Melbourne Property Sales Results
for Saturday 22nd and Sunday 23rd November 2014
A clearance rate of 67 per cent was recorded this weekend compared to 66 per cent last weekend and 65 per cent this weekend last year.
There were 1073 auctions reported to the REIV this weekend, with 720 selling and 353 being passed in, 195 of those on a vendor bid.
A total of around 35,000 auctions have been held so far this year. The next fortnight will see a buoyant market with about 3,100 auctions scheduled to be held between 29 November and 7 December
Enzo Raimondo
CEO REIV
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S Sold at Auction: 589
SB Sold before Auction: 130
SA Sold after Auction: 1
Passed in: 353
Passed in on vendor's bid: 195
Clearance rate: 67%
TOTAL AUCTIONS
This week: 1073
Yesterday: 11
Last Sunday: 61
This weekend last month: 1682
This weekend last year: 11038
CLEARANCE RATES:
Weekend: 67%
Yesterday: 64%
Last Sunday: 69%
This weekend last month: 71%
This weekend last year: 65%
Postponed: 25
Withdrawn: 19
Auctions with no result: 223
PS Private Sales: 476
Total Volume (Auctions): $601.68mil
Total Volume (Private Sales): $264.65mil
Total Auctions Houses: 726
Clearance Rate: 71%
Median Price: $814,000
Total Value: $480,289,500
Total Auctions Flats/Apartments: 326
Clearance Rate: 59%
Median Price: $640,000
Total Value: $117,769,201
Total Auctions Vacant Land: 20
Clearance Rate: 55%
Median Price: $250,000
Total Value: $3,620,500
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TOP 5 HOUSES
1. 33 Hawthorn Grove, Hawthorn $6,125,000
2. 13 Kintore Street, Camberwell $4,680,000
3. 24 Walmer Street, Kew $3,920,000
4. 23 Wills Street, Kew $3,550,000
5. 26 Walsh Street, Deepdene $3,205,000
TOP 5 BARGAIN HOUSES
1. 27 Moreton Street, Frankston North $190,000
2. 12 Haven Court, Westmeadows $317,000
3. 22 Dunkinson Street, Narre Warren $317,000
4. 13 Branson Street, Rosebud $343,000
5. 29 Larkspur Drive, St Albans $360,500
TOP 5 APARTMENTS
1. 14A Plant Street, Malvern $1,648,000
2. 1/14 Bamfield Street, Sandringham $1,370,000
3. 54/400 Victoria Parade, East Melbourne $1,310,000
4. 47A Edgar Street, Glen Iris $1,240,000
5. 2/53 First Street, Black Rock $1,210,000
TOP 5 BARGAIN APARTMENTS
1. 7/9 Ostia Court, Thomastown $250,000
2. 19/2 Jessamine Avenue, Prahran $275,000
3. 3/56 Golflinks Road, Glenroy $302,000
4. 2/108 Cross Street, West Footscray $305,500
5. 10/263 Lennox Street, Richmond $321,000
Source: http://www.reiv.com.au/Property-Research
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