September 09, 2021
A story of success
The results achieved across the Jellis Craig network over the last month tell a story of success:
- We have sold 482 properties during the month of August, up 65% on the same time last year.
- We have conducted 169 virtual auctions since we entered the most recent lockdown.
- We have achieved a 97% average online auction clearance rate since we entered the most recent lockdown.
- Across the Jellis Craig network, we have sold 104 properties sight unseen since we entered the most recent lockdown.
These results are evidence of a buoyant market and proof that properties are indeed selling sight unseen virtually. The market has proven to remain strong despite the uncertainty and restrictions of lockdowns.
Jellis Craig Bentleigh recently marketed and sold a property virtually.
31 Scotts St, Bentleigh was appraised prior to lockdown. The property was photographed two days before the Government introduced restrictions and it went online on the 10th August - 5 days after Victorian's went into lockdown.
Reaction was swift and extremely positive. Multiple interested parties contacted the listing agent within days of the property going online.
The vendors of this home were understandably unsure of whether to bring the auction forward during lockdown or wait until restrictions were eased so that potential buyers could attend inspections. However, due to the strength of the market and a very engaged buyer pool, the listing agent in partnership with the vendors decided to hold the online auction just over 2 weeks after the property went on the market.
Due to the fact there were multiple interested parties, it was decided a virtual auction would be the most appropriate sale method. There were 12 registered bidders at the online auction and the eventual purchaser bought the house sight unseen, after looking at the images of the home and chatting to the agent. The vendors were delighted with not only the result but also the entire process, despite the majority being conducted virtually. The property sold, sight unseen, within 19 days of its going live.
Jellis Craig North East also had recent success with marketing and selling a home virtually.
3/66 Pitt St, Eltham was listed 3 days before Victoria entered its current lockdown in early August. The listing agent conducted a training session with the vendor on how best to film and showcase the property for a virtual inspection. After the first virtual inspection, feedback was strong due to the overall space and feel of the property. In total, we had 32 groups inspect the property virtually.
Whilst we did receive an offer prior to the first virtual inspection, due to the number of interested parties we decided to take the property to a virtual auction.
We had over 30 groups attend the virtual auction, 19 registered bidders, and 4 people bidding on the day. The purchasers of the property have only seen it virtually - proving once again that buyers are willing to purchase without physically inspecting the property in this market.
Interested in selling this spring? Contact us to discuss the sale of your home.