Melbourne Property Sales Results
Sat 29th June & Sun 30th June 2013
A clearance rate of 73 per cent was recorded today compared to 69 per cent last weekend and 55 per cent this weekend last year.
There were 601 auctions reported to the REIV this weekend, with 437 selling and 164 being passed in, 76 of those on a vendor bid.
The slight increase in the clearance rate this week may be due to the first home owners grant for established dwellings coming to an end on the 30th, June 2013.
Next weekend the REIV expects around 390 auctions.
Enzo Raimondo
CEO REIV
RESIDENTIAL
S Sold at Auction: 358
SB Sold before Auction: 78
SA Sold after Auction: 1
Passed in: 164
Passed in on vendor's bid: 76
Clearance rate: 73%
TOTAL AUCTIONS
This week: 601
Yesterday: 12
Last Sunday: 25
This weekend last month: 773
This weekend last year: 597
CLEARANCE RATES:
Weekend: 73%
Yesterday: 83%
Last Sunday: 72%
This weekend last month: 73%
This weekend last year: 55%
Postponed: 9
Withdrawn: 6
Auctions with no result: 54
PS Private Sales: 584
Total Volume (Auctions): $303.21mil
Total Volume (Private Sales): $270.1mil
Total Auctions Houses: 362
Clearance Rate: 75%
Median Price: $678,500
Total Value: $207,876,050
Total Auctions Flats/Apartments: 226
Clearance Rate: 69%
Median Price: $510,000
Total Value: $82,908,750
Total Auctions Vacant Land: 10
Clearance Rate: 50%
Median Price: $555,000
Total Value: $4,205,000