31st July 2017: Auction Snapshot: Saturday 29 July

What's happening in the market…

Auctions continued to produce great results throughout July! The Domain Group reported that 3,502 auctions took place – a huge increase from the 2,407 homes that went under the hammer in July 2016!

Fletchers news…

On Saturday we held our annual awards night to recognise the outstanding performance and achievements of our sales and property management staff. Congratulations to everyone who received an award, and thank you again to our sponsors and our host, Livinia Nixon, for your ongoing support – it was a fantastic night!

Saturday 29 July
Number of auctions in Victoria: 701
Clearance rate: 78%

The same weekend last year
Number of auctions in Victoria: 670
Clearance rate: 77%

Auction highlights…

1/47 Kawarren Street, Balwyn North

This two bedroom home is a unique and exceptional opportunity for market entry to a premium locality within Balwyn High School Zone. Six bidders battled for the residence, with the appeal of a site for a new low maintenance town home or prestige family residence (STCA).

Number of bidders: 6
Sale price: $950,000

4 Chaucer Street, Box Hill South

Positioned in a quiet, ultra-convenient pocket, this lovely solid clinker brick home is on a level block of 850 sq m approx. and comes complete with plans and permits to build two large side-by-side luxury homes. The new home owners will enjoy the lifestyle appeal of a prized location in the Box Hill High School zone, with the surrounding neighbourhood including prestigious schools, transport, cafes, shops and Wattle Park.

Number of bidders: 3
Sale price: $1,785,000

149 Manchester Road, Mooroolbark

Surrounded by gardens, this much-loved three bedroom home is positioned within an easy walk to schools, transport and Mooroolbark Village Shopping Centre. The home features a spacious lounge with a gas log fire, covered alfresco deck, in-ground pool, under-house storage and opportunities to renovate or redevelop (STCA). Congratulations to both the vendor and successful new home owners on a fantastic result!

Number of bidders: 2
Sale price: $696,000