Melbourne Property Sales Results
1st June & 2nd June 2013
A clearance rate of 74 per cent was recorded this weekend compared to 69 per cent last weekend and 56 per cent for this weekend last year.
Todays result is an improvement on the clearance rate in May which was 70 per cent from 2,848 auctions. May recorded an increase of 2 points from April. When compared to May last year, the improvement in the market is obvious with 10 per cent more auctions and a clearance rate that is 8 points higher.
There were 721 auctions reported to the REIV this weekend, with 531 selling and 190 being passed in, 107 of those on a vendor bid.
Next weekend the REIV expects around 170 auctions.
Enzo Raimondo
CEO REIV
S Sold at Auction: 418
SB Sold before Auction: 113
SA Sold after Auction: 0
Passed in: 190
Passed in on vendor's bid: 107
Clearance rate: 74%
TOTAL AUCTIONS
This week: 721
Yesterday: 12
Last Sunday: 14
This weekend last month: 748
This weekend last year: 647
CLEARANCE RATES:
Weekend: 74%
Yesterday: 92%
Last Sunday: 86%
This weekend last month: 69%
This weekend last year: 56%
Postponed: 7
Withdrawn: 5
Auctions with no result: 7
PS Private Sales: 685
Total Volume (Auctions): $400.57mil
Total Volume (Private Sales): $329.2mil
Total Auctions Houses: 476
Clearance Rate: 74%
Median Price: $726,000
Total Value: $296,679,295
Total Auctions Flats/Apartments: 232
Clearance Rate: 72%
Median Price: $535,000
Total Value: $99,816,800
Total Auctions Vacant Land: 12
Clearance Rate: 67%
Median Price: $310,000
Total Value: $3,043,000
Source: