It's getting worse, 52% on a saturday.Fudge factor omitted on...

  1. 526 Posts.
    It's getting worse, 52% on a saturday.

    Fudge factor omitted on the website again but still sent through with the email updates. It was:

    Withdrawn:3
    Postponed:1
    No Result: 123

    Private sales up from last week, but private sales volume the same as last week - last weeks private sales volume did seem too high for the number of private sales though.

    Although private sales are up they are still only at the level they were at the start of spring.

    Weekly Market Overview

    Saturday 19th November 2011

    The Melbourne auction market has been typified by consistently moderate levels of demand this year and this weekend is no different with a clearance rate of 52 per cent being recorded.

    This compares to 51 per cent last weekend and 57 per cent this weekend last year.

    There have been a total of 633 auctions this weekend of which 332 sold and 301 were passed in, 195 of those on a vendors bid.

    Next weekend the REIV expects around 1045 auctions next weekend.

    Enzo Raimondo
    CEO REIV

    Total Auctions

    This weekend: 633
    Last weekend: 799
    This time last year: 977

    S Sold at Auction: 287
    SB Sold before Auction: 45
    SA Sold after Auction: 0

    Passed in: 301
    Passed in on vendor's bid: 195

    Clearance rate: 52%

    PS Private Sales: 524

    Total Volume (Auctions): $249.7mil
    Total Volume (Private Sales): $253.53mil

    Total Auctions Houses: 443
    Clearance Rate: 51%
    Median Price: $718,000
    Total Value: $185,542,100

    Total Auctions Flats/Apartments: 178
    Clearance Rate: 56%
    Median Price: $520,000
    Total Value: $56,893,500

    Total Auctions Vacant Land: 10
    Clearance Rate: 50%
    Median Price: $375,000
    Total Value: $3,204,000

    House Sales in Detail

    TOP 5 HOUSES
    1. 24-26 Maltravers Road, Eaglemont $2,550,000
    2. 39 Hannan Street, Williamstown $2,430,000
    3. 125 Powlett Street, East Melbourne $1,925,000
    4. 55 Lavender Park Road, Eltham $1,730,000
    5. 97 Maltravers Road, Ivanhoe East $1,656,000

    TOP 5 BARGAIN HOUSES
    1. 52 Williamstown Road, Kingsville $265,000
    2. 45 Alma Street, Craigieburn $286,000
    3. 99 Doveton Avenue, Eumemmerring $303,000
    4. 13 Mereweather Avenue, Frankston $312,500
    5. 45 Anthony Drive, Chirnside Park $360,000

    Flat/Apartment Sales in Detail

    TOP 5 APARTMENTS
    1. 41A Brunel Street, Malvern East $1,020,000
    2. 7 Howard Street, South Yarra $875,000
    3. 3B/516 Toorak Road, Toorak $870,000
    4. 3 Broomfield Road, Hawthorn East $865,000
    5. 2/45 Rose Street, Mckinnon $856,000

    TOP 5 BARGAIN APARTMENTS
    1. 6/3 Gordon Street, Footscray $206,500
    2. 10/48 Sutherland Road, Armadale $280,000
    3. 5/25 Broadmeadows Road, Tullamarine $280,000
    4. 2/19 Beaumont Parade, West Footscray $282,000
    5. 2/56A Albert Avenue, Springvale $298,000
 
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