Inclement weather around Melbourne today had no impact on the clearance rate for residential auctions with 59 per cent of the 467 auctions reported selling.
This is broadly in line with the year to date clearance rate of 61 per cent and less that the comparable weekend last year when there was 776 auctions reported with a clearance rate of 75 per cent.
Of the 467 auctions reported this weekend a total of 275 sold and 192 were passed in, 119 of those on a vendors bid.
Conditions will continue to favor buyers over the rest of May with an average of 694 auctions each weekend, well above the 20 year average of 551.
Enzo Raimondo CEO REIV ?
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TOTAL AUCTIONS
This Week: 467 Last Week:?618 This time Last Year: 744
S Sold at Auction: 226 SB Sold before Auction: 48 SA Sold after Auction: 1
Passed in: 192 Passed in on vendor's bid: 119
Clearance rate: 59%
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Postponed:?1 Withdrawn:2 Auctions with no result: 117
PS Private Sales: 548
Total Volume (Auctions): $190.87mil Total Volume (Private Sales): $266.73mil
Total Auctions Houses: 305 Clearance Rate: 59% Median Price: $681,500 Total Value: $138,884,738
Total Auctions Flats/Apartments: 154 Clearance Rate: 60% Median Price: $487,000 Total Value: $49,672,600
Total Auctions Vacant Land: 7 Clearance Rate: 43% Median Price: $439,000 Total Value: $1,484,000
House Sales in Detail?
TOP 5 HOUSES 1. 53 Michael Street, Fitzroy North $1,700,000 2. 9 Clevedon Court, Kew $1,680,000 3. 21 Kerry Parade, Balwyn $1,670,000 4. 4 Felix Street, Surrey Hills $1,610,000 5. 4 Retreat Road, Hampton $1,550,000
