Melbourne Property Sales Results
For Sat 16th & Sun 17th November 2013
A clearance rate of 71 per cent was recorded this weekend compared to 68 per cent last weekend and 59 per cent this weekend last year.
There were 1048 auctions reported to the REIV this weekend, with 740 selling and 308 being passed in, 167 of those on a vendor bid.
Next weekend the REIV expects around 1160 auctions.
Enzo Raimondo
CEO REIV
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RESIDENTIAL
S Sold at Auction: 606
SB Sold before Auction: 134
SA Sold after Auction: 0
Passed in: 308
Passed in on vendor's bid: 167
Clearance rate: 71%
TOTAL AUCTIONS
This week: 1048
Yesterday: 19
Last Sunday: 27
This weekend last month: 1009
This weekend last year: 769
CLEARANCE RATES:
Weekend: 71%
Yesterday: 89%
Last Sunday: 67%
This weekend last month: 70%
This weekend last year: 59%
Postponed: 19
Withdrawn: 13
Auctions with no result: 140
PS Private Sales: 431
Total Volume (Auctions): $592.39mil
Total Volume (Private Sales): $217.42mil
Total Auctions Houses: 683
Clearance Rate: 71%
Median Price: $776,000
Total Value: $434,518,759
Total Auctions Flats/Apartments: 349
Clearance Rate: 71%
Median Price: $570,000
Total Value: $150,312,212
Total Auctions Vacant Land: 14
Clearance Rate: 50%
Median Price: $436,000
Total Value: $3,803,000
TOP 5 HOUSES
1. 50 Fellows Street, Kew $4,100,000
2. 520 Arthurs Seat Road, Red Hill $3,300,000
3. 22 Mangarra Road, Canterbury $2,830,000
4. 23 Rose Street, Bentleigh $2,635,000
5. 2 Alma Road, Camberwell $2,580,000
TOP 5 BARGAIN HOUSES
1. 349 Frankston - Dandenong Road, Frankston North $255,000
2. 22 Hampstead Drive, Hoppers Crossing $255,000
3. 13 Regal Avenue, Thomastown $297,000
4. 3 Grist Street, St Albans $306,000
5. 6 Raimeno Street, Lalor $317,000
TOP 5 APARTMENTS
1. 72 Oban Street, South Yarra $2,335,000
2. 2/2 Hastings Road, Hawthorn East $1,655,000
3. 1/29 Huntingtower Road, Armadale $1,625,000
4. 4/168 Toorak Road West, South Yarra $1,400,000
5. 62 Beacon Vista, Port Melbourne $1,350,000
TOP 5 BARGAIN APARTMENTS
1. 33/25 Redan Street, St Kilda $140,000
2. 404/408 Lonsdale Street, Melbourne $210,000
3. 11/133 Park Street, Moonee Ponds $221,100
4. 4/3 Perkin Avenue, Pascoe Vale $252,500
5. 10/18 Orange Grove, Balaclava $257,500
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