Weekly Auction & Sales Results, Market Overview
Sunday 22 November 2009
The 2009 residential auction market is in the home stretch, with just four weekends left.
This time represents the best opportunity for buyers to find a home, with just over 3000 properties already scheduled to go under the hammer. Next weekend has a record number of auctions scheduled for 2009.
This weekend, there were 735 auction results reported, with a total 593 selling, resulting in a clearance rate of 81 per cent.
This is in line with the year to date clearance rate of 81 per cent.
Of the 142 homes passed in, 95 were passed in on a vendor bid.
The strong private sale market continued, with 685 homes reported sold this week.
TOTAL AUCTIONS
This week: 735
Last Weekend: 72
This weekend last year: 659
S Sold at Auction: 480
SB Sold before Auction: 112
SA Sold after Auction: 1
Passed in: 142
Passed in on vendor’s bid: 95
Clearance rate: 81%
Postponed: 1
Withdrawn: 2
Auctions with no result: 47
PS Private Sales: 685
Total Volume (Auctions): $445mil
Total Volume (Private Sales): $306.78mil
Total Auctions Houses: 506
Clearance Rate: 79%
Median Price: $712,500
Total Auctions Flats/Apartments: 218
Clearance Rate: 85%
Median Price: $493,000
Total Auctions Vacant Land: 9
Clearance Rate: 67%
Median Price: $582,500
House Sales in Detail
TOP 5 HOUSES
1. 72 Baldrys Road, Main Ridge $3,750,000
2. 29 Wattle Valley Road, Canterbury $3,650,000
3. 12 Stoke Avenue, Kew $3,500,000
4. 95 Bonds Lane, Greenvale $2,801,000
5. 75 O’Briens Lane, Templestowe $2,580,000
TOP 5 BARGAIN HOUSES
1. 113 Isabella Street, Geelong West $277,500
2. 11 Charlbury Grove, St Albans $310,000
3. 15 Holberry Street, Broadmeadows $315,000
4. 5 Benalla Street, Dallas $330,000
5. 1 Brandon Court, Craigieburn $330,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 6/57 Carpenter Street, Brighton $1,650,000
2. 22/1 Beach Street, Port Melbourne $1,645,000
3. 5A Gordon Crescent, Black Rock $1,335,000
4. 6 Maud Street, Balwyn North $1,201,000
5. 15 Lee Street, Carlton North $1,070,000
TOP 5 BARGAIN APARTMENTS
1. 4/32 Ellendale Road, Noble Park $185,000
2. 20 The Mews , Hoppers Crossing $220,000
3. 3/26 Addis Street, Geelong West $227,000
4. 4/31 Edgar Street, Kingsville $260,750
5. 1/12 Carmichael Street, Footscray West $278,000
