Iamsold's GM Sheds Light on the Company's Success During COVID

July 1, 2020
Share this Post: 

“It’s really encouraging to see this spike in activity,” says iamsold’s Managing Director, Jamie Cooke, as the company reports sales performance is beating the records when compared to the same time last year. 

In fact, sales are up by 20 percent year-over-year with viewings up 22 percent. When it comes to online auctions, iamsold has reported that, compared to 2019, auction sales are up by almost 50 percent

Online auctions took quarantine with stride. They offer a contactless and therefore safe way to buy and sell a house, meaning they were not affected by lockdown measures like other real estate processes were. 

Cooke explained that iamsold’s real estate agents are seeing activity up by 50 to 100 percent compared to pre-Covid-19 numbers. Cooke theorizes the reason for this is due to people looking to change how they live after experiencing quarantine. They’re looking for bigger homes, homes with office space, downsizing to save money, etc. 

Cooke said:

“Our feeling is that non-discretionary sales will be a significant proportion of opportunity seen in the coming months, and as a result, we are gearing up for a busy summer as we support our agents by delivering a fast and secure way for their clients to buy and sell property through bespoke online auctions.”

He goes on to say that while experts have been expecting private treaty transactional processes to slow due to the pandemic, iamsold is still reporting that the average completion time of a sale is still 52 days.

Read more

July 1, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 120120670
Zillow and CoStar Share Prices Shift on News of NAR Shock Settlement

The trajectories of real estate portals in the United States may be about to diverge as the National Association of...

Read More
Shutterstock 1454624438
U.S. Portal Operator OJO Labs Acquires The LEAD Syndicate

The U.S. PropTech operator OJO Labs has announced that it has acquired The LEAD Syndicate, a provider of teach solutions...

Read More
Onthemarket Employees
OnTheMarket PR Push Continues with Agent Signups and Roadshow

The UK's number three portal OnTheMarket (OTM) is definitely ramping up its PR in the early months of 2024 with...

Read More
Product Roundup 13March24
Product Roundup: FangDD, Yandex, Redfin, Realtor.com, Keyper, OneDome and MagicBricks

Another week, another big product roundup for portals and proptechs worldwide. Here's what we've spotted...   FangDD shares soar 80%...

Read More

Editor's Pick