Hodges Real Estate Open for Inspections from Thursday 26 August to Wednesday 1 September 2010
Hodges Real Estate Open for Inspections for the week Thursday 26 August to Wednesday 1 September 2010
www.hodges.com.au/openinspections.html
PRINTABLE LIST: Hodges OFIs PDF
Weekly Auction & Sales Results, Market Overview Saturday 21st & Sunday 22nd August 2010
In comparison to the last few weekends, and the next few, there was a low number of auctions this weekend due to the Federal Election. This however has not had any negative impact on demand with a clearance rate of 75 per cent being recorded.
There were 300 auctions reported this weekend of which 225 sold and 75 were passed in, 43 of those on a vendors bid.
This weekend last year saw 468 auctions and a clearance rate of 82 per cent.
The REIV expects around 740 auctions next weekend.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 300
Last weekend: 587
This time last year: 468
S Sold at Auction: 188
SB Sold before Auction: 34
SA Sold after Auction: 3
Passed in: 75
Passed in on vendor’s bid: 43
Clearance rate: 75%
Postponed: 0
Withdrawn: 1
Auctions with no result: 47
PS Private Sales: 550
Total Volume (Auctions): $166.91mil
Total Volume (Private Sales): $260.01mil
Total Auctions Houses: 207
Clearance Rate: 76%
Median Price: $661,100
Total Value: $125,767,700
Total Auctions Flats/Apartments: 84
Clearance Rate: 70%
Median Price: $512,000
Total Value: $32,893,000
Total Auctions Vacant Land: 9
Clearance Rate: 89%
Median Price: $747,500
Total Value: $8,245,000
House Sales in Detail
TOP 5 HOUSES
1. 31 Finch Street, Malvern East $3,360,000
2. 111-119 Fitzroy Street, Fitzroy $3,200,000
3. 149 Wattletree Road, Malvern $2,180,000
4. 32 Whyte Street, Brighton $1,720,000
5. 12 Tribe Street, South Melbourne $1,527,500
TOP 5 BARGAIN HOUSES
1. 14 Banksia Court, Newcomb $211,000
2. 4 Richmond Crescent, Werribee $235,000
3. 15 Nimmo Crescent, Kurunjang $275,000
4. 1/58 Heatherhill Road, Frankston $287,000
5. 183 Widford Street, Broadmeadows $340,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 1/9 Sutherland Road, Armadale $1,535,000
2. 71 Spring Street East, Port Melbourne $1,505,000
3. 1/22 Thompson Street, Ormond $959,000
4. 1/4 Bonnyview Street, Glen Iris $890,000
5. 6/23 South Road, Brighton $843,000
TOP 5 BARGAIN APARTMENTS
1. 3/29 Clarendon Parade, West Footscray $259,000
2. 5/199 Punt Road, Richmond $280,000
3. 2/556 Moreland Road, Brunswick West $296,000
4. 2/14-16 Calendula Circuit, Epping $302,500
5. 12/247 Heidelberg Road, Northcote $310,000
Hodges Real Estate Open for Inspections from Thursday 19 August to Wednesday 25 August 2010
Hodges Real Estate Open for Inspections for the week Thursday 19 August to Wednesday 25 August 2010
www.hodges.com.au/openinspections.html
PRINTABLE LIST: Hodges OFIs PDF
Weekly Auction & Sales Results, Market Overview Saturday 14th & Sunday 15th August 2010
The clearance rate for this weekends auctions was 68 per cent, a small increase from last weekend but largely in line with results this winter. Since the start of winter the clearance rate has been 70 per cent or higher twice, a remarkable contrast to summer and autumn when it was never lower than 73 per cent and frequently in the 80’s.
There was a total of 535 auctions reported this weekend of which 364 sold and 171 were passed in, of those 94 were passed in on a vendors bid.
This weekend last year saw 504 auctions held and a clearance rate of
85 per cent; interestingly this weekend is almost a repeat of 2008 when there was 465 auctions and a clearance rate of 65 per cent.
