December 16, 2019
Auction Success Caps Strong End To Year For West
It may be nearing Christmas but the real estate market in Adelaide’s west shows no signs of slowing.
Weekend auctions conducted by Toop&Toop at Brompton and Plympton delivered strong results, both selling under the hammer on the back of spirited bidding.
The auction on a character bluestone cottage at 23 Taylor Street, Brompton opened at $520,000, with three parties getting involved in the bidding.
The three-bedroom home, an easy stroll to the Entertainment Centre and Bowden’s trendy Plant 4, was finally knocked down for $616,000.
“It was a great result,” sales partner Thomas Crawford said. “The vendor is happy, the buyers are happy and the agents are happy.”
A three-bedroom Art Deco home at 119 Glengyle Terrace, Plympton also proved extraordinarily popular.
The property, sited on 548m2 and well located near a tram stop, attracted 42 bids, the first at $400,000 before selling under the hammer of auctioneer Bronte Manuel for $630,000.
“I haven’t seen that kind of competition in a very long time,” Manuel said.
“There was ferocious bidding.
“Over the weekend, the industry average was a 56 per cent clearance rate. However, we achieved 75 per cent.
“Our team is finding extraordinary buying interest at present … and we’re anticipating we’re going to see that right through the Christmas and New Year period.
“The buyers are still out and they’re wanting to buy but we aren’t seeing new properties come on the market.
“The amount of stock is depleting, while there are still people motivated to do something before 2020.”