today's auctions, page-2

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Weekly Auction & Sales Results, Market Overview
Saturday 4th December 2010

This is the third weekend in a row with over 1000 auctions planned and the biggest of the year - till next weekend.

The clearance rate has remained stable this weekend, confirming that the drop in demand from the latest interest rate rise was not temporary. This will now impact stock levels in 2011.

There was a total of 937 auctions reported today, with a total of 561 selling and 376 passed in, 237 of those on a vendors bid.The clearance rate for this weekend was 60%.

Its interesting to note that 2010 will see the most auctions ever held in one year in Melbourne, surpassing the previous high in 1999. This weekend last year saw 913 auctions and a clearance rate of 82 per cent.

Next weekend there are 1280 auctions expected.

Enzo Raimondo
CEO REIV


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TOTAL AUCTIONS

This week: 937
Last Weekend: 1028
This time last year: 876

S Sold at Auction: 475
SB Sold before Auction: 84
SA Sold after Auction: 2

Postponed: 3
Withdrawn: 2
Auctions with no result: 135

PS Private Sales: 615

Total Volume (Auctions): $424.2mil
Total Volume (Private Sales): $316.49mil

Total Auctions Houses: 611
Clearance Rate: 60%
Median Price: $735,000
Total Value: $309,215,738

Total Auctions Flats/Apartments: 307
Clearance Rate: 61%
Median Price: $535,000
Total Value: $111,365,800

Total Auctions Vacant Land: 18
Clearance Rate: 33%
Median Price: $372,500
Total Value: $3,403,500


House Sales in Detail


TOP 5 HOUSES
1. 12 Knutsford Street, Balwyn $3,520,000
2. 6B Henderson Avenue, Malvern $2,580,000
3. 107 Richardson Street, Albert Park $2,322,000
4. 3 Reed Street, Albert Park $2,260,000
5. 127 South Road, Brighton $2,250,000

TOP 5 BARGAIN HOUSES
1. 83 Geach Street, Dallas $285,000
2. 3 Dover Street, Albanvale $290,500
3. 17 Longtown Court, Craigieburn $295,000
4. 1 Elm Court, Coolaroo $296,000
5. 128 Opie Road, Albanvale $316,000

Flat/Apartment Sales in Detail


TOP 5 APARTMENTS
1. 4/23 St Ninians Road, Brighton $4,825,000
2. 2/1 Chatsworth Avenue, Brighton $2,525,000
3. 194 Church Road, Doncaster $1,700,000
4. 218B The Esplanade, Brighton $1,400,000
5. 6 Strode Place, Richmond $1,055,000

TOP 5 BARGAIN APARTMENTS
1. 101/313 Waverley Road, Malvern East $147,000
2. 12/9-11 Chris Court, Oak Park $227,000
3. 11/93 St Leonards Road, Ascot Vale $280,000
4. 9/6 Newman Avenue, Carnegie $286,000
5. 6/5 Brindisi Street, Mentone $290,000