Record Listings Push Clearance Rate Down
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Record Listings Push Clearance Rate Down

An unprecedented number of auctions tested buyer depth.

By Kanebridge News
Mon, Dec 13, 2021 10:29amGrey Clock 2 min

The penultimate weekend auction market for 2021 tested the depth of buyers with a record number of listings.

National auction numbers were significantly higher — rising from the previous Saturday’s 3096 to a new weekend record of 3632 — well ahead of the 2078 auctioned over the same weekend last year.

The high volume of auctions sent the national clearance rate down to 75.4% at the weekend — lower than the 76.8% reported the previous weekend and lower than the 78.4% recorded over the same weekend last year.

Sydney’s market recorded a clearance rate of 67.4% — well down on the previous weekend’s 76.6% and significantly lower than the 80.1% recorded over the same weekend last year.

A record 1371 homes were listed for auction on Saturday— well ahead of the previous weekend’s 1189 and higher than the 870 auctioned over the same weekend last year.

Sydney’s median price of $1,707,500 for houses sold at auction at the weekend was higher than the $1,622,500 reported over the previous Saturday and 20.7% higher than the $1,415,000 recorded over the same weekend last year.

In Melbourne, the weekend auction market produced an all-time high number of auctions, breaking recorded for the volume and value of weekend auction sales.

The Victorian capital recorded 1765 homes auctioned at the weekend — well ahead of the 1491 reported over the previous weekend and significantly higher than the 979 auctioned over the same weekend last year.

Despite the surge in listings, Melbourne reported a clearance rate of 70.1% on Saturday – higher than the previous weekend’s 68.5% yet lower than the 73.4% recorded over the same weekend last year.

Melbourne recorded a median price of $1,112,500 for houses sold at auction at the weekend — lower than the $1126,000 recorded over the previous weekend but 7.9% higher than the $1,031,000 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson, myhousingmarket.com.au



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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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A 600-Year-Old Medieval Villa Overlooking Florence Lists for €12 Million

The four-storey, lemon-hued villa boasts more than 16,000 square feet of living space and historic character and charm by the bucket load

By LIZ LUCKING
Wed, May 29, 2024 2 min

A 14th-century villa in the hills overlooking Florence, Italy, has hit the market for €12 million (US$13 million).

Surrounded by cypress trees, vineyards and olive groves, the quintessential Tuscan home was built for the Davanzati family—who were powerful bankers, merchants and patrons during the Italian Renaissance who have a museum named after them in the heart of the city. The villa was one of the family’s multiple country retreats, according to Lionard Luxury Real Estate, which brought the home to the market earlier this month.

Courtesy of Lionard

The four-story, lemon-hued villa boasts more than 16,000 square feet of living space and historic character and charm by the bucket load.

The ballroom has a giant skylight.
Courtesy of Lionard

On the ground floor there are ​​a number of reception rooms and open-air living areas, with many of them boasting antique paintings, tapestries and stately fireplaces made of marble or carved stone.

The most “magnificent” room, according to Lionard, is the winter garden hall, a ballroom with stuccos, loggias and towering vaulted ceilings, illuminated by an Art Nouveau skylight.

Courtesy of Lionard

On the first floor are multiple double bedrooms and an antique library, and the second floor, while in need of renovation, offers the possibility of creating up to 12 en-suite bedrooms. The villa’s tower has a “delightful sitting room and a rooftop terrace offering a breathtaking view of the city of Florence,” the listing said.

The villa has ivy-covered loggias.
Courtesy of Lionard

The basement, meanwhile, has a cellar with brick vaults that are perfect for wine lovers. An elevator runs between the levels.

Outside, the grounds have well-kept gardens, rolling lawns, a fountain, ancient wells and ivy-covered loggias.

Mansion Global couldn’t determine who is selling the villa, or when they acquired it.

The property is “an oasis of peace,” the listing said, and “one of the most exclusive historical estates on the hills that surround the city of Florence.”

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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