Let us help you sell, rent or buy your property. Join us at Facebook.comJoin us at Facebook.comFollow us at twitter.com
Let us help you sell, rent or buy your property.  

The Property Advocate

Weekly Auction & Sales Results, Market Overview

Tuesday, December 1st, 2009

 


Weekly Auction & Sales Results, Market Overview

Sunday 29 November 2009

 


As a result of the substantial increase in the number of auctions held this weekend, the balance shifted slightly back towards buyers with a clearance rate of 78% being recorded.

Due to higher stock levels at this time of the year, it is typical for buyers to have a better opportunity to secure the home of their choice.

There were 1046 auctions reported to the REIV this weekend of which a total 816 sold.

Of the 230 homes passed in, 145 were passed in on a vendors bid.

A total of 751 private sales were reported this week.

There are around 2,500 auctions scheduled on the three remaining weekends before Christmas.

TOTAL AUCTIONS

This week: 1046
Last weekend: 739
This time last year: 861

S Sold at Auction: 657
SB Sold before Auction: 155
SA Sold after Auction: 4

Passed in: 230
Passed in on vendor’s bid: 145

Clearance rate: 78%

Postponed: 2
Withdrawn: 2
Auctions with no result: 85

PS Private Sales: 751

Total Volume (Auctions): $612.56mil
Total Volume (Private Sales): $330.43mil

Total Auctions Houses: 722
Clearance Rate: 78%
Median Price: $722,000

Total Auctions Flats/Apartments: 297
Clearance Rate: 77%
Median Price: $502,250

Total Auctions Vacant Land: 26
Clearance Rate: 81%
Median Price: $566,000

House Sales in Detail
TOP 5 HOUSES
1. 34 Ferrars Place, South Melbourne $4,710,000
2. 14 Riversdale Court, Hawthorn $4,440,000
3. 44 St Georges Road, Toorak $2,710,000
4. 8 Glen Drive, Eaglemont $2,710,000
5. 111 Hyslops Road, Main Ridge $2,500,000
 

TOP 5 BARGAIN HOUSES
1. 74 Hilton Way, Melton West $236,500
2. 67 Karingal Drive, Frankston $250,000
3. 30 Dudley Street, Belmont $253,000
4. 27 Carrington Avenue, Seaford $290,000
5. 108 Rokewood Crescent, Meadow Heights $294,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS

1. 24 Northcote Road, Armadale $2,520,000
2. 33 St Georges Road, Toorak $1,850,000
3. 30 Wave Street, Elwood $1,755,000
4. 3/11 Monomeath Avenue, Toorak $1,300,000
5. 14A Devorgilla Avenue, Toorak $1,250,000
 

TOP 5 BARGAIN APARTMENTS
1. 3/47 Collins Street, Geelong West $201,000
2. 7/33 Eldridge Street, Footscray $204,000
3. 10/5-7 Brindisi Street, Mentone $242,000
4. 8/99 Melbourne Road, Williamstown $250,000
5. 5/222 Gordon Street, Footscray $255,000


If interested in learning more about this update please contact me today!

Tags: , , , , , , , , ,





As Domain Property Advocates continues to grow I will continue to provide superior service to those choosing to use property as their investment. It is an important choice of who to choose as the one responsible to look after your property. You can be sure that Domain Property Advocates will always strive to be the best.

 

Leave a Reply

You must be logged in to post a comment.


LATEST UPDATES

View the latest industry trends and local news in real estate.

Ten years ago

Friday, November 25th, 2011

Weekly Auction & Sales Results, Market Overview Sunday 29 November 2009   As a result of the substantial increase in the number of auctions held this weekend, the balance shifted slightly back towards buyers with a clearance rate of 78% being recorded. Due to higher stock levels at this time of the year, it is typical [...]

learn more

Buyers agents

Friday, November 25th, 2011

Weekly Auction & Sales Results, Market Overview Sunday 29 November 2009   As a result of the substantial increase in the number of auctions held this weekend, the balance shifted slightly back towards buyers with a clearance rate of 78% being recorded. Due to higher stock levels at this time of the year, it is typical [...]

learn more

Less time to pay stamp duty

Friday, November 25th, 2011

Weekly Auction & Sales Results, Market Overview Sunday 29 November 2009   As a result of the substantial increase in the number of auctions held this weekend, the balance shifted slightly back towards buyers with a clearance rate of 78% being recorded. Due to higher stock levels at this time of the year, it is typical [...]

learn more

THE VALUE OF ADVOCACY, WE’LL SAVE YOU PLENTY !!

Wednesday, July 6th, 2011

As is the case in many businesses, occasionally, we are challenged or questioned about the fees we earn. If I could tell you how to save tens of thousands of $$$ and more, would you believe me ? Before I answer this question let me start by giving you an analygy.

learn more

Register Now

to let Domain Property Advocates help you.

Other Advisors

The team at Domain Property Advocates will put our experience, knowledge and attention to detail to work for you.
Warwick Brookes Melanie Dennis David McMillan Nicki Macrae Rob Millar
Warwick Brookes Melanie Dennis David McMillan Nicki Macrae Rob Millar