Enzo Raimondo, CEO REIV said that demand at this weekend’s auctions improved leading to a higher clearance rate than last weekend. The clearance rate increased to 65 per cent from a total of 477 auctions held, with 168 being passed in (94 of those on a vendors bid).

This weekend is the last weekend in the June quarter, the results of which will be released by the REIV on the last Saturday of July.

Passed in: 168
Passed in on vendor’s bid: 101

Clearance rate: 65%

Postponed: 1
Withdrawn: 1
Auctions with no result: 69

Total Volume (Auctions): $181.88mil
Total Volume (Private Sales): $236.28mil

Total Auctions Houses: 316
Clearance Rate: 62%
Median Price: $600,000

Total Auctions Flats/Apartments: 155
Clearance Rate: 70%
Median Price: $400,000

Total Auctions Vacant Land: 6
Clearance Rate: 83%
Median Price: $354,000

House Sales in Detail
TOP 5 HOUSES
1. 13 Seymour Avenue, Armadale $1,870,000
2. 110 New Street, Brighton $1,850,000
3. 1 Arthur Avenue, Brighton $1,620,000
4. 377 Cotham Road, Kew $1,500,000
5. 3 Gurner Street, St Kilda $1,500,000

TOP 5 BARGAIN HOUSES
1. 1/43 Balmoral Street, Braybrook $182,000
2. 8 Karnak Crescent, Coolaroo $205,000
3. 959 Pascoe Vale Road, Jacana $220,000
4. 76 Robinsons Road, Deer Park $222,000
5. 6 Murtoa Street, Dallas $230,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 2/16 Gaynor Court, Malvern $1,020,000
2. 4/1711 Malvern Road, Glen Iris $991,000
3. 175 Pickles Street, Port Melbourne $885,000
4. 6 Trafalgar Place, North Melbourne $871,000
5. 3/425 New Street, Brighton $805,000

TOP 5 BARGAIN APARTMENTS
1. 1/30 Bishop Street, Kingsville $161,000
2. 11/159 Union Street, Brunswick $210,000
3. 1/87 Alma Road, St Kilda East $222,500
4. 13/283-285 Williamstown Road, Yarraville $230,000
5. 2/67 Monash Street, Sunshine $235,000

Information provided by The Real Estate Institute of Victoria

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This entry was posted on Monday, June 30th, 2008 at 2:02 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.