96 Gertrude St, Geelong West sold above expectation before auction.
A RENOVATED Geelong West house has sold for $830,000 before auction in a sign of a softening market.
Buxton agent Ben Riddle said vendors were becoming more open to accepting early offers as buyer choice increased with spring listings.
In this case, a Melbourne family paid above the asking range of $700,000 to $820,000 to secure 96 Gertrude St, Geelong West days before its scheduled auction.
The open-plan living area.
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Mr Riddle said talk about property markets slowing was impacting on buyers’ psyche.
“ (Pre-auction sales) are certainly indicative of things in the last six to eight weeks and you’ll see a lot more of it,” Mr Riddle said.
“There is much more stock on the market, more choice for buyers so we will have a softer market.
“Owners are going to be more open to offers prior to auction than sometimes running the risk of going to auction.”
Preliminary data shows Geelong’s weekend auction clearance rate was 61.9 per cent from 21 reported results.
The backyard is good for kids.
Mr Riddle said the new owners of the three-bedroom weatherboard house in Gertrude St had looked at four or five suburbs being settling on the property.
“They loved the fact that it was well presented, in a good suburb and in a good location,” he said.
A north-facing entertainment area at the property overlooks a family-friendly backyard with a treehouse-style cubby and a rear garage.