Throughout the month of August, our auction data reveals increased buyer demand and continued market resilience. We had a total of 63 properties go under the Avenue gavel, and a clearance rate of 79%, indicating a competitive and rewarding environment for sellers.
Of the properties that sold on the day of their scheduled auction, 53% of those exceeded reserve, with the average sale price reaching just over 1.87M. Notably, the average amount over reserve was 3%, reflecting solid buyer participation and increased confidence – and this is a trend we expect to continue throughout the remainder of 2025.
Moreover, we are now taking bookings for September and October, 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.