Auctions results show Clarence Valley a real estate heaven
WITH a one-in-three strike rate, real estate agents are hammering through auctions around the Clarence Valley.
In a pool of 12, Ray White selling principal Daniel Kelly said they sold four homes last week, two under the hammer and two prior to auction.
With about 50 people in the room on Wednesday night, Mr Kelly said there was obvious curiosity among attendees and some fierce competition between bidders.
"There was a fair bit of interest in the properties and a lot of curiosity, but there was still caution with bidders who were hesitant to get back into the market," Mr Kelly said.
He described the sale of 17 Bacon St as a "spirited" one.
"There were three bidders fighting out for this one which boiled down to two at the end," Mr Kelly said.
"The bidding was fast-flowing and went into increments of $5000 and even $1000."
The property sold for $342,000.
11 Haigh St in South Grafton also sold on the night for $139,000.
The two properties that sold before auction night were 78 Kelly St in South Grafton for $230,000 and 27 Sunset Dr, Junction Hill for $330,000.
Mr Kelly said while he had hoped more properties would have sold under the hammer, he was pleased with the result.
"We went into auction quietly confident with another three, which didn't come off on the night, but we're confident with how they'll go post-auction," he said.
Auctions have proven a tactic of choice for many sellers around the region of late as buyers and sellers creep back into the market.