Chat with us, powered by LiveChatMelbourne Sales Results 24-25 September 2011

Melbourne Sales Results 24-25 September 2011

The clearance rate this weekend is 53 per cent compared to 55 per cent last weekend. This weekend last year was the first grand final weekend so no clearance rate was issued.

There can be no doubt that ongoing concerns about the health of the global economy are having an impact on the confidence of buyers in the Melbourne auction market. There have been a total of 628 auctions reported of which 335 sold and 293 were passed in, 195 of those on a vendors bid.

Next weekend there are only 50 auctions, less than half of those on Saturday. No clearance rate will be issued.

-----------------------------------------------------------------------

Total Auctions

This week: 628

Last week: 639

This time last year: 65

S= Sold at Auction: 275

SB= Sold before Auction: 58

SA= Sold after Auction: 2

Passed in: 293

Passed in on vendor's bid: 195

Clearance rate: 53%

Postponed: 4

Withdrawn: 6

Auctions with no result: 84

PS Private Sales: 505

Total Volume (Auctions): $232.54mil

Total Volume (Private Sales): $226.67mil

Total Auctions Houses: 395

Clearance Rate: 54%

Median Price: $712,000

Total Value: $170,222,300

Total Auctions Flats/Apartments: 218

Clearance Rate: 54%

Median Price: $487,500

Total Value: $61,016,250

Total Auctions Vacant Land: 13

Clearance Rate: 23%

Median Price: $290,000

Total Value: $1,304,000

Source: www.reiv.com.au