Sunday 31 May 2009
Melbourne’s residential real estate market is going from strength to strength at the moment with the clearance rate reaching a very healthy 82 per cent today and 907 reports of private sales being received.
There were 667 auctions reported today of which 546 were sold and 121 passed in, 61 of those on a vendors bid.
Next weekend is a long one and has resulted in there being only 157 homes listed for auction.
TOTAL AUCTIONS
This week: 667
Last weekend: 475
This time last year: 659
S Sold at Auction: 426
SB Sold before Auction: 116
SA Sold after Auction: 4
Passed in: 121
Passed in on vendor’s bid: 61
Clearance rate: 82%
Postponed: 1
Withdrawn: 2
Auctions with no result: 43
Withdrawn: 2
Auctions with no result: 43
PS Private Sales: 907
Total Volume (Auctions): $325.89mil
Total Volume (Private Sales): $380.75mil
Total Volume (Private Sales): $380.75mil
Total Auctions Houses: 394
Clearance Rate: 80%
Median Price: $562,000
Clearance Rate: 80%
Median Price: $562,000
Total Auctions Flats/Apartments: 253
Clearance Rate: 84%
Median Price: $448,750
Clearance Rate: 84%
Median Price: $448,750
Total Auctions Vacant Land: 20
Clearance Rate: 85%
Median Price: $267,500
Clearance Rate: 85%
Median Price: $267,500
House Sales in Detail
TOP 5 HOUSES
1. 61-63 Alfred Street, Kew $4,850,000
2. 4 Manor Street, Brighton $4,020,000
3. 261 Beach Road, Black Rock $2,025,000
4. 3 Lydia Court, Balwyn $1,995,000
5. 50 Anderson Road, Hawthorn East $1,950,000
1. 61-63 Alfred Street, Kew $4,850,000
2. 4 Manor Street, Brighton $4,020,000
3. 261 Beach Road, Black Rock $2,025,000
4. 3 Lydia Court, Balwyn $1,995,000
5. 50 Anderson Road, Hawthorn East $1,950,000
TOP 5 BARGAIN HOUSES
1. 5 Kiata Court, Coolaroo $216,000
2. 46 Shoring Road, Diggers Rest $220,000
3. 22 Fraser Street, Herne Hill $220,000
4. 19 Wentworth Avenue, Wyndham Vale $223,000
5. Lot 637 Kinglake Crescent, Craigieburn $246,000
1. 5 Kiata Court, Coolaroo $216,000
2. 46 Shoring Road, Diggers Rest $220,000
3. 22 Fraser Street, Herne Hill $220,000
4. 19 Wentworth Avenue, Wyndham Vale $223,000
5. Lot 637 Kinglake Crescent, Craigieburn $246,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 6/89 Mathoura Road, Toorak $1,950,000
2. 86 Fitzwilliam Street, Kew $1,210,000
3. 83 St Andrews Street, Brighton $946,000
4. 1/156 Beaconsfield Parade, Albert Park $905,000
5. 54 Esplanade West , Port Melbourne $887,000
1. 6/89 Mathoura Road, Toorak $1,950,000
2. 86 Fitzwilliam Street, Kew $1,210,000
3. 83 St Andrews Street, Brighton $946,000
4. 1/156 Beaconsfield Parade, Albert Park $905,000
5. 54 Esplanade West , Port Melbourne $887,000
TOP 5 BARGAIN APARTMENTS
1. 7/19 Bendigo Street, Collingwood $217,500
2. 2/20 Moore Street, Footscray $221,500
3. 1/7 Benalla Street, Dallas $222,500
4. 8/2 Knight Crescent, Roxburgh Park $242,000
5. 5/115 Dawson Street, Brunswick $245,000
1. 7/19 Bendigo Street, Collingwood $217,500
2. 2/20 Moore Street, Footscray $221,500
3. 1/7 Benalla Street, Dallas $222,500
4. 8/2 Knight Crescent, Roxburgh Park $242,000
5. 5/115 Dawson Street, Brunswick $245,000
If interested in learning more about this update please contact me today!
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