-
Share
12,599 Posts.
195
11/06/11
19:09
Share
Weekly Auction & Sales Results, Market Overview
Saturday 11th? June 2011
This weekend there have been 138 auctions reported with a clearance rate of 58 per cent.
The long weekend has resulted in a low volume of auctions.
A total of 80 homes were sold and 58 were passed in, of those 38 were passed in on a vendors bid.
This weekend last year saw 348 auctions and a clearance rate of 72 per cent.
Around 700 auctions are expected on each of the next two weekends.
Don't miss Melbourne Property TV Monday night on Ch31 at 8.30pm.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This Week: 138
Last Week:?722
This time Last Year: 337
S Sold at Auction: 64
SB Sold before Auction: 16
SA Sold after Auction: 0
Passed in: 58
Passed in on vendor's bid: 38
Clearance rate: 58%
Postponed: 2
Withdrawn: 1
Auctions with no result: 25
PS Private Sales: 494
Total Volume (Auctions): $51.8mil
Total Volume (Private Sales): $234.59mil
Total Auctions Houses: 97
Clearance Rate: 57%
Median Price: $647,500
Total Value: $37,835,250
Total Auctions Flats/Apartments: 40
Clearance Rate: 60%
Median Price: $541,750
Total Value: $13,226,499
Total Auctions Vacant Land: 1
Clearance Rate: 100%
Median Price: $740,500
Total Value: $740,500
House Sales in Detail?
TOP 5 HOUSES
1. 1 Bond Street, Caulfield $1,625,000
2. 3 Irving Avenue, Box Hill $1,580,000
3. 11 Slater Street, Northcote $1,430,000
4. 27 Barak Road, Port Melbourne $1,400,000
5. 23 Christmas Street, Northcote $1,160,000
TOP 5 BARGAIN HOUSES
1. 131 Cranbourne-Frankston Road, Langwarrin $297,500
2. 19 Ramsbury Street, Craigieburn $337,000
3. 27 Bartlett Avenue, Croydon $345,000
4. 32 Hayes Avenue, Rosebud $360,000
5. 10 Lockwoods Road, Boronia $365,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 15B York Street, Bentleigh East $825,000
2. 2/22 Mclaren Street, Mount Waverley $800,000
3. 1/117 Mascoma Street, Strathmore $790,000
4. 1/22 Mclaren Street, Mount Waverley $782,000
5. 5 Newbigin Street, Burwood $720,000
TOP 5 BARGAIN APARTMENTS
1. 1/22 Hutton Avenue, Ferntree Gully $340,000
2. 1/30 Chetwynd Street, West Melbourne $365,000
3. 1C Grandview Grove, Bayswater $380,000
4. 2/8 Crown Avenue, Mordialloc $380,000
5. 4/6 Mccracken Avenue, Northcote $398,000?