Daegu Auction Market Heats Up Again... Residential Facility Winning Bid Rate at 90.3%

Jiji Auction Recovers to January-February Level This Year... Apartments in Beomeo-dong Sold at 104% of Appraised Value

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] The Daegu regional court auction market, which had come to a halt due to the novel coronavirus infection (COVID-19), is heating up again.

In March, when the court was closed and not a single auction was held, the Daegu auction market has rapidly recovered to the levels of January and February, with 154 cases sold mainly in residential facilities in April.

According to the 'April 2020 Auction Trend Report' announced by the court auction specialist company Gigi Auction on the 11th, the number of auctions in Daegu in April was 154 cases (65 sold), recording a success rate of 42.2%.

This ranks second nationwide following Daejeon's success rate of 47.4%, and is close to the figures of January (200 cases conducted, 95 sold) and February (166 cases, 77 sold). The national average success rate is 33.2%.

Court auctions are mainly conducted on residential facilities. Among the items auctioned in Daegu in April, 104 residential facilities were auctioned, with 47 sold, resulting in a success rate of 45.2%, ranking second nationwide after Daejeon (56%). The sale price ratio was also 90.3%, exceeding the national average (84.5%).

With growing interest in auctions, the average number of bidders in Daegu was 8.1, higher than the national average of 6.3. For office commercial facilities, 5 out of 18 cases (27.8%) were sold, with a sale price ratio of 61.3%. For land, 12 out of 26 cases (46.2%) were sold, with a sale price ratio of 66.5%.

An apartment in Beomeo-dong, Suseong-gu was sold for 932 million KRW, which is 104% of the appraised value (900 million KRW), marking the highest sale price in Daegu. The second highest was an apartment in Siji-dong, Suseong-gu, sold for 689.97 million KRW, and the third was a multi-family house in Daemyeong-dong, Nam-gu, sold for 661.27 million KRW.

Meanwhile, according to Gigi Auction's report, the sale price ratio of residential facilities in the Seoul metropolitan area exceeded 90% for the first time in 18 months, reaching 91.2% in April. The sale price ratio of residential facilities in Seoul and Daejeon was 97.1%, the highest nationwide.

In the Gyeongbuk region, 1,220 cases were conducted in April, with 426 cases sold (success rate 34.9%). A factory in Jinryang-eup, Gyeongsan, Gyeongbuk, was sold for 27 billion KRW, ranking third nationwide in sale price.

This content was produced with the assistance of AI translation services.