Auctioneer Jason Andrew, of Jason Andrew group, said people often avoided listing their home for sale in winter.
“Spring and summer are more traditional times to sell because of the nicer weather and the natural cycle of sales activity,” he said.
“What we are noticing more and more in this slowing down period of the market is that our clearance rates for auctions are either consistent or improving.
“Our office has a 65 per cent auction clearance rate in Brisbane, which is fantastic, and on average attract three registered bidders to auction.”
A home at 224 Swann Rd, Taringa with development potential sold yesterday for $935,000 after attracting five registered bidders.
“Of those registered bidders there were two who were extremely enthusiastic about the home,” Mr Andrew said.
“The auction kicked off at $600,000 and from there it was joust between the two the whole way through.”
On Brisbane’s north side a home at 20 Sherry St, Carseldine attracted for registered bidders before also selling under the hammer on Saturday for $692,000.
Mr Andrew said results like this were helped, rather than hindered, by the market’s winter slowdown.
“With fewer people listing there is less stock on the market,” he said.
“That means there is less competition for sellers on the day and I have been encouraging people to list now while the market is like that.
“At the same time it can be helpful for buyers because they aren’t hamstrung and can bid for a home without worrying they’re missing something which is possible when you have an abundance of choice.”
Demand for auction homes was so strong that some listings were sold prior to their auction on the weekend.
One property at 60 Rockbourne Tce, Paddington sold for $940,000 after several offers were made on the home during the auction campaign.
Place Paddington sales agent Andrew Degn said demand for the home had been so strong the sellers had not felt the need to go to auction.
“When you have a quality listing like that you can often get a fantastic result for the home before it goes under the hammer,” he said.
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