Sunday 28th June 2009
The four weeks until today has seen a greater number of reported sales – auction and private sale – than the corresponding four weeks in 2007, a clear sign that the Melbourne residential property market is strong and buyers are confident.
The clearance rate was 87 per cent this weekend from a total of 450 reported auctions, this is the seventh time in a row above 80 per cent.
There were 390 homes sold by auction today and 60 passed in, of which 37 were passed in on a vendors bid.
With just under 300 homes scheduled for auction next weekend competition will be high.
TOTAL AUCTIONS
This week: 450
Last weekend: 540
This weekend last year: 477
S Sold at Auction: 301
SB Sold before Auction: 87
SA Sold after Auction: 2
Passed in: 60
Passed in on vendor’s bid: 37
Clearance rate: 87%
Postponed: 0
Withdrawn: 0
Auctions with no result: 31
Total Volume (Private Sales): $308.06mil
Clearance Rate: 87%
Median Price: $642,000
Clearance Rate: 87%
Median Price: $504,000
Clearance Rate: 71%
Median Price: $290,000
1. 64 Hopetoun Road, Toorak $7,075,000
2. 428-430 Tooronga Road, Hawthorn East $3,050,000
3. 95 Cochrane Street, Brighton $2,850,000
4. 10 Charles Street, Brunswick $2,580,000
5. 74 Park Street, South Yarra $2,520,000
1. 8 Valerie Drive, Cranbourne $204,000
2. 22 Genoa Way, Cranbourne West $249,500
3. 5 Care Close, Meadow Heights $265,000
4. 3 Yeovil Court, Craigieburn $276,000
5. 7 Stephenson Street, Lara $280,000
1. 34/8 Trenerry Crescent, Abbotsford $1,375,000
2. 25 Thomas Street, Kew $996,000
3. 4&6/16 Victoria Street, Brighton $935,000
4. 2D Warley Road, Malvern East $890,000
5. 5/11 Motherwell Street, South Yarra $860,000
1. 7/121 Anderson Road, Albion $141,000
2. 4/46 Kingsville Street, Kingsville $173,000
3. 23/50 Middle Road, Maribyrnong $195,000
4. 2/7 Tarwin Place, Meadow Heights $227,000
5. 18/45 Woolton Avenue, Thornbury $230,000
If interested in learning more about this update please contact me today!
Tags: apartment sales, cent, clearance rate, cochrane street, Houses, mil, residential property market, stephenson street, total, Volume
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