Auction listings drop next weekend to just over 300 due to the Federal Election.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 535
Last Weekend: 533
This time last year: 504
S Sold at Auction: 313
SB Sold before Auction: 48
SA Sold after Auction: 3
Passed in: 171
Passed in on vendor’s bid: 97
Clearance rate: 68%
Postponed: 2
Withdrawn: 3
Auctions with no result: 69
PS Private Sales: 543
Total Volume (Auctions): $257.94mil
Total Volume (Private Sales): $254.74mil
Total Auctions Houses: 351
Clearance Rate: 69%
Median Price: $720,000
Total Value: $185,808,600
Total Auctions Flats/Apartments: 172
Clearance Rate: 67%
Median Price: $511,000
Total Value: $65,743,000
Total Auctions Vacant Land: 11
Clearance Rate: 64%
Median Price: $460,000
Total Value: $4,376,000
House Sales in Detail
TOP 5 HOUSES
1. 5 Callantina Road, Hawthorn $3,330,000
2. 12 Springfield Avenue, Toorak $2,485,000
3. 8 Pine Grove, Malvern $2,155,000
4. 19 Chatfield Avenue, Balwyn $2,100,000
5. 1447 Burke Road, Kew East $1,902,000
TOP 5 BARGAIN HOUSES
1. 104 Melbourne Road, Norlane $247,000
2. 4 Armoy Close, Cranbourne $271,000
3. 26 Norval Crest, Coolaroo $291,000
4. 18 Irvine Street, Deer Park $300,000
5. 20 Irvine Street, Deer Park $300,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 72/1 Albert Road, Melbourne $1,500,000
2. 97 Mitford Street, Elwood $1,425,000
3. 4A Clarendon Street, Armadale $1,325,000
4. 3/72 Glyndon Road, Camberwell $1,200,000
5. 14 Edina Close, Port Melbourne $1,200,000
TOP 5 BARGAIN APARTMENTS
1. 33/115-119 Kororoit Creek Road, Williamstown $250,000
2. 1/245 Hotham Street, Ripponlea $322,500
3. 9/14 Eldridge Street, Footscray $326,000
4. 23 Loxton Terrace, Epping $337,000
5. 1/33 Gordon Street, Footscray $340,000
Hodges Real Estate Open for Inspections from Thursday 12 August to Wednesday 18 August 2010
Hodges Real Estate Open for Inspections for the week Thursday 12 August to Wednesday 18 August 2010
www.hodges.com.au/openinspections.html
PRINTABLE LIST: Hodges OFIs PDF
Weekly Auction & Sales Results, Market Overview Sunday August 8th 2010
This weekend has seen clearance rates remain in line with the performance of the market throughout July suggesting that little will change until after the Federal Election when stock levels will increase. Unless buyer activity increases buyers will be presented with conditions that are more favourable than they have been over the past few months.
The clearance rate this weekend is 67 percent, from a total of 496 reported auctions.
There was a total of 331 homes sold and 165 passed in, 106 of those on a vendors bid.
This weekend last year saw 424 auctions and a clearance rate of 85 per cent achieved.
