Mark Earle (Buxton) intent on selling 11 Comport Street, Beaumaris. Two bidders and a sale price of $1,204,000.

Key Points:

• Very little on offer at auction today
• It was the second largest new stock week since March – note our new stock graph below.
• A property of 1800sqm in Heath St Sandringham failed to attract a bidder, in fact neither did much of Sandringham.
• A quiet $3m+ sale at 31 Black St Brighton, as reported by JP Dixon
• Who said we are not affected by the election in Bayside? – see below graph

Agent Comments on $3M+ market

John Clarkson, Hocking Stuart: “Things are tight over $3m; stock is out there but some vendors are listening to buyers and some are in the stratosphere. There are still buyers but not the frenetic activity we saw earlier this year. There are still buyers willing to pay that sort of money for the right property in the market.”

Halli Moore, Buxton: “The market over $3m is a bit delicate at the moment. Low stock levels, and buyers seem to be waiting for the influx of spring stock for more choice.Vendors seem to be waiting for the election, which is affecting stock levels.”

Mark Earle and agent Adam Gillon, both from Buxton: Mr Earle said that people are more realistic with value and if it’s good value they’ll buy.  He went on to explain that it is a much easier buying market  at present.

Stock Levels
The Bayside Market in general is facing a real challenge (in terms of price and sales) with this area already having the biggest number of overhangs (unsolds from Winter) and now facing its second biggest week of new stock since March. Buyers: if you don’t recognise opportunity now then really …..

Clearance Rates & Monitor Table
Too small a number this weekend for meaningful clearance rate

Buying Activity
Minimal buying during the week. Quiet $3m+ sale at 31 Black St Brighton reported by JP Dixon

36 Villeroy St, Hampton. A big crowd of 90 braves the winter winds to watch Rod Richardson at work. Passed in at $1,500,000. Hocking Stuart.