AUCTION RESULTS

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Leap frogging the previous weekend; the auction results were excellent. 14 from 20 properties successfully sold. The standout was 42 Matthew Street McCrea eclipsing the higher end of its quoted price of $1.7M, by 185grand selling for $1.85M an outstanding result.  A false start at 4A Bath Street Mornington that left most scratching their heads, but overall results were on par with expectations.

Auctions heat up this coming weekend, back to solid numbers (37) with a good run or auction property leading into Easter; yep Easter can you believe it.

This weeks stats show approximately 1213 properties for sale across the region; adding around 40 homes from last week.  Property is selling and stock numbers appear to be improving. Agents are indicating that around 85% of their buyers are coming from outside the peninsula area, with a strong representation from other bayside suburbs, Brighton, Mentone and Parkdale. This trend is driving prices with owner occupiers receiving above average prices for their property and finding peninsula property undervalued.  Its a good time sell.

27A Macedon Avenue Dromana
27A Macedon Avenue Dromana SOLD $826K
13 Hoadley Avenue Frankston Sth. $680K - $730K
13 Hoadley Avenue Frankston Sth. $680K - $730KSOLD $730K
5/94 Beleura Hill Road Mornington $575K
5/94 Beleura Hill Road Mornington $575KSOLD $593K
24 Terry Street Pearcedale $680K - $720K
24 Terry Street Pearcedale $680K - $720KPASSED IN
15 Narlong Street Rye $600K - $650K
15 Narlong Street Rye $600K - $650KUNDER CONTRACT
1/5 Seacombe Street Dromana $780K - $850K
1/5 Seacombe Street Dromana $780K - $850K SOLD $860K
110 Cinerama Crescent McCrea $800K - $880K
110 Cinerama Crescent McCrea $800K - $880KSOLD $850K
35 Padua Drive Mornington $635K - $690K
35 Padua Drive Mornington $635K - $690KSOLD
1 Wattle Grove Portsea $1.6M - $1.76M
1 Wattle Grove Portsea $1.6M - $1.76M SOLD
10 Milparinka Street Safety Beach $770K - $845K
10 Milparinka Street Safety Beach $770K - $845K PASSED IN
18 Shaxton Circle Frankston $590K - $649K
18 Shaxton Circle Frankston $590K - $649KSOLD $670K
42 Matthew Street McCrea $1.55M - $1.7M
42 Matthew Street McCrea $1.55M - $1.7M SOLD $1.85M
4A Bath Street Mornington $1.6M - $1.75M
4A Bath Street Mornington $1.6M - $1.75MPASSED IN VENDOR BID $1.5M
26 Marshall Street Rye $595K - $645K
26 Marshall Street Rye $595K - $645KSOLD $693K
4 Holyrood Avenue Sorrento $1.1M - $1.2M
4 Holyrood Avenue Sorrento $1.1M - $1.2M SOLD

THIS WEEKS AUCTION RESULTS BROUGHT TO YOU BY:

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Geoff Oxford Ph: 0414 282 817

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