saturday june 26th 2010 reiv auction results

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Withdrawn: 5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