Home Auction Markets Re-Focus
The auction markets remain clearly in favour of sellers.
By Terry Christodoulou
Mon, Apr 19, 2021 11:20am
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The weekend produced strong home auction results for sellers across the country with all capitals recording auction clearance rates well above 80% on Saturday, April 17, with the exception of Melbourne at 79.7%.
The number of listings nationally followed on from last week’s strong outing and was well ahead of last year’s auctions over the same Saturday.
The Sydney market rebounded reporting a rate of 86.2%, well above the 82.4% recorded the previous weekend and significantly higher than the COVID impacted 35.2% recorded over the same weekend last year. Despite the results, the weekend’s figure was lower than the 90.1% monthly average.
Saturday auction numbers in Sydney were strong with 785 homes listed for sale, above the 692 listed over the same Saturday last year.
Sydney recorded a median price for houses sold at auction on the weekend of $1,560,000 which was 1.0% higher than the $1,550,000 reported over the previous Saturday.
Melbourne reported a weekend clearance rate of 79.7%, which was just above the season-low of 79.1%, but well above the 28.7% COVID-related result of the same weekend last year.
1062 homes were reported listed for auction on Saturday which was well above the 905 auctioned over the previous weekend and higher than the 834 auctioned over the same Saturday last year.
Melbourne recorded a median price of $999,900 for houses sold at auction on the weekend which was 5.7% higher than the $945,750 recorded over the previous weekend.
Data powered by Dr Andrew Wilson of MyHousingMarket.com.au
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Owned by Richard Outten, who’s penned screenplays for films including “Pet Sematary Two” and “Lionheart,” this is only the third time the home has been on the market
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A Mid-Century Modern home in Carmel, California, hit the market on Friday for just the third time in 70 years with a listing price of $4.25 million.
Located in the community of Carmel Highlands, the house is just steps from the coastline and comes with private beach access, according to the listing with Tim Allen of Coldwell Banker Realty in Northern California. Allen was not immediately available for comment.
The property last changed hands in 2010 when Hollywood screenwriter Richard Outten bought it for $990,000, public records show. Outten penned the screenplays for the 1992 movie “Pet Sematary Two” and the 1987 film “Lionheart,” and created the story for the 2012 “Journey to the Center of the Earth” sequel, “Journey 2: The Mysterious Island.” He was not immediately available for comment.
Built in 1953, the home’s mid-century charm has been preserved over the years while still being updated for modern living. Interior details include wood paneling, exposed-brick walls and beamed ceilings.
The single-level house has 1,785 square feet, which includes three bedrooms and two full bathrooms. Though not directly on the water, large windows flanking the adobe-brick, wood-burning fireplace look out at the ocean.
Sliding glass doors create a seamless flow between indoor and outdoor living. Outside, there’s a large patio surrounded by lush landscaping, and there are also meandering paths through sustainable succulent gardens, according to the listing.
In addition to its close proximity to the beach, the home is a 10-minute walk from downtown Carmel-by-the-Sea.
As of July, the median list price in Carmel is $3.1 million, up 8% from last year, even as active listings have increased 50% year over year, according to data from Realtor.com.
