BUYERS TEMPERATURE REFLECTS THE WEATHER

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BUYERS TEMPERATURE REFLECTS THE WEATHER

Buyers temperature reflected the weather producing a cold weekend for the peninsula auction market with the number of sales just shy of the meteorologic conditions.  Most property failed to find a buyer leaving agents and vendors shivering in the aftermath of gruelling campaigns.  Buyers for peninsula property are around, however it’s a critical time when near enough is not good enough. Property must be priced accurately, presented well and invite buyers to take the plunge. 

1/24 Cliff Road Frankston marketed between $1.1M – $1.2M sold for $950,000; down on initial expectation but relative to the location and offering. Frankston has experienced some exceptional results over the 2018 period and does have some quality homes coming up over the coming weeks.  Competition will return with many vendors starting to think about spring. 

Only 5 recorded sales from the 17 auction possibilities it was a bleak day indeed.  This weekend is shaping up with a little more optimism and some interesting prospects.  We’ll have the full list and our best picks later in the week.

You can see the full list of last Saturdays auction results at the tile below. 

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