Jamie Wood has led one of the clearest shifts in auction behaviour in the network - taking a market with zero auction activity and making auction a core part of the sales strategy.
Having auctioned 100 per cent of his listings since the start of his career, and never sold by private treaty, Jamie Wood has built his business on complete belief in the process.
As the first agent to write more than $3 million in SA/NT, with 40 per cent market share across the Barossa Valley and surrounds, Jamie will share what it takes to build vendor confidence, move a team toward auction and shift the behaviour of an entire market.
Ray White Barossa Valley | Two Wells Selling Principal Jamie Wood shared how his region with almost no auction culture became one of the country's strongest auction markets, a shift he says took nearly a decade to land.
Jamie’s interest in auctions predates his first listing.
“When we started out at real estate college, getting your licence, everything was geared towards auction stats," he said.
“I wasn't anti-auction, I just kept asking myself, why am I the only one interested in this in the Barossa Valley?"
He was, for a time, the only agent in the region running auctions at all, starting from a brand-new office with no database and no track record. His first listing, in a market with an average sale price of around $200,000, drew open scepticism from competitors.
"They told me how silly I was," Jamie said.
It didn't play out that way. None of his first 15 auction listings went to auction day, every one of them contracted and sold beforehand. He finished his first year with 27 to 28 sales.
"If I was going to list it and sell it, I wanted to make sure it sold," he said.
At the time, most vendors in the region had never witnessed an auction outside of a bank repossession. Wood's approach was to build the case with the seller first, then bring buyers along afterwards, and to keep price out of the conversation early.
“I don't ever touch on price, I just talk about the methods. By the time you've gone through that, perfect communication has done the rest,” he said.
His read on buyer resistance mirrors the philosophy other speakers at the conference echoed: "If your buyer starts with an objection, that's just a question."
The results, Jamie said, speak for themselves. The Barossa Valley now sits at 91 per cent auction market share, with Clare Valley at 93 per cent and Adelaide Hills and Two Wells running similar rates.
“It took about eight years to change the attitude and behaviour of the whole area," he said.
“But the culture is geared towards everyone doing it that way now.”
Jamie's business has since expanded from on-site auctions to in-rooms auctions, a shift he describes as all-or-nothing, driven from the top down.
“Auction has always been something we've been focused on," he said.