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05/11/11
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Home>Property Research>Latest sales
Weekly Market Overview
Saturday 5th November 2011
The clearance rate this weekend is 52 per cent compared to 50 per cent last weekend and 59 per cent for this weekend last year.
There have been 498 auctions reported of which 258 sold and 240 passed in, 151 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: 498
Last week: 405
This time last year: 674
S Sold at Auction: 213
SB Sold before Auction: 45
SA Sold after Auction: 0
Passed in: 240
Passed in on vendor's bid: 151
Clearance rate: 52%
Postponed: 2
Withdrawn: 1
Auctions with no result: 69
PS Private Sales: 465
Total Volume (Auctions): $187.81mil
Total Volume (Private Sales): $205.49mil
Total Auctions Houses: 343
Clearance Rate: 51%
Median Price: $703,250
Total Value: $148,275,450
Total Auctions Flats/Apartments: 146
Clearance Rate: 53%
Median Price: $480,000
Total Value: $38,256,580
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. 2 Mytton Grove, Brighton $6,050,000
2. 15 Chastleton Avenue, Toorak $4,135,000
3. 8 Moule Avenue, Brighton $2,310,000
4. 17 Hedderwick Street, Essendon $2,300,000
5. 24 Roslyn Street, Brighton $2,300,000
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. 2/483 Royal Parade, Parkville $901,000
4. 3/110 Burke Road, Malvern East $870,000
5. 217 South Road, Brighton East $817,500
TOP 5 BARGAIN APARTMENTS
1. 11/72 Baker Street, Richmond $252,000
2. 3/90 Normanby Avenue, Thornbury $300,000
3. 29 Lichfield Avenue, Jacana $300,000
4. 14/14 Crimea Street, St Kilda $301,000
5. 2/128 Park Street, Moonee Ponds $307,000
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