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07/11/11
16:59
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After sunday update - up to 53%. Still 72 no result.
Weekly Market Overview
Saturday 5th & Sunday 6th November 2011
The clearance rate this weekend is 53 per cent compared to 50 per cent last weekend and 59 per cent for this weekend last year.
There have been 525 auctions reported of which 277 sold and 248 passed in, 157 of those on a vendors bid.
Stock levels will continue to increase over the next few weekends with around 2,600 auctions scheduled between now and the end of November.
Enzo Raimondo
CEO REIV
Total Auctions
This week: 525
Last week: 417
This time last year: 704
S Sold at Auction: 228
SB Sold before Auction: 49
SA Sold after Auction: 0
Passed in: 248
Passed in on vendor's bid: 157
Clearance rate: 53%
Postponed: 3
Withdrawn: 2
Auctions with no result: 72
PS Private Sales: 465
Total Volume (Auctions): $203.69mil
Total Volume (Private Sales): $205.49mil
Total Auctions Houses: 357
Clearance Rate: 52%
Median Price: $712,000
Total Value: $157,863,950
Total Auctions Flats/Apartments: 159
Clearance Rate: 55%
Median Price: $480,000
Total Value: $44,549,580
Total Auctions Vacant Land: 9
Clearance Rate: 56%
Median Price: $235,000
Total Value: $1,280,500
House Sales in Detail
TOP 5 HOUSES
1. 15 Chastleton Avenue, Toorak $4,135,000
2. 8 Moule Avenue, Brighton $2,310,000
3. 17 Hedderwick Stree t, Essendon $2,300,000
4. 24 Roslyn Street, Brighton $2,300,000
5. 151 Back Beach Road, Portsea $2,038,000
TOP 5 BARGAIN HOUSES
1. 5/5 Kincumber Drive, Croydon $265,000
2. 22 Millewa Crescent, Dallas $300,000
3. 18 Brindalee Place, Cranbourne $318,000
4. 106 Ripplebrook Drive, Broadmeadows $340,000
5. 2 Edgewood Close, Thomastown $350,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 1/67 Cecil Street, Kew $1,160,000
2. 100A Glencairn Avenue, Brighton East $1,035,000
3. 24 Wangaratta Street, Richmond $1,011,000
4. 2/483 Royal Parade, Parkville $901,000
5. 10/512 Toorak Road, Toorak $900,000
TOP 5 BARGAIN APARTMENTS
1. 11/72 Baker Street, Richmond $252,000
2. 29 Lichfield Avenue, Jacana $300,000
3. 3/90 Normanby Avenue, Thornbury $300,000
4. 14/14 Crimea Street, St Kilda $301,000
5. 2/128 Park Street, Moonee Ponds $307,000
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