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The Property Advocate

Auction Sales and Results for the week ending 17th Feb

Wednesday, February 20th, 2008

 

 An increase in homes auctioned compared to last year has resulted in a return to 2006 clearance rates, with 72 per cent of homes at auction selling this weekend. With a significant increase in auctions over the next two weeks, buyers will have plenty of opportunity to buy a home.S Sold at Auction: 308

SB Sold before Auction: 153

SA Sold after Auction: 10

Passed in: 180

Passed in on vendor’s bid: 120

Clearance rate: 72%

TOTAL AUCTIONS

This week: 651

Last week: 278

This time last year: 497

 Postponed: 0

Withdrawn: 0

Auctions with no result: 83

 PS Private Sales: 607 Total Volume (Auctions): $298.22mil

Total Volume (Private Sales): $243.8mil

 Total Auctions Houses: 431

Clearance Rate: 72%

Median Price: $569,250

 Total Auctions Flats/Apartments: 203

Clearance Rate: 72%

Median Price: $450,000

 Total Auctions Vacant Land: 15

Clearance Rate: 80%

Median Price: $330,000

 House Sales in Detail

TOP 5 HOUSES

Moorhouse Street, Camberwell $2,215,000

Page Street, Albert Park $1,780,000

Hampton Street, Brighton $1,710,000

Cornell Street, Camberwell $1,706,000

Service Street, Hampton $1,705,000

TOP 5 BARGAIN HOUSES

Lygon Street, Carlton $117,000

Little Street, Deer Park $166,000

First Avenue, Melton South $210,000

Canni Court, Broadmeadows $215,000

Oakwood Road, St Albans $234,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS

Marne Street, South Yarra $1,550,000

Collis Street, Brighton East $1,200,000

Elm Grove, Richmond $1,175,000

Clitheroe Court, Glen Iris $1,030,000

Orion Mews, Port Melbourne $977,000

TOP 5 BARGAIN APARTMENTS

Rupert Street, Footscray West $135,000

Moreland Road, Brunswick West $185,000

Marion Street, Altona North $190,000

Royal Avenue, Essendon North $195,000

Adam Street, Burnley $225,000

Data provided by The Real Estate Institute of Victoria


If interested in learning more about this update please contact me today!



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