Saturday 27 February 2010
As the number of homes on offer at auction has increased each weekend this month the clearance rate has not varied to a great extent.
Today’s result removes any lingering doubts about the depth of demand in 2010. Buyers are very confident at the moment and find they have to compete to get the home that they want, which is leading to higher prices than expected and high clearance rates.
The clearance rate today was 86 per cent from 886 reported auctions.
There were 759 homes sold and 127 passed in, 69 of those passed in on a vendor’s bid.
Auction numbers reduce next weekend due to the Labour Day holiday, to around 250 and then they increase the following weekend to around 730.
Enzo Raimondo
CEO REIV
Last weekend: 692
This time last year: 566
S Sold at Auction: 600
SB Sold before Auction: 157
SA Sold after Auction: 2
Passed in: 127
Passed in on vendor’s bid: 69
Clearance rate: 86%
Postponed: 2
Withdrawn: 0
Auctions with no result: 99
PS Private Sales: 713
Total Volume (Auctions): $628.34mil
Total Volume (Private Sales): $323.31mil
Total Auctions Houses: 568
Clearance Rate: 85%
Median Price: $798,500
Total Value: $458,139,850
Total Auctions Flats/Apartments: 302
Clearance Rate: 88%
Median Price: $533,750
Total Value: $159,975,851
Total Auctions Vacant Land: 14
Clearance Rate: 79%
Median Price: $316,000
Total Value: $5,299,000
House Sales in Detail
TOP 5 HOUSES
1. 23 Loch Street, St Kilda West $4,100,000
2. 45 Dorrington Avenue, Glen Iris $3,500,000
3. 87 Sackville Street, Kew $3,305,000
4. 2A Rippon Grove, Brighton $3,200,000
5. 1 Collis Street, Brighton East $2,500,000
TOP 5 BARGAIN HOUSES
1. 25 Monash Street, Melton South $240,000
2. 13 Hilltop Street, Herne Hill $245,500
3. 25 Discovery Close, Craigieburn $270,500
4. 8/32 Dwyer Street, Clifton Hill $310,500
5. 2 Jones Court, Sunshine West $311,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3/249 Beaconsfield Parade, Middle Park $2,685,000
2. 17B Clendon Road, Toorak $1,810,000
3. 1E Fulham Avenue, South Yarra $1,600,000
4. 2/404 Toorak Road, Toorak $1,580,000
5. 22A Miami Street, Hawthorn East $1,555,000
TOP 5 BARGAIN APARTMENTS
2. 32/422 Cardigan Street, Carlton $267,000
3. 1/288 St Georges Road, Thornbury $271,000
4. 8/51 Westbury Street, St Kilda East $275,000
5. 10/22 Murrumbeena Road, Murrumbeena $285,500
