REIV:: Weekly Auction & Sales Results week ending 21st June 2009
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Sunday 21 June 2009
Today the residential auction market delivered the best result in around 18 months which is an exceptional outcome and will provide anyone considering selling in spring with a great deal of confidence.
The clearance rate reached 86 per cent from the 526 auctions reported.
The last time the clearance rate was at this rate was the 28th of August 2007 when it also reached 86 per cent.
A total of 453 homes sold and 73 were passed in, 37 of which were passed in on a vendors bid.
The REIV is expecting just under 500 auctions next weekend.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 526
Last weekend: 527
This weekend last year: 551
S Sold at Auction: 378
SB Sold before Auction: 70
SA Sold after Auction: 5
Passed in: 73
Passed in on vendor’s bid: 37
Clearance rate: 86%
Postponed: 0
Withdrawn: 0
Auctions with no result: 28
PS Private Sales: 797
Total Volume (Auctions): $286.31mil
Total Volume (Private Sales): $336.45mil
Total Auctions Houses: 328
Clearance Rate: 87%
Median Price: $597,500
Total Auctions Flats/Apartments: 186
Clearance Rate: 85%
Median Price: $440,000
Total Auctions Vacant Land: 12
Clearance Rate: 83%
Median Price: $293,500
House Sales in Detail
TOP 5 HOUSES
1. 10 Murphy Street, Brighton $3,500,000
2. 2 Lorac Avenue, Brighton $3,475,000
3. 1097-1099 Malvern Road, Toorak $3,150,000
4. 7 Cosham Street, Brighton $2,970,000
5. 76 Were Street, Brighton $2,250,000
TOP 5 BARGAIN HOUSES
1. 9 Lewana Street, Rye $215,500
2. 21 Kensei Street, Melton $230,000
3. 3 Gobur Court, Meadow Heights $237,000
4. 11 Indra Road, Blackburn South $246,000
5. 1013 Pascoe Vale Road, Jacana $255,500
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 1-7/8 Cole Crescent, Chadstone $2,420,000
2. 1/4 St Georges Court, Toorak $1,500,000
3. 13 Moorhouse Street, Armadale $1,450,000
4. 2/32 Cedric Street, Ivanhoe East $1,230,000
5. 4/9 David Street, St Kilda East $877,500
TOP 5 BARGAIN APARTMENTS
1. 19/196 Corrigan Road, Noble Park $221,500
2. 1/49 Farnham Street, Flemington $225,000
3. 24/K11 Raleigh Street, Windsor $228,000
4. 4/35 Princess Street, Seddon $230,000
5. 404/318 Little Bourke Street, Melbourne $245,000
Get the latest auction and private sale results first from the REIV every Saturday and Sunday evening.
Source: REIV
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