Melbourne Property Sales Results
Sat 11th & Sun 12th May 2013
A clearance rate of 72 per cent was recorded this weekend compared to 69 per cent last weekend and 61 per cent this weekend last year.
Year to date the value of the homes sold at auction has been just over $4B, significantly higher than the $2.9B this time last year. It is interesting to note that there have been three weekends when the combined value of auction sales was in excess of $500M.
There were 653 auctions reported to the REIV this weekend, with 468 selling and 185 being passed in, 117 of those on a vendor bid.
Next weekend the REIV expects around 670 auctions.
Enzo Raimondo CEO REIV
S Sold at Auction: 374
SB Sold before Auction: 94
SA Sold after Auction: 0
Passed in: 185
Passed in on vendor's bid: 117
Clearance rate: 72%
TOTAL AUCTIONS
This week: 653
Yesterday: 6
Last Sunday: 24
This weekend last month: 539
This weekend last year: 643
CLEARANCE RATES:
Weekend: 72%
Yesterday: 83%
Last Sunday: 67%
This weekend last month: 68%
This weekend last year: 61%
Source: http://www.reiv.com.au/en/Property-Research