Promoted by Openn Negotiation.
The Australian property market has been a very different landscape to that of previous years, however that hasn’t stopped some real estate agents from achieving impressive results.
The Australian property market has been a very different landscape to that of previous years, however that hasn’t stopped some real estate agents from achieving impressive results across the country.
While the clearance rate averages of auctions have been falling and days on market of private sales increasing, tech-savvy agents have been taking a second look at these methods and beginning to venture into innovative new ways to buy and sell property for their clients.
This has led them to discover Openn Negotiation.
Openn Negotiation is new to the real estate industry, however its ability to combine the strengths of auction and private selling methods, while removing their limitations has already started to get noticed.
With October 2018 here already, Openn has released the top performing results on the platform for the last quarter - from July to September this year.
The Top 10 Openn Negotiations of the quarter
The top result of the quarter, achieved by Paul Fraumano of Ray White Ormeau, was a very impressive sale for several reasons.
Firstly, the days on market were only 17! This is in comparison to 76 days which is the median for the suburb of Ormeau, and 64 days for the state of Queensland according to REA.com.au*.
The 11 active bidders involved in the sale created a healthy level of competition which drove the price to achieve market value, well above the vendor’s reserve price.
But what’s also remarkable is that Openn Negotiation has only recently been released into the Queensland market, and yet has already taken top spot! Openn Negotiation originated in Western Australia over 18 months prior which explains why most of the highest ranked sales have been from that state.
What’s the significance of these results?
It’s important to remember that behind each successful sale is an Australian family, couple or individual who wanted to sell their home, and another wanting to buy.
Excellent results like these mean a happy outcome for all involved which makes a real difference in their lives, especially in the cooling market we are experiencing today.
It’s reassuring knowing that this new platform is able to provide an effective way to drive successful results while accommodating the needs of agents, buyers and sellers alike.
Congratulations to all of the Openn agents for their impressive results this quarter, and we look forward to another set of excellent results over the next few months!
*Source: Real Estate Group. State of the market. https://www.realestate.com.au/news/state-of-property-market/. Statistics researched on 29 September 2018, and can vary