Weekly Auction & Sales Results, Market Overview
Saturday 25th & Sunday 26th September 2010
With Melbourne’s attention focused on the grand final there were only 65 auctions reported this weekend.
Of the 65 auctions reported this weekend a total of 52 sold and 13 were passed in, 6 of those on a vendors bid.
No clearance rate has been reported due the total number of auctions being lower than 100.
The auction market springs back into next weekend with 585 auctions expected but the Grand Final repeat is not expected to impact the overall outcome.
Of the 585 auctions scheduled for next weekend there are around 50 that currently have a start time of 2.30pm or later.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 65
Last weekend: 754
This time last year: 136
S Sold at Auction: 39
SB Sold before Auction: 11
SA Sold after Auction: 2
Passed in: 13
Passed in on vendor’s bid: 6
Clearance rate: n.a
Postponed: 1
Withdrawn: 0
Auctions with no result: 8
PS Private Sales: 457
PS Private Sales: 456
Total Volume (Auctions): $38.42mil
Total Volume (Private Sales): $221.22mil
Total Auctions Houses: 47
Clearance Rate: 77%
Median Price: $660,000
Total Value: $29,175,000
Total Auctions Flats/Apartments: 18
Clearance Rate: 89%
Median Price: $508,500
Total Value: $9,242,100
Total Auctions Vacant Land: 0
Clearance Rate: 0%
Median Price: $0
Total Value: $0
If interested in learning more about this update please contact me today!
Tags: Auction, auction market, auction sales, clearance rate, median price, mil, private sales, Value, Volume, Weekly
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