Buyers waiting to snap up bargains in the current uncertain market might end up empty-handed.
More homes in Parkdale and Mordialloc are being snapped up prior to auction.
Ray White Mordialloc director Greg Scherwinksi, who has nearly three decades experience, said buyers would be left to compete for limited choices with fewer listings expected.
“We are seeing sellers accept any good offers and buyers still have to act fast,” he noted.
“Some buyers are waiting and hoping for bargains but they might miss out.”
A Parkdale home at 2/6 Booth St, slated for auction in May, has been taken off the market after an $880,000 offer was accepted.
This was well above the reserve of $847,000, which was at the top of the price guide, Mr Scherwinski said.
First-home buyers from Highett made the pre-auction offer to secure the property. They had been looking and attending auctions in the area.
“When the vendors heard it was $880,000, they took it right away,” Mr Scherwinksi said.
“There are buyers out there with secure employment that are able to make offers and buy.”
The agency also sold a new Parkdale property for a benchmark price for a non-beachside townhouse in the suburb, sale records show.
The luxury 9A David St property fetched $1.45 million prior to its April 4 auction.
“The developer-owner was confident it would sell well and it went to a family who wanted to buy it before the auction,” Mr Scherwinski said.
The agency also sold 13/18-24 Chute St, Mordialloc at a midweek online auction on April 6.
It fetched $650,000, which was the top of the $595,000-$650,000 price guide.
Three properties in Mordialloc, Aspendale and Aspendale Gardens however passed in that night, with two in negotiations and expected to be sold soon.