A quiet winter’s weekend saw a quiet weekend for the Melbourne auction market. There were 395 auctions this weekend and a clearance rate of 66 per cent was achieved.
135 homes passed in, of which 91 were passed in on a vendors bid
TOTAL AUCTIONS
This week: 395
Last week: 477
Last year: 458
S Sold at Auction: 193
SB Sold before Auction: 56
SA Sold after Auction: 11
PI Passed in: 135
VB Passed in on vendor’s bid: 91
Clearance rate: 66%
This weekend last year: 85%
Postponed: 1
Withdrawn: 0
Auctions with no result: 56
PS Private Sales: 660
Total Volume (Auctions): $144.05mil
Total Volume (Private Sales): $280.52mil
Total Auctions Houses: 254
Clearance Rate: 65%
Median Price: $536,250
Total Auctions Flats/Apartments: 131
Clearance Rate: 68%
Median Price: $380,000
Total Auctions Vacant Land: 9
Clearance Rate: 67%
Median Price: $335,000
House Sales in Detail
TOP 5 HOUSES
1. 11 Jennings Street, Sandringham $2,000,000
2. 9 St Columbs Street, Hawthorn $1,890,000
3. 5A Longmore Street, St Kilda West $1,590,000
4. 263 The Boulevard , Port Melbourne $1,586,000
5. 4 Maryville Street, St Kilda East $1,255,000
TOP 5 BARGAIN HOUSES
1. 23 Kiewa Crescent, Broadmeadows $220,300
2. 15 Bennett Court, Sunbury $222,000
3. 61 Ashleigh Avenue, Frankston $240,000
4. 379 Findon Road, Epping $265,500
5. 163 Widford Street, Broadmeadows $271,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 52 Halifax Street, Brighton $1,365,000
2. 2/2 Cavendish Place, Brighton $970,000
3. 2/135 Ormond Road, Elwood $950,000
4. 21/284 Dorcas Street, South Melbourne $790,000
5. 15A Ardoyne Street, Black Rock $765,000
TOP 5 BARGAIN APARTMENTS
1. 8/9 Chris Court, Oak Park $163,000
2. 9/38 Spring Street, Thomastown $167,000
3. 22/41 Napier Street, Fitzroy $192,500
4. 2/25 Ambrie Crescent, Noble Park $232,500
5. 2/59 Houston Street, Epping $240,000
Information provided by The Real Estate Institute of Victoria
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Tags: Buyer Advocate, Property Management, Vendor
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