Melbourne Property Sales Results
for Saturday 25th January 2014
There have been 44 auctions reported to the REIV with 21 selling and 23 being passed in, 18 of those on a vendors bid. In light of the low volume of auctions no formal clearance rate can be published.
Auction volumes are set to increase over the coming weeks as the school holidays wrap up.
Enzo Raimondo
CEO REIV
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S Sold at Auction: 16
SB Sold before Auction: 5
SA Sold after Auction: 0
Passed in: 23
Passed in on vendor's bid: 18
Clearance rate: 48%
TOTAL AUCTIONS
This week: 44
Last weekend: 52
This time last year: N/A
Postponed:1
Withdrawn: 2
Auctions with no result: 23
PS Private Sales: 657
Total Volume (Auctions): $12.76mil
Total Volume (Private Sales): $318.02mil
Total Auctions Houses: 35
Clearance Rate: 43%
Median Price: $597,500
Total Value: $10,571,500
Total Auctions Flats/Apartments: 5
Clearance Rate: 80%
Median Price: $406,000
Total Value: $1,213,000
Total Auctions Vacant Land: 4
Clearance Rate: 50%
Median Price: $487,500
Total Value: $975,000
TOP 5 HOUSES
1. 3037 Point Nepean Road, Sorrento $981,000
2. 41 Bay Road, Mount Martha $930,000
3. 47 Mcclares Road, Vermont $685,000
4. 43 Harleian Street, Blairgowrie $630,000
5. 228 Dromana Parade, Safety Beach $605,000
TOP 5 BARGAIN HOUSES
1. 83-85 Seventh Avenue, Rosebud $350,000
2. 7 Avion Place, Westmeadows $465,000
3. 336 Dundas Street, Rye $465,000
4. 12 Helena Court, Rye $520,500
5. 14 Stringer Road, Blairgowrie $560,000
TOP 5 APARTMENTS
1. 2/21 Staughton Avenue, Rosebud West $412,000
2. 3/21 Staughton Avenue, Rosebud West $406,000
3. 1/21 Staughton Avenue, Rosebud West $395,000
4. N/A
5. N/A
TOP 5 BARGAIN APARTMENTS
1. 1/21 Staughton Avenue, Rosebud West $395,000
2. 3/21 Staughton Avenue, Rosebud West $406,000
3. 2/21 Staughton Avenue, Rosebud West $412,000
4. N/A
5. N/A
Source: http://www.reiv.com.au/en/Property-Research
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