This weekend was the last major weekend for auctions before the end of the year and the results provided a glimmer of hope for a stronger market in 2009 with 57 per cent of homes offered for auction selling this weekend, a better result than has been recorded for the last few weeks.
There were 662 auctions this weekend with 376 selling, 286 passed in of which 185 were passed in on a vendors bid.
TOTAL AUCTIONS
This week: 662
Last week: 741
Last year: 1171
S Sold at Auction: 288
SB Sold before Auction: 79
SA Sold after Auction: 9
Clearance rate: 57%
This weekend last year: 78%
Postponed: 2
Withdrawn: 1
Auctions with no result: 81
Passed in: 286
Passed in on vendor’s bid: 185
PS Private Sales: 635
Total Volume (Auctions): $210.39mil
Total Volume (Private Sales): $259.09mil
Total Auctions Houses: 463
Clearance Rate: 54%
Median Price: $549,500
Total Auctions Flats/Apartments: 188
Clearance Rate: 65%
Median Price: $370,000
Total Auctions Vacant Land: 9
Clearance Rate: 33%
Median Price: $330,000
House Sales in Detail
TOP 5 HOUSES
1. 5 Brandon Close, Brighton $4,000,000
2. 222 Osborne Street, Williamstown $2,050,000
3. 76 South Road, Brighton $1,850,000
4. 23 Seymour Avenue, Armadale $1,670,000
5. 46 Brunel Street, Malvern East $1,660,000
TOP 5 BARGAIN HOUSES
1. 36 Guildford Avenue, Coolaroo $200,000
2. 1 Widnes Court, Deer Park $210,000
3. 22 Westward Ho Drive, Sunbury $217,500
4. 7 Elder Close, Meadow Heights $245,000
5. 4 Bellfield Court, Wyndham Vale $257,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 681 Queensberry Street, North Melbourne $790,000
2. 3/20 Rockley Road, South Yarra $780,000
3. 24 Mary Street, Carlton North $670,000
4. 49 Mercil Road, Alphington $645,000
5. 4/47 Mary Street, Richmond $642,000
TOP 5 BARGAIN APARTMENTS
1. 10/6 Newman Avenue, Carnegie $191,000
2. 2/41 Napier Street, Fitzroy $199,500
3. 3/33 Newcastle Street, Newport $212,000
4. 6/133 Clarke Street, Northcote $215,000
5. 17/789 Malvern Road, Toorak $225,000
If interested in learning more about this update please contact me today!
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