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Pearsons Property and Land Auctioneers in association with Auction House UK have achieved a record breaking new high from their first auction of 2016. There were a pick of properties on offer ranging from commercial premises, flats and maisonettes to detached houses and bungalows, and a three storey townhouse with mooring. Although the action in the auction room was quieter than previous years with bidding moving slowly on the day, Pearsons were able to sell 50% of the stock in the room and 30% post-auction raising the total sales to just under £2,500,000.
Steve Sprake, Pearsons Auctioneer said: “I was excited about our first auction of 2016 as it was my first time taking to the podium solo after a brief appearance at the end of the auction last December. I was keen to deliver a good service to all our clients and wanted to make my team and company proud. I am very pleased with the outcome and shocked to have achieved such a groundbreaking result my first time out the gate.”
He added; “While many feel the market may suffer with the pending changes to stamp duty tax I strongly believe the transparency that auctions provide will always be an appealing factor to buyers and sellers.”
In July 2014 Pearsons Auctions total sales reached just over £2,000,000 but this new figure shows that the auction market is not slowing down despite what changes may be implemented in April.
When asked how he felt looking ahead at 2016 Steve added: “I am eager to continue this trend with the six remaining auctions we have this year, the next one set for April. As always my focus is to achieve the best possible price for our clients and will continue to do so in and out of the auction room.”