Weekly Auction & Sales Results, Market Overview
Sunday June 13th 2010
The clearance rate improved this weekend due to the lower number of homes offered for auction over the long weekend.
There were 268 results reported this weekend of which 207 sold and 61 were passed in, 31 of those on a vendors bid. The clearance rate was 77 per cent.
This weekend last year, which was not a long weekend, saw 527 auctions and a clearance rate of 85 per cent.
Next weekend will feature a record number of auctions for June and winter with around 1000 homes to be auctioned.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 268
Last weekend: 908
This time last year: 527
S Sold at Auction: 139
SB Sold before Auction: 63
SA Sold after Auction: 5
Passed in: 61
Passed in on vendor’s bid: 31
Clearance rate: 77%
Postponed: 1
Withdrawn: 1
Auctions with no result: 72
PS Private Sales: 518
Total Volume (Auctions): $133.25mil
Total Volume (Private Sales): $238.52mil
Total Auctions Houses: 171
Clearance Rate: 78%
Median Price: $626,250
Total Value: $94,969,418
Total Auctions Flats/Apartments: 89
Clearance Rate: 76%
Median Price: $490,500
Total Value: $36,575,588
Total Auctions Vacant Land: 8
Clearance Rate: 62%
Median Price: $401,000
Total Value: $1,707,000
House Sales in Detail
TOP 5 HOUSES
1. 31 Gore Street, Fitzroy $2,200,000
2. 220 Serpells Road, Templestowe $1,800,000
3. 50 Kenmare Street, Mont Albert $1,435,000
4. 29 Richardson Street, Albert Park $1,410,000
5. 88 Mcgowans Road, Donvale $1,385,000
TOP 5 BARGAIN HOUSES
1. 101 Gap Road, Sunbury $228,000
2. 38 Fuschia Place, Meadow Heights $310,000
3. 12 Roslyn Road, Belmont $315,000
4. 11 Ouyen Court, Dallas $327,500
5. 40 Pyalong Crescent, Dallas $330,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3.4/4 Cromwell Road, South Yarra $1,155,000
2. 101A Osborne Street, South Yarra $1,030,000
3. 118 Cobden Street, South Melbourne $990,000
4. 4304/1 Queensbridge Square, Southbank $950,000
5. 65 Budd Street, Collingwood $937,500
TOP 5 BARGAIN APARTMENTS
1. 6/602 Bell Street, Preston $270,000
2. 5/115 Devonshire Road, Sunshine $280,500
3. 4/94 Eskdale Road, Caulfield North $293,000
4. 4/14 Drysdale Street, Reservoir $295,000
5. 5/1A Billing Street, Springvale $300,000
If interested in learning more about this update please contact me today!
Tags: apartment sales, APARTMENTS, Auction, clearance rate, cromwell road, flat apartment, gap road, Houses, June, Value
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