Melbourne Property Sales Results
for Saturday January 18th
There have been 36 auctions reported to the REIV with 19 selling and 17 being passed in, 11 of those on a vendors bid. In light of the low volume of auctions to start this year no formal clearance rate can be published.
We expect auction volumes to increase over the coming weeks.
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1300 577 233
S Sold at Auction: 13
SB Sold before Auction: 6
SA Sold after Auction: 0
Passed in: 17
Passed in on vendor's bid: 11
Clearance rate: N/A
TOTAL AUCTIONS
This week: 36
Last weekend: N/A
This weekend last year: N/A
Postponed: 4
Withdrawn: 5
Auctions with no result: 14
PS Private Sales: 233
Total Volume (Auctions): $7.85mil
Total Volume (Private Sales): $129.03mil
Total Auctions Houses: 28
Clearance Rate: 43%
Median Price: $560,000
Total Value: $5,871,500
Total Auctions Flats/Apartments: 6
Clearance Rate: 100%
Median Price: $380,000
Total Value: $1,890,000
Total Auctions Vacant Land: 3
Clearance Rate: 33%
Median Price: $85,000
Total Value: $85,000
Request Your Free Strategy Session Here
1300 577 233
Source: http://www.reiv.com.au/en/Property-Research