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The restless sleep the night before, the poker face as the bidders gather in the front yard and the sweaty palms before the hammer goes down.
Most homeowners would agree that auction day is rarely without its dramas.
But, as the average time to sell a house continues to rise, sellers are turning to the quick-fire sale method in numbers not seen in years.
According to the latest Real Estate Institute of WA’s quarterly property report, the average time to sell a house has increased six days to 65 days.
This has led to sellers looking for a quicker way to offload their properties in the sluggish market.
The latest REIWA figures show a steady increase in sellers choosing to sell by auction in the past two years, with auctions representing 2.1 per cent of all Perth sales.
In the past three months of last year, auctions represented the biggest proportion of sales in 15 years at 2.8 per cent of the market.
During a recent weekend, 64 properties went under the hammer, a figure auctioneer Rob Mason said was almost triple the amount of previous years.
“Three years ago, you’d see a couple of dozen in a weekend,” he said. “In the regional areas, you’d probably see none.
“I think it’s taken off the last couple of years, for sure. You’re looking at roughly half of the days on the market over private treaty.”
The latest figures show auctions typically sell a property 37 days quicker than private treaty sales.
For brothers Allan and Phillip Crow, the quicker turnover was important in the sale of their late mother’s home.
Allan Crow said agents recommended an auction over private treaty sale because of the popularity of the property and his looming travel plans, but there were some nerves ahead of the auction.
“From what I’ve seen on television, I’m not too excited about it but if it’s sold on auction day, then it’s worth it, ” he said.
REIWA president Hayden Groves said although auctions were more popular in WA, they were unlikely to become as common as they were in the Eastern States, where they made up about one-third of all property sales.
In the other States, auctions had become popular to avoid losing a sale to cooling-off periods or buyers trying to gazump each other in private treaty sales.