Market Wrap: Easter slows real estate market making May the next big month of auctions

As Sydneysiders took time off from the real estate market over the Easter and school holiday period at the start of the month, we witnessed a dramatic drop in the volume of auctions throughout April. After selling a massive 490 auctions under the hammer in March, April’s volume of 176 auctions certainly provided a reprieve.

This drop in auction volume was mainly due to the large number of sales campaigns that commenced after Easter, which means we’re once again going to see another significant jump throughout May.

The dramatic rise and fall in auction volume that’s beginning to characterise the first half of 2010, proves the market is constantly changing making it important to reassess each week. With Cooley Auctions’ strong market share we have the advantage of being able to do this by seeing how the Sydney market is performing as a whole.

I anticipate June and July to prove smart months for selling with vendors achieving strong results as stock levels reduce and competition rises. more info.

The Real Estate Panel featuring Peter Chauncy – Friday 4th June

Spend an hour and learn the secrets on what it takes for a self propelled leader to cement himself in the top 1% of agents.

This is your chance to listen to Peter Chauncy, hear his method, philosophy and approach that helped him to smash the McGrath company record for the most gross commission generated in a month by a single agent, a staggering $432,000 in February 2010.

Finally hear from somebody passionately engaged with their career who is getting triple the results with half of the effort, more info.

REINSW Awards for Excellence auctioneers competition approaches

The 2010 REINSW Awards for Excellence auctioneers competition is fast approaching and I can speak for the whole team when I say we’re getting extremely excited.

Taking place on Tuesday 18 May 2010, Cooley Auctions will be represented by Charlie Powell, Andrew Cooley and Damien Cooley, more info.