Melbourne Property Sales Results
for Saturday 1st and Sunday 2nd November 2014
A clearance rate of 69 per cent was recorded this weekend compared to 71 per cent last weekend and 67 per cent this weekend last year.
There were 210 auctions reported to the REIV this weekend, with 144 selling and 66 being passed in, 39 of those on a vendor bid.
There were nearly 4,600 auctions held in the month of October, which is five per cent higher than this month last year. The top suburbs for auctions in the month were Reservoir and St Kilda with more than 60 auctions each.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 115
SB Sold before Auction: 28
SA Sold after Auction: 1
Passed in: 66
Passed in on vendor's bid: 39
Clearance rate: 69%
TOTAL AUCTIONS
This week: 210
Yesterday: 4
Last Sunday: 61
This weekend last month: 825
This weekend last year: 192
CLEARANCE RATES:
Weekend: 69%
Yesterday: 50%
Last Sunday: 72%
This weekend last month: 70%
This weekend last year: 67%
Postponed: 11
Withdrawn: 12
Auctions with no result: 7
PS Private Sales: 401
Total Volume (Auctions): $102.15mil
Total Volume (Private Sales): $226.83mil
Total Auctions Houses: 140
Clearance Rate: 71%
Median Price: $735,750
Total Value: $78,467,000
Total Auctions Flats/Apartments: 50
Clearance Rate: 70%
Median Price: $491,000
Total Value: $16,152,000
Total Auctions Vacant Land: 17
Clearance Rate: 35%
Median Price: $317,500
Total Value: $2,139,000
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TOP 5 HOUSES
1. 294 Cecil Street, South Melbourne $2,320,000
2. 6-8 Railway Crescent, Hampton $1,621,000
3. 121 Erskine Street, Middle Park $1,540,000
4. 14 Imperial Avenue, Caulfield South $1,510,000
5. 1 Gwingana Crescent, Glen Waverley $1,501,000
TOP 5 BARGAIN HOUSES
1. 9 Bay Vista, Pakenham $353,000
2. 6 Walpole Avenue, Rosebud $372,000
3. 27 William Avenue, Hallam $380,000
4. 36 Parkmore Road, Rosebud $386,000
5. 24 Glengala Road, Sunshine West $420,000
TOP 5 APARTMENTS
1. 38/11 Nicholson Street, Abbotsford $765,000
2. 3/333 Hawthorn Road, Vermont South $701,000
3. 1/15 Glyndon Road, Camberwell $677,000
4. 3/8 Treetop Court, Heathmont $671,000
5. 1/4-6 Richardson Street, Essendon $670,000
TOP 5 BARGAIN APARTMENTS
1. 4/11 Epstein Street, Reservoir $287,000
2. 10/51 Buckley Street, Moonee Ponds $293,000
3. 2/119 North Street, Hadfield $350,000
4. 10/168 Power Street, Hawthorn $392,000
5. 6/68 Nolan Street, Frankston $405,000
Source: http://www.reiv.com.au/Property-Research
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