Aris Dendrinos Marrickville Auction Results Update November 2016
Hi. My name's Aris from R&W in Marrickville, and welcome to the Marrickville Option Report for the month of November. We've just finished off the month with auctions, and amazingly, out of the 24 auctions held in the Marrickville suburb 22 were sold either prior or on the day, which gives a clearance rate of 91.67%. Off the back of October's result, which was also over 90%, we're in pretty heady times. That clearance rate is unheard of. It just reflects what is happening in the market. You're seeing a very, very strong buying market; the demand is high. What you're also seeing is obviously a low level of stock. For the last month of spring I only have 24 auctions in Marrickville; that's below trend. December's looking around the same with about 24 auctions to come. We'll come back in December and report those auction results to you.
Also keep a lookout, because what we will be doing at the end of the year is the annual report, so we'll cover every auction results in the Marrickville area for the year 2016, and the stats and the trends, which will be very interesting for everyone. Keep a lookout for that. Have a really good month, and I'll see you soon. Bye from me.