Melbourne Property Sales Results
for Saturday 21st and Sunday 22nd February 2015
A clearance rate of 76 per cent was recorded this weekend compared to 72 per cent last weekend and 73 per cent this weekend last year.
There were 852 auctions reported to the REIV This weekend, with 651 selling and 201 being passed in, 95 of those on a vendor bid.
This weekend marks the first major auction weekend of the year - with a further 1,470 auctions scheduled for next week. By the end of February, more than 3,000 homes are expected to have been auctioned, which is about 500 more than February last year.
The clearance rate for the year to date is 71 per cent, compared to 70 per cent in 2014.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 523
SB Sold before Auction: 127
SA Sold after Auction: 1
Passed in: 201
Passed in on vendor's bid: 95
Clearance rate: 76%
TOTAL AUCTIONS
This week: 852
Yesterday: 18
Last Sunday: 14
This weekend last month: N/A
This weekend last year: 1265
CLEARANCE RATES:
Weekend: 76%
Yesterday: 83%
Last Sunday: 86%
This weekend last month: N/A
This weekend last year: 73%
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Postponed: 17
Withdrawn: 9
Auctions with no result: 122
PS Private Sales: 408
Total Volume (Auctions): $539.34mil
Total Volume (Private Sales): $227.63mil
Total Auctions Houses: 520
Clearance Rate: 81%
Median Price: $877,500
Total Value: $402,250,768
Total Auctions Flats/Apartments: 316
Clearance Rate: 71%
Median Price: $554,000
Total Value: $133,765,150
Total Auctions Vacant Land: 15
Clearance Rate: 40%
Median Price: $392,500
Total Value: $2,620,000
TOP 5 HOUSES
1. 31 Cosham Street, Brighton $6,050,000
2. 20 Madden Street, Balwyn North $2,708,000
3. 73A and 75 Tower Road, Mount Eliza $2,600,000
4. 36 Bourne Road, Glen Iris $2,540,000
5. 165 Ashworth Street, Middle Park $2,430,000
TOP 5 BARGAIN HOUSES
1. 28 Hurlingham Way, Craigieburn $316,000
2. 45 Ross Street, Dandenong $317,000
3. 22 Seacrest Avenue, Seaford $328,000
4. 7 Bembridge Mews, Craigieburn $330,000
5. 5 Jesson Crescent, Dandenong $337,000
TOP 5 APARTMENTS
1. 4/12 St James Park Drive, Brighton $1,945,000
2. 1/6 Stanley Street, Brighton $1,506,000
3. 28B Well Street, Brighton $1,420,000
4. 38B Langdon Road, Caulfield North $1,360,000
5. 5/94 Charles Street, Ascot Vale $1,340,000
TOP 5 BARGAIN APARTMENTS
1. 5/90 Roberts Street, West Footscray $181,000
2. 6/7 Jepson Street, Yarraville $225,000
3. 11/7 Hatfield Court, West Footscray $255,000
4. 6/41 Cumming Street, Brunswick West $264,500
5. 3/30 Eldridge Street, Footscray $270,000
Source: http://www.reiv.com.au/Property-Research
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