I’m pleased to announce that Avenue’s October auction activity remained strong, with a total of 65 properties going under of gavel. Our clearance rate of 70% indicates continued buyer confidence despite tightening market conditions, and a notable 30% of properties were sold prior to auction, suggesting that sellers are increasingly willing to accept strong pre-auction offers to secure a result early.
Furthermore, the level of competition was robust, with an average of 4.8 registered bidders per property and 20 bids placed on average across each auction. This reflects sustained demand and active engagement from buyers. Additionally, 76% of properties sold above reserve, highlighting a competitive environment where quality listings continue to attract premium prices.
Moreover, we are now taking bookings for November & December, so if you do have any auctions coming up, we’d love to partner with you. Make sure you get your properties booked in now to secure your preferred date, time & venue.
Wether you’re about to book an auction or you just want to find out more information on how auctioning your property is beneficial for you, get in touch and we can help you secure the best possible price for your prized asset.