Melbourne Property Sales Results
Saturday 27th and Sunday 28th July 2013
A clearance rate of 71 per cent was recorded this weekend compared to 68 per cent last weekend and 62 per cent this time last year.
Thirty per cent more homes have sold at auction compared to this time last year due to there being more auctions but also a clearance rate that is 10 points higher.
There were 506 auctions reported to the REIV this weekend, with 358 selling and 148 being passed in, 97 of those on a vendor bid.
Next weekend the REIV expects around 560 auctions before a small rise to 630 the following weekend.
Enzo Raimondo
CEO REIV
RESIDENTIAL
S Sold at Auction: 287
SB Sold before Auction: 69
SA Sold after Auction: 2
Passed in: 148
Passed in on vendor's bid: 97
Clearance rate: 71%
TOTAL AUCTIONS
This week: 506
Yesterday: 11
Last Sunday: 10
This weekend last month: 655
This weekend last year: 362
CLEARANCE RATES:
Weekend: 71%
Yesterday: 64%
Last Sunday: 90%
This weekend last month: 70%
This weekend last year: 62%
Postponed: 12
Withdrawn: 10
Auctions with no result: 42
PS Private Sales: 456
Total Volume (Auctions): $256.47mil
Total Volume (Private Sales): $220.68mil
Total Auctions Houses: 318
Clearance Rate: 72%
Median Price: $720,000
Total Value: $186,094,600
Total Auctions Flats/Apartments: 178
Clearance Rate: 71%
Median Price: $541,500
Total Value: $66,170,550
Total Auctions Vacant Land: 9
Clearance Rate: 22%
Median Price: $839,500
Total Value: $1,679,000
TOP 5 HOUSES
1. 84 Canterbury Road, Middle Park $3,055,000
2. 292-294 Church Street, Richmond $2,870,000
3. 40 Lansdown Street, Balwyn North $2,280,000
4. 10 Yarrbat Avenue, Balwyn $1,970,000
5. 179 Church Street, Brighton $1,875,000
TOP 5 BARGAIN HOUSES
1. 14 Glenmaggie Court, Meadow Heights $250,000
2. 36 Scarborough Crescent, Melton West $270,500
3. 55 Dorchester Street, Craigieburn $290,000
4. 7 Arcadia Street, Carrum Downs $297,000
5. 48 Wedge Road, Carrum Downs $330,500
TOP 5 APARTMENTS
1. 1/22 Mercer Road, Armadale $1,325,000
2. 38B Beddoe Avenue, Bentleigh East $935,000
3. 109B Cambridge Street, Collingwood $925,000
4. 135/56 Nicholson Street, Abbotsford $850,000
5. 6 Fairbairn Drive, Kensington $810,000
TOP 5 BARGAIN APARTMENTS
1. 302/133 Droop Street, Footscray $124,800
2. 12/1 Kokaribb Road, Carnegie $266,000
3. 4/201 Main Road, Lower Plenty $280,000
4. 13/5 Kemp Street, Thornbury $282,900
5. 1/13 Wattle Avenue, Glen Huntly $288,000