Demand from buyers at auctions reported this weekend remains healthy with 310 of the homes offered selling this weekend resulting in a clearance rate of 74 per cent. This is consistent with demand recorded at auctions held since early February this year and is an improvement on last year, however it is in part due to there being less auctions.
In total there were 418 auctions reported this weekend, with 108 being passed in, 57 of them passed in on a vendors bid.
Over the next few weeks there are a similar number of auctions scheduled rising to a peak of just under 550 the week before Easter.
This week: 418
Last weekend: 134
SB Sold before Auction: 68
SA Sold after Auction: 2
Passed in on vendor’s bid: 57
Auctions with no result: 36
Total Volume (Private Sales): $294.1mil
Clearance Rate: 70%
Median Price: $548,500
Clearance Rate: 82%
Median Price: $455,000
Clearance Rate: 67%
Median Price: $496,000
1. 15 North Road, Brighton $4,600,000
2. 74,76&78 King William Street, Fitzroy $2,525,000
3. 39 Flower Street, Essendon $1,550,000
4. 11 The Avenue, Hampton $1,305,000
5. 37 Page Street, Albert Park $1,260,000
1. 2/31 Timewell Crescent, Boronia $180,000
2. 4 Banksia Place, Meadow Heights $240,000
3. 76 Black Knight Way, Kurunjang $250,000
4. 193 Community Hub, Hillside $260,000
5. 15 Tanglewood Street, St Albans $260,000
1. 590 Inkerman Road, Caulfield North $968,000
2. C803/142 Rouse Street, Port Melbourne $821,000
3. 536 Park Street, Carlton North $798,500
4. 1/40 Garnet Street, Niddrie $790,000
5. 15 Edmund Street, Clifton Hill $780,000
1. 3/5-7 Charles Street, St Albans $151,500
2. 305/591 Elizabeth Street, Melbourne $155,500
3. 17/116 Inkerman Street, St Kilda $160,000
4. 5/10 Middle Road, Maribyrnong $220,000
5. 20/7-9 Eldridge Street, Footscray $232,000
If interested in learning more about this update please contact me today!
Tags: apartment sales, Auction, clearance rate, community hub, Demand, flower street, garnet street, Houses, mil, Volume
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