October was a record-breaking month for iamproperty, with 1,097 properties sold at Auction on behalf of our Partner Agents. This surpassed September’s milestone of over 1,000 properties sold in a single month for the first time. This significant achievement follows our highest-ever quarterly sales, as outlined in our Q3 Online Auction Index.
Thanks to an increase in stock and buoyancy as consumer confidence settles post-general election, the Auction market is experiencing strong growth. In October alone, our Partner Agents benefitted from record fees of £4.36m, while delighting both buyers and sellers with Auction’s speedy 56-day completion timeframe*.
Here’s a look at our full Auction roundup from October:
1,097 properties sold (+19% vs October 2023)
20,598 property viewings
£1,287,500 highest Sale Price
6,237 bids placed
£204.54m worth of property sold (+29% vs October 2023)
£4.36m fees paid to Partner Agents (+34% vs October 2023)
Every month, our Auction results reflect the growing popularity and success of auction as an alternative method of sale.
With our market-leading Auction service, our Partner Agents win more instructions, build new revenue streams, and protect their sales pipeline. With speed, security, and transparency at the heart, we empower Estate Agents to accelerate their success with:
iamproperty’s Auction service helps agents succeed in any market by offering clients an alternative method of sale to match their circumstances.
Georgina Hambly, Director of Hambly Estate Agents, shares how working with iamproperty has transformed they way she runs her business, boosting revenue and streamlining processes.
In a standard auction sale, buyers must pay a Reservation Fee upfront. In some circumstances, it creates a financial hurdle that may prevent the purchase from proceeding.
Conditional Auction, also known as The Modern Method of Auction (MMoA) offers a flexible, transparent, and secure alternative to Private Treaty, MMoA is growing in popularity.
Q3 Auction Index: Market review webinar
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