down she goes, revised will be 50%

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Weekly Market Overview
Saturday 27th August 2011

The clearance rate this weekend is 55 per cent compared to 57 per cent last weekend and 70 per cent this weekend last year.

Increased stock levels this weekend have resulted in conditions more favorable to buyers, a trend likely to continue into spring.

There were a total of 503 auctions this weekend of which 276 sold and 227 were passed in, 159 of those on a vendors bid.

For the first weekend of spring the REIV is expecting 530 auctions.

Enzo Raimondo
CEO REIV

Total Auctions

This week: 503
Last week: 473
This time last year:?728

S Sold at Auction: 238
SB Sold before Auction: 38
SA Sold after Auction: 0

Passed in: 227
Passed in on vendor's bid: 159

Clearance rate: 55%


Postponed: 2
Withdrawn:?2
Auctions with no result:?82

PS Private Sales:?500

Total Volume (Auctions): $212.42mil
Total Volume (Private Sales): $236.38mil

Total Auctions Houses: 326
Clearance Rate: 56%
Median Price: $720,000
Total Value: $158,025,300

Total Auctions Flats/Apartments: 169
Clearance Rate: 53%
Median Price: $520,250
Total Value: $53,285,400

Total Auctions Vacant Land: 7
Clearance Rate: 29%
Median Price: $555,000
Total Value: $1,110,000


House Sales in Detail
TOP 5 HOUSES
1. 25 Kent Avenue, Brighton $6,400,000
2. 1 Panther Place, Fairfield $2,875,000
3. 8-10 Kinkora Road, Hawthorn $2,020,000
4. 25 Marriage Road, Brighton East $1,960,000
5. 16 Electra Street, Williamstown $1,820,000

TOP 5 BARGAIN HOUSES
1. 3 Lavington Court, Craigieburn $305,000
2. 118 Brights Drive, Rye $310,000
3. 9 Ormond Rise, Roxburgh Park $320,000
4. 44 Flinders Park Drive, Officer $325,000
5. 57 Hamilton Road, Bayswater North $340,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 2/52 Alfred Street, Kew $1,738,000
2. 132 Princes Street, Port Melbourne $1,300,000
3. 104A Wheatley Road, Mckinnon $1,270,000
4. 56 Sussex Street, Brighton $917,000
5. 3/2 Vautier Street, Elwood $913,500

TOP 5 BARGAIN APARTMENTS
1. 2/13 Tattenham Street, Caulfield East $316,500
2. 10/87-89 Mitchell Street, Bentleigh $317,000
3. 9 Val Court, Dandenong $321,500
4. 6/22 Warrabel Road, Ferntree Gully $322,500
5. 4/38 Shepparson Avenue, Carnegie $330,000

Get the latest auction results first from the REIV every Saturday and Sunday evening.

Recent sales search
To search for sales results over the past week please either select the letter which relates to the suburb or enter the suburb in the search box below. The results are then displayed at www.propertyDATA.com.au


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