iamproperty is reporting a landmark milestone, selling over £1bn* worth of property via the Modern Method of Auction (MMoA) in a 12-month period for the first time.
The success follows a year of growth and a continued rise in consumer awareness and confidence in the benefits that online auction offers.
iamproperty’s Partner Agent network now includes over 4,000 Estate Agency branches in the UK. Through their auction service iamsold, they have helped Partner Agents to sell 5,633 properties over the last 12 months.
Monthly sales have almost doubled, with 388 properties sold in July 2021 up to 620 sold in June 2022. Capital Value raised in a single month hit a record £120,788,499 in May 2022, with no sign of the online auction market slowing down.
Jamie Cooke, Managing Director of iamsold, said: “Today’s buyers and sellers want more choice, and agents offering online auction are ticking this box, giving their clients a choice of method that matches their individual circumstances. More and more consumers and agents are turning to auction to help them to succeed in the current market and reaching this milestone is a real celebration of the success of our Partner Agents.
“We’ve paid out record fees to our agent network and we can see the market for auction continuing to grow and the appetite to use this method of sale increasing, amongst both Estate Agents and consumers. We’re seeing a real shift in property types sold at auction too, from million-pound homes to city apartments and barn conversions, and we’re incredibly pleased to see perceptions changing in the market.”
For more information on auctions with iamsold visit www.iamproperty.com/services/auction/.