Add CategoryBuyers are back with a vengeance in 2021, and January 30 is shaping up as the first big auction day for the new year.
So far there are 15 auctions scheduled on the upper north shore on that date, the majority of them houses.
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There are a few apartments, one semi and an eight-bedroom duplex in the mix.
Alex Mintorn, of McGrath Wahroonga, has five of the scheduled auctions on his books, including a classic six-bedroom estate at 18 Fox Valley Rd, Wahroonga, which has a price guide of $3 million.
The property has been held by the same owner for more than 20 years.
Mr Mintorn said buyers were taking up where they left off at the end of 2020.
“It’s going to be a good start to the year – the market was so busy on the weekend,” he said.
“The market was so hot before Christmas and it seems that is going to continue – I think there will be some big price in the next few weeks.”
He said he took 40 groups through the Fox Valley Rd property on Saturday, and 49 at another property he is marketing in West Pymble.
Mr Mintorn expects a number of the properties he is due to take to auction on January 30 will sell early.
“There are a lot of buyers out there who have been looking for three months,” he said.
“They have all sold and are worried about prices going up and are trying to buy as close to the market they sold in.
“There’s a little bit of fear in the market that prices are going to get away.”
Stock, particularly houses, was expected to remain tight this year, which would also drive prices, he said.