Weekly Auction & Sales Results, Market Overview
Saturday April 24th 2010
Today there were 470 auctions reported of which 389 sold resulting in a clearance rate of 83 per cent.
There were 81 homes passed in, of which 45 were passed in on a vendors bid.
This weekend last year saw a slightly higher clearance rate – 85 per cent – however there was only 165 auctions. In 2008 the clearance rate was 67 per cent from 372 auctions.
Listings for the next three weekends are very high for this time of the year with around 2,400 auctions expected. The high number of listings is a clear sign of confidence from vendors, confidence that judging by the results so far this year is not misplaced.
All the market indicators suggest the market will remain solid through autumn and winter.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 470
Last weekend: 892
This time last year: 146
S Sold at Auction: 317
SB Sold before Auction: 72
SA Sold after Auction: 0
Passed in: 81
Passed in on vendor’s bid: 45
Clearance rate: 83%
Postponed: 2
Withdrawn: 0
PS Private Sales: 649
Total Volume (Auctions): $274.71mil
Total Volume (Private Sales): $300.02mil
Total Auctions Houses: 336
Clearance Rate: 84%
Median Price: $650,000
Total Value: $210,664,850
Total Auctions Flats/Apartments: 126
Clearance Rate: 82%
Median Price: $480,750
Total Value: $56,232,636
Total Auctions Vacant Land: 6
Clearance Rate: 33%
Median Price: $640,000
Total Value: $1,280,000
House Sales in Detail
TOP 5 HOUSES
1. 2 Manor Street, Brighton $5,580,000
2. 14 Nambour Road, Templestowe $1,900,000
3. 16 Glenmore Crescent, Black Rock $1,820,000
4. 22 Bellett Street, Camberwell $1,771,000
5. 104 Manning Road, Malvern East $1,760,000
TOP 5 BARGAIN HOUSES
1. 10 Adina Street, Rye $285,000
2. 7 Bushfield Crescent, Coolaroo $337,000
3. 66 Balyang Way, Craigieburn $345,000
4. 23 Petrie Street, Frankston $345,000
5. 64 Pentland Drive, Epping $347,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 505/505 St Kilda Road, Melbourne $1,420,000
2. 4 Neptune Place, St Kilda $1,150,000
3. 406/127 Beach Street, Port Melbourne $1,100,000
4. 2/105 Mathoura Road, Toorak $950,000
5. 9 Jacks Way, Maribyrnong $870,000
TOP 5 BARGAIN APARTMENTS
1. 612/45 Victoria Parade, Collingwood $205,000
2. 6/40 Waterloo Crescent, St Kilda $210,000
3. 11/146 Rupert Street, Footscray West $272,000
4. 12/30 Walsh Street, Ormond $285,000
5. 4/2 Daventry Street, Reservoir $312,750
If interested in learning more about this update please contact me today!
Tags: APARTMENTS, Auction, auction sales, autumn and winter, cent, clearance rate, Houses, median price, private sales, Value
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