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Fletchers Group News Update – 17 October

October 17th 2012

Victoria enjoyed a busy weekend of auctions, with the market performing slightly above the trend for the year, which is pleasing. A clearance rate of 62 per cent was recorded on the weekend, compared to 54 per cent for the same weekend last year.

Fletchers recorded a success rate of 67 per cent, with agents Jeremy Tyrrell and Brett Greig also selling 13 Loma Linda Grove, Balwyn North on Monday for $965,000 after it passed in on Saturday.

A large crowd turned out to watch the auction of 24 Middlesex Road, Surrey Hills which sold for $1.66 million, which was one of the top five house sales reported by the REIV on the weekend. The Victorian family home, full of exquisite period detailing, boasted a fantastic location within walking distance to Maling Road cafes, train, tram and some of Melbourne’s finest schools.

Our Whitehorse Office is officially open and has gotten off to an exceptional start, which included a fantastic auction on the weekend at 8 Elder Street, Blackburn. Four people participated in extremely strong bidding to secure the family home, which eventually sold for $871,500 – over $100,000 above reserve! A great way to cap off an excellent marketing campaign by agents Ben Williams and Graeme Keogh.

We also had a couple of great results in Manningham, selling 6 Shirley Court, Doncaster East for $720,000 as well as 25 Highfield Road, Doncaster East. The latter saw four bidders compete to a final sale price of $730,000 – $50,000 above reserve.

The day capped off with the auction of 4/380 Elgar Road, Box Hill – the two bedroom brick veneer villa unit attracting seven bidders and selling for $411,000 against a reserve of $365,000.

For all of Fletchers recent sales, visit our award winning website.

Tomorrow night many of the members of our team will be attending the 2012 REIV Awards for Excellence, the premier event of the real estate calendar, held at the Crown Palladium. Our six submissions have been named as finalists and we look forward to what is sure to be a great night! Stayed tuned on our Facebook and Twitter for live updates throughout the night!

Enjoy the rest of your week!

Tim Heavyside, AuctioneerTim Heavyside auctions 24 Middlesex Road, Surrey Hills
Photo courtesy of James Market News.