Melbourne Property Sales Results
Sat 15th June & Sun 16th June 2013
A clearance rate of 70 per cent was recorded this weekend compared to 65 per cent last weekend and 53 per cent this weekend last year.
Year to date the residential auction market is experiencing a higher volume of auctions than the last two years. The REIV estimates approximately 3,175 auctions will be conducted in the month of June, the only time this number was exceeded in the past decade was in June 2010.
There were 740 auctions reported to the REIV this weekend, with 521 selling and 219 being passed in, 146 of those on a vendor bid.
Next weekend the REIV expects around 750 auctions
Enzo Raimondo
CEO REIV
RESIDENTIAL
S Sold at Auction: 417
SB Sold before Auction: 102
SA Sold after Auction: 2
Passed in: 219
Passed in on vendor's bid: 146
Clearance rate: 70%
TOTAL AUCTIONS
This week: 740
Yesterday: 24
Last Sunday: 4
This weekend last month: 669
This weekend last year: 167
CLEARANCE RATES:
Weekend: 70%
Yesterday: 79%
Last Sunday: 50%
This weekend last month: 71%
This weekend last year: 53%
Postponed: 10
Withdrawn: 5
Auctions with no result: 39
PS Private Sales: 425
Total Volume (Auctions): $391.65mil
Total Volume (Private Sales): $209.14mil
Total Auctions Houses: 455
Clearance Rate: 74%
Median Price: $745,500
Total Value: $288,237,664
Total Auctions Flats/Apartments: 269
Clearance Rate: 66%
Median Price: $538,000
Total Value: $99,963,748
Total Auctions Vacant Land: 14
Clearance Rate: 43%
Median Price: $417,500
Total Value: $3,312,000