saturday june 26th 2010 reiv auction results

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    Saturday June 26th 2010-REIV


    The clearance rate from today?s 773 auctions is 65 per cent, a result that clearly shows the impact of high stock levels throughout June.

    The outlook for July reveals a lower number of homes offered for auction, around 550-600 per weekend and less opportunities for buyers.

    This weekend last year saw 451 auctions and clearance rate of 87 per cent.

    There have been 773 auctions this weekend with a total of 502 selling and 271 passed in, 171 of those on a vendors bid.

    The REIV expects 590 auctions next weekend.

    Enzo Raimondo
    CEO REIV





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    TOTAL AUCTIONS

    This week: 773
    Last Weekend: 952
    This timelast year: 426

    S Sold at Auction: 405
    SB Sold before Auction: 96
    SA Sold after Auction: 1
    Passed in: 271
    Passed in on vendor's bid: 171

    Clearance rate: 65%



    Postponed: 2
    Withdrawn: 5
    Auctions with no result: 87

    PS Private Sales: 579



    Total Volume (Auctions): $361.79mil
    Total Volume (Private Sales): $279.56mil


    Total Auctions Houses: 510
    Clearance Rate: 63%
    Median Price: $712,500
    Total Value: $258,623,588

    Total Auctions Flats/Apartments: 252
    Clearance Rate: 68%
    Median Price: $510,000
    Total Value: $97,360,130

    Total Auctions Vacant Land: 11
    Clearance Rate: 73%
    Median Price: $571,250
    Total Value: $5,811,000


    House Sales in Detail

    TOP 5 HOUSES
    1. 8 Alfred Street, Kew $2,975,000
    2. 53 Linda Crescent, Hawthorn $2,810,000
    3. 1 Terama Court, Glen Waverley $2,200,000
    4. 48 Stuart Street, Armadale $1,900,000
    5. 15 Parnell Street, Elsternwick $1,810,000

    TOP 5 BARGAIN HOUSES
    1. 9 Derby Road, Herne Hill $254,000
    2. 60 Ardsley Circuit, Craigieburn $260,500
    3. 457 Barry Road, Dallas $285,000
    4. 1/89 Bindi Street, Glenroy $305,000
    5. 187 Seventh Avenue, Rosebud $307,000


    Flat/Apartment Sales in Detail

    TOP 5 APARTMENTS
    1. 1/33 St Georges Road, Toorak $1,710,000
    2. 2/36 Avoca Street, South Yarra $1,460,000
    3. 1/329 Glenferrie Road, Malvern $1,415,000
    4. 34 Pacific Boulevard, Beaumaris $965,000
    5. 2/14 Mangan Street, Balwyn $955,000

    TOP 5 BARGAIN APARTMENTS
    1. 10/73 Kingsville Street, Kingsville $253,000
    2. 2/16 Percy Street, St Albans $255,000
    3. 10/745 Barkly Street, Footscray West $268,000
    4. 97/131 Lonsdale Street, Melbourne $280,000
    5. 5/59 The Esplanade , Maribyrnong $285,000

 
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