melbourne: 12 and 13 november, page-11

With the Sunday update. They've decided to include everything on the webpage again.

Weekly Market OverviewSaturday 12th & Sunday 13th November 2011House with auction sign

The clearance rate this weekend is 54 per cent compared to 50 per cent on each of the past two weekends and 59 per cent this weekend last year.

With a high number of auctions over the next two weekends vendors will be hoping the small improvement recorded today is the start of a cycle of strengthening demand.
There have been a total of 713 auctions this weekend of which 383 sold and 330 were passed in, 214 of those on a vendors bid.
Next weekend the REIV expects around 815 auctions and 1045 on the last weekend in the month.

Enzo Raimondo
CEO REIV

Total Auctions

This weekend: 713
Last weekend: 576
This time last year: 921

S Sold at Auction: 323
SB Sold before Auction: 60
SA Sold after Auction: 0

Passed in: 330
Passed in on vendor's bid: 214
Clearance rate: 54%

Postponed: 6
Withdrawn: 4
Auctions with no result: 123

PS Private Sales: 468
PS Private Sales: 470
Total Volume (Auctions): $287.97mil
Total Volume (Private Sales): $251.95mil

Total Auctions Houses: 487
Clearance Rate: 52%
Median Price: $710,000
Total Value: $213,362,250

Total Auctions Flats/Apartments: 212
Clearance Rate: 58%
Median Price: $516,000
Total Value: $69,652,425

Total Auctions Vacant Land: 13
Clearance Rate: 38%
Median Price: $440,000

House Sales in Detail

TOP 5 HOUSES
1. 12 Victoria Street, Williamstown $2,400,000
2. 29 Guildford Road, Surrey Hills $2,185,000
3. 24 St Johns Avenue, Springvale $2,010,000
4. 37 St Georges Road, Elsternwick $1,800,000
5. 111 Rowe Street, Fitzroy North $1,711,000

TOP 5 BARGAIN HOUSES
1. 37 Meakin Way, Deer Park $290,000
2. 446 Waterfall Gully Road, Rosebud $325,000
3. 2B Tarana Avenue, Glenroy $337,000
4. 3 Pritchard Avenue, Braybrook $350,000
5. 8 Locke Street, Rye $360,000

Flat/Apartment Sales in Detail


TOP 5 APARTMENTS
1. 4 Penny Lane, South Yarra $1,410,000
2. 6 Penny Lane, South Yarra $1,340,000
3. 4/14 Grange Road, Toorak $1,305,000
4. 393 Glen Eira Road, Caulfield North $1,210,000
5. 3 Reilly Place, South Melbourne $1,100,000

TOP 5 BARGAIN APARTMENTS
1. 215/408 Lonsdale Street, Melbourne $195,000
2. 10/99 Melbourne Road, Williamstown $240,000
3. 2/44 Type Street, Richmond $250,000
4. 3/7 Truganini Road, Carnegie $263,000
5. 5/14 Olive Street, Caulfield South $283,000
Get the latest auction results first from the REIV every Saturday and Sunday evening.