This week Ray White is preparing for their largest week this year with 309 properties on auction across South Australia, ahead of the Easter long weekend.
Last week they recorded their highest clearance rate of almost 79 per cent since November last year with South Australia leading the country’s active bidding with 8.1 registrations and 4.2 active bidders.
Ray White South Australia Chief Auctioneer John Morris said “we are in for one hell of a ride” based on the impressive figures from the first quarter of 2022.
“We have had bidding at over 96 per cent of all our auctions this year and a total clearance rate 84.7 per cent… [and] last week we had bidding at every single auction” Morris said.
Peter Koulizos, the Program Director – Master of Property at the University of Adelaide outlined to Premium Property the benefits of selling in autumn.
In some areas of Adelaide, especially the Adelaide Hills and foothills, it is the best time to sell he said.
“It is just beautiful with the autumn leaves, that’s a prime time to be selling property up that way,” Koulizos said.
“Make sure your garden is blooming in autumn.”
He said that autumn also means people are often not away on holidays or spending their weekends at the beach.
“As the weather gets milder, people are more focussed on what’s happening in Adelaide rather than heading down to their holiday homes at Victor Harbor or Goolwa.”
The autumn trend is backed by Ray White’s numbers, with auctions from January to now up by over 84 per cent compared to last year. Last week almost 88 per cent of their buyers were local, 10 per cent were from interstate and the remaining 2 per cent were from overseas.
Koulizos said as the transition to winter begins it’s important not to leave putting a property on the market too late.
“In wintertime buyers and sellers go into hibernation,” he said.
He said the upcoming Super Saturdays – the weekend before or after a key date, such as the AFL Grand Final and the second Saturday in December – are when real estate agents notice a significant demand in selling.
“Super Saturdays are when there is lots and lots of properties going to auction and generally the Saturday before or after Easter is a Super Saturday,” Koulizos said.
“This phenomenon is where properties will go to auction because people go away during these weekends.”