Some 775 super Saturday Sydney auctions in third busiest February on record
We've all heard the early bird gets the worm, but the start to the 2014 selling season has been extraordinary. The property market in Sydney and Melbourne has lost none of its momentum, even with the busiest February on record. Of course maybe there are some slow coaches who just didn't get their act together last year amid the vendors.
There are some 775 auctions this weekend across Sydney, according to Australian Property Monitors. The inner west is the most popular region for auctions this weekend in Sydney with 131 auctions, followed by the city and east with 126, the lower north with 94, the south with 93 and the upper north shore with 89 auctions scheduled.
Sydney’s February auction listing tally stands at 1,631, the third highest February total just behind the totals of 2011 and 2008.
Melbourne has 1,100 plus too this weekend, according to APM.
Melbourne’s February auction listing tally stands at 2,185, the third highest February total and just behind the numbers of 2011 and 2010.
The volumes this weekend in Sydney are 51.7% up in the same weekend last year. Melbourne's volume - which don't include Geelong - are not showing a bigger boost in listing numbers.
| Date | Sydney auctions | % change on 2013 | Melbourne aucitons | % change on 2013 |
| 18-Jan-14 | 16 | +433.3% | 18 | +20.0% |
| 25-Jan-14 | 15 | +200.0% | 9 | +125.0% |
| 1-Feb-14 | 91 | +26.4% | 71 | -14.5% |
| 8-Feb-14 | 296 | +73.1% | 257 | +19.0% |
| 15-Feb-14 | 469 | +72.4% | 619 | +32.0% |
| 22-Feb-14 | 775 | +51.7% | 1131 | +22.4% |
| 1-Mar-14 | 666 | +45.1% | 1078 | +24.5% |
| 8-Mar-14 | 567 | +29.2% | 214 | +20.2% |
Source: Australian Property Monitors
The rush to list appears to trickle down a little heading into mid-March, although there might be more yet to be added, but I'd expect volumes to be strong until the Easter and Anzac Day period.
