Weekly Auction & Sales Results, Market Overview
Sunday 1 November 2009
There have been 339 auctions reported to the REIV, of which a total of 278 sold and 58 were passed in. The clearance rate is 83 per cent. Of the homes passed in, 31 were passed in on a vendors bid.
Auction numbers will increase over the next few weeks following this brief dip in listings due to the Melbourne Cup.
CEO REIV
TOTAL AUCTIONS
This week: 339
Last weekend: 837
This time last year: 170
S Sold at Auction: 214
SB Sold before Auction: 63
SA Sold after Auction: 0
Passed in: 55
Passed in on vendor’s bid: 28
Clearance rate: 83%
Postponed: 1
Withdrawn: 2
Auctions with no result: 54
PS Private Sales: 704
Total Volume (Auctions): $180.42mil
Total Volume (Private Sales): $335.52mil
Total Auctions Houses: 219
Clearance Rate: 85%
Median Price: $608,000
Total Auctions Flats/Apartments: 107
Clearance Rate: 79%
Median Price: $469,000
Total Auctions Vacant Land: 6
Clearance Rate: 83%
Median Price: $388,000
House Sales in Detail
TOP 5 HOUSES
1. 49 Grey Street, East Melbourne $2,150,000
2. 15 Ramsden Street, Clifton Hill $1,962,500
3. 411 Belmore Road, Balwyn North $1,880,000
4. 76 Weston Street, Brunswick $1,761,500
5. 14 Burns Street, Elwood $1,730,000
TOP 5 BARGAIN HOUSES
1. 10A Godfrey Crescent, Dandenong $275,000
2. 22 Olympic Way, Craigieburn $290,000
3. 61 Davisson Street, Epping $299,000
4. 29 Albert Street, Upper Ferntree Gully $300,000
5. 54 Edington Way, Craigieburn $302,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3/970 Riversdale Road, Surrey Hills $1,110,000
2. 2/37 Yongala Street, Balwyn $950,000
3. 4/150 Drummond Street, Carlton $872,000
4. 1/42 Princes Street, Port Melbourne $872,000
5. 17 Macrobertson Close, Fitzroy $765,000
TOP 5 BARGAIN APARTMENTS
1. 3/2A Hawker Avenue, Preston $215,000
2. 4/33 Gregory Grove, Preston $253,500
3. 32/99 Bentons Road, Mornington $255,000
4. 20/39 Somerset Street, Richmond $291,000
5. 1/323 Dorset Road, Boronia $295,500
