Strong Early Spring Auction Results Continue
Most sellers experienced robust results despite restrictions.
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National auction numbers fell sharply again at the weekend as the Melbourne and Canberra markets felt the pinch of lockdown restrictions.
Just 1150 auctions were reported listed nationwide on Saturday – the lowest non-holiday weekend total since early February – yet, well ahead of the 666 auctioned over the same weekend last year.
With fewer auctions about, the national clearance rate lifted – increasing from 79.1% to 80.5% when compared to the previous Saturday.
The result comes as Melbourne’s clearance figures hold firm (79.3%), while Sydney (85.2%) and Brisbane (81.5%) pushed the rate higher at the weekend.
Adelaide (79.6%) and Canberra (76.9%) experienced a small decline.
The resilient Sydney market was the only capital to report higher auctions compared to the previous weekend.
The result follows last weekend’s strong showing which was the highest ever recorded by the local market for the opening weekend of the spring selling season.
Auction numbers increased at the weekend for the third consecutive Saturday with 511 homes offered for sale compared to the previous weekend’s 493 but lower than the 541 listed over the same weekend last year.
Sydney recorded a median price of $1,714,000 for houses sold at auction at the weekend which was higher than the $1,635,500 reported over the previous Saturday but 24.1% higher than the $1,381,000 recorded over the same weekend last year.
While in Melbourne the clearance rate experienced a 6.7% lift when compared to last weekend it was the result of fewer listings — just 414 for the weekend — and a high number of withdrawals with 18.9% of reported auctions withdrawn.
Melbourne recorded a median price of $1,069,000 for houses sold at auction at the weekend which was higher than the $918,000 recorded over the previous weekend.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
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.
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
This stylish family home combines a classic palette and finishes with a flexible floorplan
