After fluctuating earlier in the year auction clearance rates have settled into the mid-60% range, down from 2007 but still a solid result.  The Melbourne auction market will take a breather next weekend for the Queen’s Birthday public holiday, with around 180 auctions scheduled.

S Sold at Auction: 319
SB Sold before Auction: 95
SA Sold after Auction: 6

Passed in: 238
Passed in on vendor’s bid: 162

CLEARANCE RATES:
Weekend: 64%
This weekend last year: 85%

Postponed: 1
Withdrawn: 0
Auctions with no result: 89

PS Private Sales: 668

Total Volume (Auctions): $273.72mil
Total Volume (Private Sales): $286.32mil

Total Auctions Houses: 432
Clearance Rate: 62%
Median Price: $620,000

Total Auctions Flats/Apartments: 209
Clearance Rate: 69%
Median Price: $415,000

Total Auctions Vacant Land: 17
Clearance Rate: 53%
Median Price: $415,000

House Sales in Detail
TOP 5 HOUSES
1. 15 Brook Street, Hawthorn $3,811,000
2. 687 Park Street, Brunswick $2,420,000
3. 40 Park Road, Middle Park $2,000,000
4. 5 Olive Street, Malvern East $1,840,000
5. 121 The Righi, Eaglemont $1,730,000

TOP 5 BARGAIN HOUSES
1. 6 Etna Court, Coolaroo $196,000
2. 3 Eaton Parade, Laverton $201,000
3. 6 Plantation Avenue, Frankston North $210,000
4. 13 Highland Avenue, Hampton Park $235,000
5. 9 Goodrich Court, Craigieburn $238,500

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 19/156 Beaconsfield Parade, Albert Park $2,500,000
2. 30 Dickmann Street, Richmond $1,620,000
3. 18 Tennyson Street, Richmond $1,532,000
4. 54/546 Toorak Road, Toorak $1,370,000
5. 1 Northcote Road, Armadale $1,342,000

TOP 5 BARGAIN APARTMENTS
1. 37/39 King Street, Dandenong $185,000
2. 11/657 Barkly Street, Footscray West $200,000
3. 2/14 Firth Street, Doncaster $215,000
4. 5/23 Maribyrnong Road, Ascot Vale $217,500
5. 4/42 Gillies Street, Fairfield $222,000

Information provided by The Real Estate Institute of Victoria

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This entry was posted on Tuesday, June 3rd, 2008 at 6:17 am and is filed under Buying Property, REIV Weekly Property Statistics, Selling Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.