Sutton Kersh's fifth property auction of the year, held on Thursday 13th September at The Marriott Hotel, Liverpool, continued their trend of beating the national average with over 70 lots sold - £3.3m of which being sold before the auction began.
Lot number 22 started the trend of busy phone lines, with all 5 bidders hoping to get their hands on a converted terraced property in Birmingham. Each caller was quick and direct, with numbers being thrown out back and forth, causing a buzz in the auction room as attendees watched in awe. This trend of competitive bidding continued as the auction went on, with many gasps being heard across the room. The atmosphere remained so electric for the last few properties that one man even had to leave the room to stop himself bidding, much to the amusement of auctioneer Andrew.
Financially, the auction was a success for all involved. 60% of properties available sold beyond their guide price, with some even doubling the figure. Lot 26, a vacant three storey property in Fairfield, Liverpool, soared from a guide price of £45,000 to a whopping £107,000. As numbers continued to rise, the joy and relief of the sellers present was palpable. One property owner was in such disbelief of the figure his property sold for that he had to triple check with the Sutton Kersh team that he’d heard correctly.
BBC show Homes Under the Hammer were in attendance once again, ready to capture all of the action. Reflecting on the pace of the bids being placed, their camera man could barely keep up, whipping his lens back and forth as new bidders threw their hat into the ring. By the end of the four hours, 80% of the lots available had been sold, with estimates reaching £6.7mil and rising. These on-the-day sale numbers firmly reflect the work that Sutton Kersh have put in to become one of the best Estate Agents in the region.
Cathy Holt, Associate Director, said of the event, ‘Yesterday, our main competitors held an auction that had only sold £2mil with 32 properties. We are proud to say that we sold £3.3mil in presales before our own auction had begun! Today was always going to be a success, but it has surpassed our expectations and we couldn’t be happier.’