SOLD: A property at 34 McHugh St was believed to have sold under the hammer for about $675,000.
SOLD: A property at 34 McHugh St was believed to have sold under the hammer for about $675,000. Allan Reinikka

Auction numbers up across the Valley

REAL estate agents across the valley are reporting auctions coming out of their ears.

In what is traditionally a slower time for the market, the valley is showing no signs of pulling hard on the reins just yet.

Ray White selling principal Daniel Kelly said he had a dozen auctions this Wednesday night alone.

"It's our biggest lot for the last couple of years," Mr Kelly said.

He said it was the immediacy of auctions that had people interested.

"I think going about it the private treaty way, there's at least a fortnight of paperwork to go through," Mr Kelly said.

"But people see an auction as a final result there and then."

Bailey and Gough First National Real Estate principal Rod Ford said he, too, had six auctions scheduled for Monday, with two properties likely to sell beforehand.

Mr Ford said now was the time to watch the market to see if it was on the road to recovery.

"In regard to price in the market, if we are at the bottom and trying to recover, auctions let us see if it's going to rise," Mr Ford said.

"Transaction numbers have definitely grown and days on the market have gone up significantly, so we are trying to bring that back down and we're just waiting, measuring the market."

Mr Ford said he expected his team would be busy right up until December 20, and then things would pick up in early January.

"The coastal market tends to pick up in January and then when the kids go back to school we tend to see it lift again," he said.

AUCTIONS

If you want to head along to the 12 auctions on Wednesday night, they kick off at 6pm at the Grafton Community Centre.

TOP PRICE FOR CENTENARIAN

THE most expensive home in Grafton for 2013 has sold under the hammer and selling agent Rod Ford said it was a sign that "quality homes still attract quality prices".

Believed to have sold for about $675,000, 34 McHugh St was on the market just 33 days - a slither of the average home in Grafton that stays on the market for about 130 days.

Bailey and Gough First National Real Estate principal Mr Ford said the 100-year-old home had such a unique charm, it basically sold itself.

"The home turned 100 years young this year and stands proudly because of diligent ownership and maintenance over the sands of time," he said.

"Pressed metal ceilings throughout the living areas, six-inch original hardwood flooring still with mirror finishes, red cedar architraves, hoop pine staircase, dormer windows and full length casement windows and doors are situated along the riverfront rooms and verandas and are testament to the quality of this home."

With multiple living areas, three bedrooms plus a new wing with a master suite, bathroom, vanity and guest room, there is no shortage of space in this gorgeous Grafton home.



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