sagaponack, New York, is on the market for the very first time.
Asking $25.95 million, the gray shingle-style home was built in 2008 by the seller and has since been available as a summer rental, but it’s never been up for sale.
Designed by architect Faruk Yorgancioglu, the “waterfront home offers privacy and panoramic beauty that cannot be duplicated under today’s zoning laws,” said co-listing agent Marilyn Clark of Sotheby’s International Realty – Bridgehampton Brokerage.
The seller bought the property, which at the time had two small structures, at auction in 2005 for approximately $2 million, according to co-listing agent Deborah Pirro of Daniel Gale Sotheby’s International Realty. Mansion Global could not contact the seller.
The home hit the market Thursday, and in addition to Clark and Pirro, it is co-listed by Raquel Lopez of Sotheby’s International Realty – Bridgehampton Brokerage and Diane Anderson of Daniel Gale Sotheby’s International Realty.
Spanning 6,000 square feet, the home is filled with bright interiors, which were designed by New York-based interior designer Steven Gambrel. The open gourmet kitchen flows into a casual dining area and a living space with a fireplace, which is one of two double-sided fireplaces in the home, Pirro said.
Jaime Lopez for Sotheby’s International Realty
“The placement and scale of fireplaces throughout the home is perfection,” she added.
A separate dining room has French doors that open onto a deck, listing photos show.
There are six en-suite bedrooms, including two primary bedrooms. The larger of the two is its own private retreat, outfitted with a fireplace, a sunroom and a large balcony, offering a space to watch the sun set over Sagaponack Pond, according to Sotheby’s.
The home sits on a little more than an acre of waterfront land, bordering Sagaponack Pond, where there’s a private dock, and looking out at the Atlantic Ocean in the distance.
“The location on the pond with the view of the ocean waves breaking is spectacular and unique,” Clark said. “You are close to beaches and the Sagaponack General Store. It is a quick paddle to the famous Sagg Main Beach.”
Other outside amenities include a gunite swimming pool and a hot tub, which are surrounded by a spacious deck, as well as a pool cabana, which has a full bathroom, changing rooms and a sauna. There’s also multiple balconies, decks and a screened porch overlooking the pool, striking a balance between indoor and outdoor living.
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This stylish family home combines a classic palette and finishes with a flexible floorplan
