Melbourne Property Sales Results
for Sat 10th and Sun 11th Aug 2013
A clearance rate of 76 per cent was recorded this weekend compared to 72 per cent last weekend and 56 per cent this weekend last year.
There were 548 auctions reported to the REIV this weekend, with 414 selling and 134 being passed in, 71 of those on a vendor bid.
Next weekend the REIV expects around 620 auctions.
Enzo Raimondo
CEO REIV
S Sold at Auction: 335
SB Sold before Auction: 78
SA Sold after Auction: 1
Passed in: 134
Passed in on vendor's bid: 71
Clearance rate: 76%
TOTAL AUCTIONS
This week: 548
Yesterday: 14
Last Sunday: 12
This weekend last month: 379
This weekend last year: 434
CLEARANCE RATES:
Weekend: 76%
Yesterday: 86%
Last Sunday: 92%
This weekend last month: 73%
This weekend last year: 56%
Postponed: 10
Withdrawn: 10
Auctions with no result: 42
PS Private Sales: 459
Total Volume (Auctions): $340.33mil
Total Volume (Private Sales): $219.45mil
Total Auctions Houses: 363
Clearance Rate: 78%
Median Price: $795,750
Total Value: $266,807,527
Total Auctions Flats/Apartments: 179
Clearance Rate: 71%
Median Price: $542,500
Total Value: $72,083,700
Total Auctions Vacant Land: 5
Clearance Rate: 60%
Median Price: $197,500
Total Value: $1,437,500
Source: http://www.reiv.com.au/en/Property-Research