reiv auction results 110611 58% clea 25 nores

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    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    Withdrawn: 1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?
 
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