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Fletchers Group News Update – 2 June

June 1st 2014

2014 is flying by…who can believe that it is winter already! The market has been strong so far this year, with the REIV reporting that 10,000 homes have been sold by auction to date. The winter market is set to be strong, with many sellers getting in early to beat the rush of the spring selling season.

The REIV recorded a clearance rate of 73 per cent over the weekend, matching the rate recorded on the same weekend last year. Fletchers had a strong day under the hammer, with great crowds at auctions and multiple participants resulting in competitive bidding and strong selling prices.

Tim Heavyside experienced that competiveness at the auction of 9/78 Croydon Road in Surrey Hills. The enticing single level villa unit generated a great deal of interest throughout the marketing campaign – with two double bedrooms and a private courtyard surrounded by lush garden beds, it’s not hard to see why! Seven parties competed on the day to secure this immaculate property but only one could win, with the home eventually selling for $690,000.

Another fantastic unit at 2/13 Lindsay Avenue in Nunawading sold under the hammer after a successful marketing campaign. A great crowd gathered to witness the auction and to enjoy a complimentary coffee provided by auctioneer Michael Richardson, a perfect touch for the beginning of the winter months. Michael fielded bids from six competing groups hoping to secure the two bedroom, one bathroom property. The fabulous unit eventually sold for $452,000.

The stylishly renovated four bedroom home at 14 Bronhill Road in Ringwood East was another great sale for Reilly Waterfield. Featuring a stunning contemporary kitchen, beautifully polished timber floors and alfresco decking, this property was one not to miss! The property sold for $600,000 – a great result for the managing agents, vendors and buyers.

Offering four bedrooms and two bathrooms, the substantial four bedroom plus study home at 19 Wilpena Place in Vermont South was a pleasing result for Gail Logan. Set in a quiet street with mountain views, this home is complimented with features such as stunning kitchen, study, powder room and excellent living and entertaining spaces. Three groups bid for the impressive property, which sold for $1,040,500. 

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

Many of our agents are attending the 2014 AREC conference in the Gold Coast. They will hear from many industry superstars, along with many inspirational speakers outside of the industry, such as Aron Ralston, who was trapped in Blue John Canyon in the Utah desert, speaking about what is possible when you are pushed to the limit. This is a great opportunity for our agents to gain insightful knowledge and information.

The upcoming auction weekend will be quiet due to the Queen’s Birthday holiday.

Be sure to keep up-to-date with all of Fletchers news and information on Facebook, Twitter and LinkedIn.

Enjoy your week!  

Advertising and Sales Coordinator Allison Miller with Aron Ralston at AREC 2014.