Super Saturday Brings Record Breaking Results
Clearance rates continue to rise against a wealth of new listings.
By Terry Christodoulou
Mon, Mar 29, 2021 9:29am
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Despite a flood of pre-Easter listings, metro clearance rates continued to sit at incredibly strong levels.
The so-called March 27 ‘super Saturday’ saw all capitals report clearance rates above 80%. Further, each capital recorded more listings than last year’s equivalent weekend, with the exception of Brisbane.
The Sydney housing market continues to soar to unprecedented heights recording a clearance of 90.4%, the city’s fourth result over 90% in the last 5 weekends.
A total of 1227 auctions were listed for Saturday, well above the previous weekend’s 856 and the Covid-impacted 1058 recorded over the same weekend last year.
Sydney’s median price for houses sold at auction on the weekend was $1,573,000, 2.3% lower than the previous weekend’s $1,610,000.
Melbourne, meanwhile, hosted 1593 home auctions on Saturday, up on the previous weekend’s 1117 and higher than the 1400 on the same weekend last year.
Despite the record number of offerings, the Victorian capital recorded its highest clearance rate since January 30 at 83.7%.
Melbourne recorded a median price of $1,015,000 for houses sold, 3.6% higher than the previous weekend’s $980.000.
Melbourne recorded a median price of $1,015,000 houses sold at auction on the weekend which was 3.6% higher than the previous weekend’s $980.000.
While ascendent year-on-year, such figures must be framed by the fact the equivalent 2020 weekend saw Sydney and Melbourne locked down due to COVID.
Brisbane, as mentioned, saw 114 homes listed for auction this past weekend, down on last year’s 131, however recorded a clearance rate of 82.3%.
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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
By CASEY FARMER
Tue, Aug 27, 2024 < 1 min
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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.
