Sunday 21 June 2009
Today the residential auction market delivered the best result in around 18 months which is an exceptional outcome and will provide anyone considering selling in spring with a great deal of confidence.
The clearance rate reached 86 per cent from the 526 auctions reported.
The last time the clearance rate was at this rate was the 28th of August 2007 when it also reached 86 per cent.
A total of 453 homes sold and 73 were passed in, 37 of which were passed in on a vendors bid.
The REIV is expecting just under 500 auctions next weekend.
TOTAL AUCTIONS
This week: 526
Last weekend: 527
This weekend last year: 551
S Sold at Auction: 378
SB Sold before Auction: 70
SA Sold after Auction: 5
Passed in: 73
Passed in on vendor’s bid: 37
Clearance rate: 86%
Postponed: 0
Withdrawn: 0
Auctions with no result: 28
Total Volume (Private Sales): $336.45mil
Clearance Rate: 87%
Median Price: $597,500
Clearance Rate: 85%
Median Price: $440,000
Clearance Rate: 83%
Median Price: $293,500
1. 10 Murphy Street, Brighton $3,500,000
2. 2 Lorac Avenue, Brighton $3,475,000
3. 1097-1099 Malvern Road, Toorak $3,150,000
4. 7 Cosham Street, Brighton $2,970,000
5. 76 Were Street, Brighton $2,250,000
1. 9 Lewana Street, Rye $215,500
2. 21 Kensei Street, Melton $230,000
3. 3 Gobur Court, Meadow Heights $237,000
4. 11 Indra Road, Blackburn South $246,000
5. 1013 Pascoe Vale Road, Jacana $255,500
1. 1-7/8 Cole Crescent, Chadstone $2,420,000
2. 1/4 St Georges Court, Toorak $1,500,000
3. 13 Moorhouse Street, Armadale $1,450,000
4. 2/32 Cedric Street, Ivanhoe East $1,230,000
5. 4/9 David Street, St Kilda East $877,500
1. 19/196 Corrigan Road, Noble Park $221,500
2. 1/49 Farnham Street, Flemington $225,000
3. 24/K11 Raleigh Street, Windsor $228,000
4. 4/35 Princess Street, Seddon $230,000
5. 404/318 Little Bourke Street, Melbourne $245,000
If interested in learning more about this update please contact me today!
Tags: cedric street, cent, clearance rate, Houses, ivanhoe east, mil, residential auction, result, street armadale, total
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