Welcome to our Q3 Online Auction Index, our market-leading quarterly focus on the UK residential online Auction market.
Q3 was one for the history books at iamproperty. For the first time, on behalf of our agent network, we sold over 1,000 properties via Auction in a single month, leading us to our highest ever quarterly sales. Capital Value raised for vendors reached almost half a billion pounds, with record fees paid to our Partner Agents.
It’s only fitting that an all-round record-breaking quarter should lead us into another special milestone – 15 years since our Auction service was launched.
Hear more from our Co-Founder, Jamie Cooke, as he reflects on the past quarter.
Q3 has been highly successful for our agency, marked by significant growth and achievements across all our operations. With the sales pipeline being quite unpredictable at the moment, the security provided by Auction for both our vendors and buyers has had a substantial impact in the last quarter. Auction ensures that sales are finalised swiftly, which in turn supports our pipeline and ensures that fees are paid promptly.
Q3 has been strong for us as a branch, with a particularly successful month in August. Auction has contributed by generating more income, and our overall experience with Auction has been super positive, it's really getting sales moving.
Since our relationship with iamproperty began, Q3 has been our most successful quarter to date. We achieved a record amounts of instructions and sales across the board, particularly at our Bloxwich branch.
Auction has contributed to our extremely successful quarter, as it helped our branches to identify suitable stock, and pinpoint motivated chain free sellers looking to sell quickly. These sellers were then referred to our Auction Specialist, who guided them through the process.
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