Sydney’s auction market delivered a steady performance throughout December, with a total of 55 properties taken to auction via Avenue Auctions, and a clearance rate of 60%. Buyer engagement remained measured rather than aggressive, with an average of 3.6 registered bidders per property and 8 bids placed during each auction. These figures point to consistent demand, though buyers continue to act selectively, taking time to assess value before committing.
Price outcomes reflected this balanced dynamic, with the average sale price sitting at $2,125,392 and homes selling for an average of $28,846 above their reserve. Notably, only 28% of properties sold at or above reserve, suggesting that while competition exists, it is concentrated on well-presented and well-located homes.
Moreover, as you can see in our December Stats, the results indicate a market that is stable and price-conscious, favouring owners who set realistic reserves and present strong value propositions.
Furthermore, we are now taking bookings for January & February, 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.
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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.
