Weekly Auction & Sales Results, Market Overview
Saturday?30th April 2011
The clearance rate from this weekends residential auctions is 58 per cent which is 4 per cent less than the year to date clearance rate of 62 per cent.
The number homes on the market has reduced since Easter and it is apparent from this weekends result that the number of active buyers has as well.
There was a total of 455 auctions reported this weekend of which 232 sold and 193 were passed in, 107 of those on a vendors bid.
This weekend last year saw a very high 872 auctions and a clearance rate of 80 per cent.
The REIV expects just over 600 auctions next weekend.
Enzo Raimondo
CEO REIV
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TOTAL AUCTIONS
This Week: 455
Last Week:?34 (Easter)
This time Last Year: 843
S Sold at Auction: 206
SB Sold before Auction: 55
SA Sold after Auction: 1
Passed in: 193
Passed in on vendor's bid: 107
Clearance rate: 58%
Postponed:1
Withdrawn: 5
Auctions with no result: 103
PS Private Sales: 510
Total Volume (Auctions): $161.36mil
Total Volume (Private Sales): $248.45mil
Total Auctions Houses: 292
Clearance Rate: 54%
Median Price: $602,000
Total Value: $102,239,600
Total Auctions Flats/Apartments: 150
Clearance Rate: 63%
Median Price: $492,500
Total Value: $53,187,750
Total Auctions Vacant Land: 11
Clearance Rate: 73%
Median Price: $337,500
Total Value: $5,817,000
House Sales in Detail?
TOP 5 HOUSES
1. 38 Richardson Street, Albert Park $1,950,000
2. 3/10 Hyton Crescent, Kew $1,650,000
3. 5 Irene Place, Prahran $1,577,500
4. 14 Merton Street, Albert Park $1,460,000
5. 13 Riverside Avenue, Balwyn North $1,460,000
TOP 5 BARGAIN HOUSES
1. 1/27 Yallourn Street, Ardeer $240,000
2. 12 Kaniva Street, Dallas $265,000
3. 10 The Birches, Doveton $285,000
4. 11 Kanooka Grove, Meadow Heights $302,500
5. 19 Moyne Crescent, Coolaroo $315,000?
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 62 Bulleen Road, Balwyn North $1,165,000
2. 17 Canterbury Road, Albert Park $1,126,000
3. 2/67 Talbot Avenue, Balwyn $980,000
4. 9B Purtell Street, Bentleigh East $915,000
5. 11/75 Princess Street, Kew $880,500
TOP 5 BARGAIN APARTMENTS
1. 27/22-28 Canterbury Street, Flemington $200,000
2. 7/36 Waterloo Crescent, St Kilda $270,000
3. 19/9 Hudson Street, Caulfield North $273,000
4. 9/106 Mimosa Road, Carnegie $280,000
5. 2/81 Bellairs Avenue, Yarraville $280,000
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reiv auction results 30/4 58% & 103 no result
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