Tag: Auction
Market trends, transactions and news stories from across the business.
7th April Property Auction Results
As a result of the ongoing COVID-19 pandemic, the auction took place remotely, Strettons first-ever auction to be solely live-streamed on the internet with online, proxy and telephone bids taking place.
£2.2m Manor House star of February auction
A Grade II listed Manor House was the star of the sale at our 20th February national property auction.
Caution in the auction room could be costing investors
Investors that wait to pick off unsold lots after auctions could often get a better deal in the ballroom.
Post Summer Property Auction Results
Our first sale after the summer break was a welcome return to the market with a 70% success and several post-sales in hand.
July auction raises over £6.5m
Our sale on July 16th raised £6.5m with a further £2m now under offer, but the results mirrored the sentiment of uncertainty and caution running through the property market and the economy generally.
May auction raised over £8.6m
Our sale on the 22nd of May raised over £8.6m from a busy room where there was confident bidding on the majority of lots.
91% sold at February auction
Strettons’ first sale of 2018 produced a 91% success, raising £7.5m.
£12.5M raised at strong Autumn auction
Strettons’ October auction showed a healthy buyer interest, especially for properties within the southeast, raising over £12.5m on a 74% success rate with post-auction sales set to increase this.
Buyers Spring to action at March sale
Our 27th March auction brought a good turnout of bidders with brisk competition to produce an 88% success rate.
Deciding to sell at auction
Deciding whether to sell by public auction or private treaty is ultimately about what is right for the seller. Auction, however, does provide a higher degree of certainty which can be very appealing, especially if time is a factor in the sale as once the gavel falls a legal and binding contract is made
