mm Aris Dendrinos
It would be safe to say that Aris has always had real estate pumping through his veins. Born into a…

Aris Dendrinos Market Update 06/10/2016

October 6, 2016 by Aris Dendrinos

Dear Tess,

Unfortunately it was only one out of two successes for our Sydney teams in the big Footy Grand Finals over the Long Weekend, however the drama and excitement was pretty good.

The September Auction results for Marrickville are as follows :

Auctions - 15
Sold - 9 (60.00%)
Sold Prior - 2 (13.33%)
Passed In - 3 ( 20.00%)
Withdrawn - 1 ( 6.67%)

That's a combined clearance rate of 73.33% which is slightly lower than previous months.

What was distinctly notable however is this was the lowest month on record in 2016 for Auction volumes which continues the worrying trend of a distinct lack of stock. As the first month of Spring, September is supposedly the busiest period of the year. It simply underlines how tough it is for buyers looking to secure a property before Christmas.

The only consolation is the October numbers are looking significantly better with over 25 Auctions already locked in and hopefully a few more to come this week.

We have been trying to help solve this problem and you will see a few more exciting new additions to our property menu below.

The added bonus to the community is our $100 donation per listing to the Starlight Children's Foundation over the Spring selling season. We are hoping to better our record of $2,800 so if you are looking to make a move before 2017 it's not too late to put the wheels in motion.

Contact us for a confidential discussion anytime.