Melbourne Property Sales Results
for Saturday 27th & Sunday 28th September 2014
There were 22 auctions reported to the REIV today, with 18 properties selling and 4 being passed in, 1 of those on a vendor bid.
There will be no official clearance rate this week due to the low level of auctions as a result of the AFL Grand Final. Next weekend the REIV expects about 840 auctions.
Enzo Raimondo
CEO REIV
Results
S Sold at Auction: 12
SB Sold before Auction: 6
SA Sold after Auction: 0
Passed in: 4
Passed in on vendor's bid: 1
Clearance rate: N/A
TOTAL AUCTIONS
This week: 22
Last Weekend: 1051
This time last year: 64
Postponed: 2
Withdrawn: 1
Auctions with no result: 35
PS Private Sales: 353
Total Volume (Auctions): $14.53mil
Total Volume (Private Sales): $194.14mil
Total Auctions Houses: 11
Clearance Rate: 82%
Median Price: $808,000
Total Value: $7,368,000
Total Auctions Flats/Apartments: 7
Clearance Rate: 71%
Median Price: $705,000
Total Value: $2,861,000
Total Auctions Vacant Land: 3
Clearance Rate: 100%
Median Price: $450,000
Total Value: $2,480,000
TOP 5 HOUSES
1. 1 Levien Street, Essendon $1,142,000
2. 394 Ross Street, Port Melbourne $870,000
3. 45 Carinya Road, Vermont $856,000
4. 3 Glengarry Avenue, Burwood $808,000
5. 87 Alexander Street, Seddon $725,000
TOP 5 BARGAIN HOUSES
1. 31 Woodward Street, Springvale $481,000
2. 99 Springvale Road, Nunawading $481,000
3. 547 Mitcham Road, Vermont $655,000
4. 87 Alexander Street, Seddon $725,000
5. 3 Glengarry Avenue, Burwood $808,000
TOP 5 APARTMENTS
1. 1/16 Churchill Avenue, Chadstone $851,000
2. 2/26 Burton Crescent, Ivanhoe East $710,000
3. 24A Bennett Avenue, Mount Waverley $700,000
4. 4/7 Harpur Court, Oakleigh East $600,000
TOP 5 BARGAIN APARTMENTS
1. 4/7 Harpur Court, Oakleigh East $600,000
2. 24A Bennett Avenue, Mount Waverley $700,000
3. 2/26 Burton Crescent, Ivanhoe East $710,000
4. 1/16 Churchill Avenue, Chadstone $851,000
Conveyancing Checklist Free Download Here
Source: http://www.reiv.com.au/Property-Research