Cooley Auction Index for April
Cooley Auctions have released their Auction Index for the month of April.
Compared to the same time last year, it shows a considerable reduction in the number of properties going to auction and a significant 21% drop in the clearance rate.
More and more vendors are opting for a private treaty negotiation. If you're interested in selling, give us a call to discuss our tailor-made private sales strategies.
See the stats below, or click here to see the full report from Cooley Auctions.
Cooley Index
Residential Sydney Metro - April
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Period |
April 2018 |
Same time last year |
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Total auction volume |
272 |
401 |
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Clearance rate |
56% |
77% |
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Average price |
1,336,767 |
1,383,370 |
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Total value sold under the hammer |
124,832,500 |
296,087,750 |
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Sold over reserve (%) |
54% |
62% |
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Average over reserve ($) |
-35 |
62,768 |
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Average number of bidders registering |
3 |
5 |
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Average number of bids |
9 |
15 |
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Sold prior (%) |
29% |
34% |
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Properties that opened with a vendor bid (%) |
23% |
22% |
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Post Auction Sales |
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March 2018 - clearance rate 69% |
14 days |
75% (+6%) |
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|
28 days |
78% (+9%) |
