意外！法拍房成交率上升了

Core Viewpoint - The real estate market is experiencing a significant divergence, with the auctioned property market (foreclosure market) showing unexpected vitality despite a decline in supply, while the new and second-hand housing markets remain sluggish [1][2][10]. Group 1: Market Overview - In October, 29,000 foreclosure properties were listed, marking a substantial month-on-month decrease of 31% and a year-on-year decline of 13%, reaching a six-month low [2]. - Despite the drop in supply, the transaction volume for auctioned properties increased, with a total of 5,169 units sold, representing a 3% month-on-month rise and maintaining over 5,000 units sold for three consecutive months [2][4]. Group 2: Transaction Dynamics - The average transaction rate for auctioned properties has rebounded to 21%, meaning one in five properties sold, returning to the annual average level [4]. - The median premium rate for auctioned properties is only 9.7%, indicating a significant increase in the discount rate for properties sold under auction conditions [4][11]. - A record 34% of properties were sold at the reserve price, the highest this year, while only 5.3% of properties received more than 100 bids, the lowest this year [4][9]. Group 3: Notable Case Study - A notable case involved a villa in Shenzhen's Overseas Chinese Town, which was auctioned for approximately 365 million yuan after 118 bids, achieving a premium rate close to 70% and a price per square meter of about 57,000 yuan, setting a record for auctioned properties in Shenzhen [4][6][12]. Group 4: Market Segmentation - The liquidity of ordinary residential properties is declining, particularly in second and third-tier cities, where many properties lack essential value attributes [11]. - In contrast, scarce assets like luxury villas in first-tier cities continue to thrive, being viewed as "hard currency" by wealthy individuals [12][13]. - The auction market reflects a stark division in property values across different cities, with significant disparities in liquidity and market demand [25][26]. Group 5: City-Specific Insights - In October, only five cities had over 500 auctioned properties, a 50% drop from September, indicating a tightening market [15]. - Chongqing led with 1,430 auctioned properties, while Shenzhen ranked second with 215, and the total starting prices for auctioned properties in Shenzhen reached 1.28 billion yuan, the highest in the country [21][22]. - The total transaction amount in Shenzhen reached 840 million yuan, significantly surpassing other cities, driven by the high-value villa auction [24]. Group 6: Future Challenges - The recent uptick in the auction market faces challenges from banks offering direct sales of properties, which provide clearer ownership and lower risks compared to auctioned properties [27]. - The auction market may continue to exist but will likely cater to professional investors with legal expertise and substantial resources due to the complexities involved [27].