Melbourne Property Sales Results for Saturday 8th & Sunday 9th June 2013
Melbourne Property Sales achieved a clearance rate of 66 per cent this weekend compared to 73 per cent last weekend and 58 per cent this weekend last year.
Due to the Queens Birthday public holiday on Monday auction volumes are very low this weekend and as a result the outcome is not a true indication of the state of the market.
There were 158 auctions reported to the REIV this weekend, with 105 selling and 53 being passed in, 31 of those on a vendor bid.
Next weekend the REIV expects around 810 auctions
Enzo Raimondo
CEO REIV
RESIDENTIAL
S Sold at Auction: 80
SB Sold before Auction: 25
SA Sold after Auction: 0
Passed in: 53
Passed in on vendor's bid: 31
Clearance rate: 66%
TOTAL AUCTIONS
This week: 158
Yesterday: 2
Last Sunday: 21
This weekend last month: 732
This weekend last year: 628
CLEARANCE RATES:
Weekend: 66%
Yesterday: 50%
Last Sunday: 86%
This weekend last month: 70%
This weekend last year: 58%
Postponed: 8
Withdrawn: 6
Auctions with no result: 0
PS Private Sales: 672
Total Volume (Auctions): $61.27mil
Total Volume (Private Sales): $303.3mil
Total Auctions Houses: 105
Clearance Rate: 69%
Median Price: $555,500
Total Value: $45,368,000
Total Auctions Flats/Apartments: 45
Clearance Rate: 62%
Median Price: $546,000
Total Value: $14,239,500
Total Auctions Vacant Land: 8
Clearance Rate: 62%
Median Price: $315,000
Total Value: $1,666,000
Source: http://www.reiv.com.au/en/Property-Research