Sydney Posts Back-To-Back Record Clearance Rates
Another autumn weekend of extraordinary results.
By Terry Christodoulou
Mon, Mar 22, 2021 9:09am
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Auction markets across the country continued to record extraordinary results on March 20, reflecting unprecedented buyer competition.
Despite the dreary weather, the Sydney auction market posted back-to-back record results, exceeding 90% for the third time in four weekends with a clearance rate of 92.4%.
The result is a stark contrast to the coronavirus impacted market of the same weekend last year which reported 64.9% clearance rate.
Auction numbers were higher in Sydney on Saturday with 856 reported, compared to the 716 listed last weekend. Sydney recording a median price for houses sold at auction on the weekend of $1,610,500, 24.7% higher than the same weekend in 2020.
Melbourne’s market also proved strong with a season-high effort of 82.1%, up from last weekend’s 81.5%.
A reported 1117 homes were listed for auction, higher than the previous weekend’s 978 but lower than 1184 reported over the same weekend of 2020.
Melbourne’s median house price sold at auction on the weekend was $980,000 which is 6.8% higher than the 918,000 recorded over the same weekend last year.
Listings increased in all capitals compared to last weekend (March 13), with the exception of Canberra. It’s expected that an influx of listings will flood the market at the pre-Easter super Saturday next weekend.
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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.
