Weekly Auction & Sales Results, Market Overview
Saturday?5th March 2011
This weekend looks like a carbon copy of last with a total of 534 homes from the 806 auctions selling resulting in a clearance rate of 66 per cent compared to last weekends 65 per cent.
Of the 272 homes passed in 154 of those were passed in on a vendors bid. Despite a third of homes not selling at auction many real estate agents reported strong sales returning sale prices well above reserve.
This weekend last year saw 252 auctions and a clearance rate of 88 per cent, the low volume a result of Labour Day, conditions that will be repeated next weekend.
After next weekends low number of auctions volumes will rise sharply.
Enzo Raimondo
CEO REIV
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?TOTAL AUCTIONS
This week: 806
Last Weekend: 939
This weekend last year: 244
S Sold at Auction: 457
SB Sold before Auction: 76
SA Sold after Auction: 1
Passed in: 272
Passed in on vendor's bid: 154
Clearance rate: 66%
Postponed: 12
Withdrawn: 8
Auctions with no result: 126
PS Private Sales: 597
Total Volume (Auctions): $413.71mil
Total Volume (Private Sales): $302.72mil
Total Auctions Houses: 532
Clearance Rate: 67%
Median Price: $739,000
Total Value: $313,262,371
Total Auctions Flats/Apartments: 263
Clearance Rate: 64%
Median Price: $524,000
Total Value: $95,235,600
Total Auctions Vacant Land: 11
Clearance Rate: 82%
Median Price: $490,000
Total Value: $5,215,000
House Sales in Detail
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TOP 5 HOUSES
1. 19 Hamilton Road, Malvern $4,357,000
2. 127 Finch Street, Glen Iris $3,300,000
3. 11 William Street, Brighton $3,100,000
4. 5 Gaynor Court, Malvern $2,743,000
5. 34 Airlie Avenue, Prahran East $2,505,000
TOP 5 BARGAIN HOUSES
1. 10 Fairmount Road, Hawthorn East $142,000
2. 4 Leonid Drive, Rockbank $219,000
3. 4 Yaralla Court, Meadow Heights $271,000
4. 15 Wattle Street, Doveton $287,500
5. 38 Ventnor Crescent, Coolaroo $305,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 301/59 Stawell Street, Richmond $2,051,000
2. 2A Hillcrest Avenue, Brighton $1,210,000
3. 2/9 Yerrin Street, Balwyn $1,200,000
4. 901/8 Breavington Way, Northcote $1,170,000
5. 2/56 The Esplanade, Brighton $1,105,000
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TOP 5 BARGAIN APARTMENTS
1. 3/30 Geach Street, Dallas $246,000
2. 4/67 Mount View Parade, Croydon $268,500
3. 3/49 Austral Avenue, Preston $275,000
4. 18/12 Venice Street, Mentone $290,000
5. 1/30 Moodemere Street, Noble Park $300,500
reiv auction results-5/3/11-66%-126 no result
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