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Withdrawn:3 Postponed:1 No Result: 123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
