While the auction market continues to deliver very consistent sales results the activity in the market has clearly shifted to private sales this year with the REIV recording more homes sold privately than the comparable time last year.
This is also resulting in strong demand for the homes sold at auction as evidenced by this weekend’s clearance rate of 75 per cent.
There were 339 auctions reported with 254 selling and 85 being passed in – 58 of those on a vendors bid.
Scheduled auction numbers increase for the next two weekends, hitting a peak for the year-to-date of just over 600 before Easter.
Last weekend: 407
This time last year: 56
SB Sold before Auction: 53
SA Sold after Auction: 5
Passed in on vendor’s bid: 58
Total Volume (Private Sales): $316.28mil
Clearance Rate: 73%
Median Price: $600,000
Clearance Rate: 85%
Median Price: $510,500
Clearance Rate: 47%
Median Price: $410,000
1. 321 Richardson Street, Middle Park $1,880,000
2. 74 Highfield Road, Canterbury $1,501,000
3. 16 Cantala Avenue, Caulfield North $1,227,500
4. 117 Drummond Street, Carlton $1,223,000
5. 1 Harris Avenue, Glen Iris $1,190,000
1. 20 Maryland Drive, Corio $140,000
2. 9 Old Don Road, Healesville $208,000
3. 21 Warne Street, Coolaroo $216,000
4. 37 Breakwater Road, East Geelong $225,000
5. 12 Kingswood Drive, Craigieburn $229,000
1. 13 Walker Street, Brunswick West $1,736,000
2. 90 Alma Street, Malvern East $877,000
3. 18 Staughton Road, Glen Iris $785,000
4. 2/10 Hatfield Street, Balwyn North $780,000
5. 33 Lilly Street, Clifton Hill $735,000
1. 3/100 Rupert Street, Footscray West $220,000
2. 8/99 Neerim Road, Glenhuntly $227,000
3. 8/102 Moreland Road, Brunswick $238,000
4. 2/56 Milan Street, Mentone $250,000
5. 4/242 Melrose Drive, Tullamarine $273,500
If interested in learning more about this update please contact me today!
Tags: Auction, caulfield north, Drive, glen iris, hatfield street, highfield road, Houses, malvern east, mil, Volume
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