While the auction market continues to deliver very consistent sales results the activity in the market has clearly shifted to private sales this year with the REIV recording more homes sold privately than the comparable time last year.
This is also resulting in strong demand for the homes sold at auction as evidenced by this weekend’s clearance rate of 75 per cent.
There were 339 auctions reported with 254 selling and 85 being passed in – 58 of those on a vendors bid.
Scheduled auction numbers increase for the next two weekends, hitting a peak for the year-to-date of just over 600 before Easter.
TOTAL AUCTIONS
This week: 339
Last weekend: 407
This time last year: 56
Last weekend: 407
This time last year: 56
S Sold at Auction: 196
SB Sold before Auction: 53
SA Sold after Auction: 5
SB Sold before Auction: 53
SA Sold after Auction: 5
Passed in: 85
Passed in on vendor’s bid: 58
Passed in on vendor’s bid: 58
Clearance rate: 75%
Postponed: 1
Withdrawn: 1
Auctions with no result: 25
PS Private Sales: 828
Total Volume (Auctions): $154.54mil
Total Volume (Private Sales): $316.28mil
Total Volume (Private Sales): $316.28mil
Total Auctions Houses: 245
Clearance Rate: 73%
Median Price: $600,000
Clearance Rate: 73%
Median Price: $600,000
Total Auctions Flats/Apartments: 79
Clearance Rate: 85%
Median Price: $510,500
Clearance Rate: 85%
Median Price: $510,500
Total Auctions Vacant Land: 15
Clearance Rate: 47%
Median Price: $410,000
Clearance Rate: 47%
Median Price: $410,000
House Sales in Detail
TOP 5 HOUSES
1. 321 Richardson Street, Middle Park $1,880,000
2. 74 Highfield Road, Canterbury $1,501,000
3. 16 Cantala Avenue, Caulfield North $1,227,500
4. 117 Drummond Street, Carlton $1,223,000
5. 1 Harris Avenue, Glen Iris $1,190,000
1. 321 Richardson Street, Middle Park $1,880,000
2. 74 Highfield Road, Canterbury $1,501,000
3. 16 Cantala Avenue, Caulfield North $1,227,500
4. 117 Drummond Street, Carlton $1,223,000
5. 1 Harris Avenue, Glen Iris $1,190,000
TOP 5 BARGAIN HOUSES
1. 20 Maryland Drive, Corio $140,000
2. 9 Old Don Road, Healesville $208,000
3. 21 Warne Street, Coolaroo $216,000
4. 37 Breakwater Road, East Geelong $225,000
5. 12 Kingswood Drive, Craigieburn $229,000
1. 20 Maryland Drive, Corio $140,000
2. 9 Old Don Road, Healesville $208,000
3. 21 Warne Street, Coolaroo $216,000
4. 37 Breakwater Road, East Geelong $225,000
5. 12 Kingswood Drive, Craigieburn $229,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 13 Walker Street, Brunswick West $1,736,000
2. 90 Alma Street, Malvern East $877,000
3. 18 Staughton Road, Glen Iris $785,000
4. 2/10 Hatfield Street, Balwyn North $780,000
5. 33 Lilly Street, Clifton Hill $735,000
1. 13 Walker Street, Brunswick West $1,736,000
2. 90 Alma Street, Malvern East $877,000
3. 18 Staughton Road, Glen Iris $785,000
4. 2/10 Hatfield Street, Balwyn North $780,000
5. 33 Lilly Street, Clifton Hill $735,000
TOP 5 BARGAIN APARTMENTS
1. 3/100 Rupert Street, Footscray West $220,000
2. 8/99 Neerim Road, Glenhuntly $227,000
3. 8/102 Moreland Road, Brunswick $238,000
4. 2/56 Milan Street, Mentone $250,000
5. 4/242 Melrose Drive, Tullamarine $273,500
1. 3/100 Rupert Street, Footscray West $220,000
2. 8/99 Neerim Road, Glenhuntly $227,000
3. 8/102 Moreland Road, Brunswick $238,000
4. 2/56 Milan Street, Mentone $250,000
5. 4/242 Melrose Drive, Tullamarine $273,500
If interested in learning more about this update please contact me today!
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