The REIV expects around 580 auctions next weekend and then a drop to 320 on the weekend of the Federal Election.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 496
Last Weekend: 597
This time last year: 424
S Sold at Auction: 273
SB Sold before Auction: 57
SA Sold after Auction: 1
Passed in: 165
Passed in on vendor’s bid: 106
Clearance rate: 67%
Postponed: 2
Withdrawn: 3
Auctions with no result: 51
PS Private Sales: 534
Total Volume (Auctions): $231.25mil
Total Volume (Private Sales): $243.82mil
Total Auctions Houses: 311
Clearance Rate: 65%
Median Price: $700,000
Total Value: $160,093,820
Total Auctions Flats/Apartments: 175
Clearance Rate: 70%
Median Price: $529,750
Total Value: $67,923,500
Total Auctions Vacant Land: 10
Clearance Rate: 80%
Median Price: $388,500
Total Value: $3,233,000
House Sales in Detail
TOP 5 HOUSES
1. 9 Glendenning Rise, Templestowe $2,120,000
2. 12 Erindale Avenue, Elsternwick $1,950,000
3. 46 Winmalee Road, Balwyn $1,860,000
4. 10 Tovell Street, Brighton $1,850,000
5. 6-8 The Boulevard, Malvern East $1,530,000
TOP 5 BARGAIN HOUSES
1. 20 Cobham Court, Corio $240,000
2. 44 Seventh Avenue, Rosebud $335,000
3. 29 Pommel Crescent, Epping $335,000
4. 64 Almurta Avenue, Coolaroo $337,000
5. 19 Bright Avenue, Epping $360,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 6/6 Stanley Street, Brighton $1,460,000
2. 46 Fletcher Street, Essendon $1,430,000
3. 14 Holzer Street, Sandringham $1,090,000
4. 38A St Andrews Street, Brighton $1,065,000
5. 27 Khartoum Street, Caulfield North $1,055,000
TOP 5 BARGAIN APARTMENTS
1. 6/95 Summerhill Road, Footscray $240,000
2. 22/709 Barkly Street, West Footscray $242,000
3. 4/26 Beaumont Parade, West Footscray $281,000
4. 2/7 Waltham Street, Flemington $285,000
5. 2/4 Edward Street, Seddon $297,000
Hodges Real Estate Open for Inspections from Thursday 5 August to Wednesday 11 August 2010
Hodges Real Estate Open for Inspections for the week Thursday 5 August to Wednesday 11 August 2010
www.hodges.com.au/openinspections.html
PRINTABLE LIST: Hodges OFIs PDF
Weekly Auction & Sales Results, Market Overview Saturday July 31st 2010
Demand improved at this weekends residential auctions with a clearance rate of 70 per cent recorded, an increase from last weeks 66 per cent.
This result will provide encouragement and confidence to vendors with homes listed for auction between now and the federal election. An interest rate increase next week would reduce that confidence.
There was a total of 561 auctions reported this weekend, of which a total of 393 sold and 168 were passed in, 109 of those on a vendors bid.
This weekend last year saw 374 auctions, well under this weekend and a clearance rate of 87 per cent.
Next weekend the REIV expects 520 auctions.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 561
Last Weekend: 599
This time last year: 374
S Sold at Auction: 320
SB Sold before Auction: 72
SA Sold after Auction: 1
Passed in: 168
Passed in on vendor’s bid: 109
Clearance rate: 70%
Postponed: 2
Withdrawn: 1
Auctions with no result: 50
PS Private Sales: 621
Total Volume (Auctions): $272.97mil
Total Volume (Private Sales): $322.53mil
Total Auctions Houses: 366
Clearance Rate: 71%
Median Price: $675,000
Total Value: $199,455,100
Total Auctions Flats/Apartments: 176
Clearance Rate: 70%
Median Price: $543,000
Total Value: $68,164,538
Total Auctions Vacant Land: 19
Clearance Rate: 42%
Median Price: $398,000
Total Value: $5,354,000
House Sales in Detail
TOP 5 HOUSES
1. 58 Washington Street, Toorak $3,350,000
2. 42 Bayles Street, Parkville $1,701,000
3. 114 Maltravers Road, Eaglemont $1,700,000
4. 14 Green Street, Windsor $1,652,000
5. 27 Boorool Road, Kew East $1,582,000
TOP 5 BARGAIN HOUSES
1. 4 Burke Road, Sunbury $190,000
2. 21 Fugosia Street, Doveton $300,000
3. 21 Talgarno Street, Broadmeadows $320,000
4. 96 Ashenden Square, Rosebud $321,000
5. 12 Radiata Court, Mill Park $325,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 1/29 Lewisham Road, Windsor $1,265,000
2. 609/108 Bay Street, Port Melbourne $1,200,000
3. 10 Butler Street, Camberwell $1,072,000
4. 43 Myrtle Street, South Yarra $982,500
5. 35/85 Rouse Street, Port Melbourne $970,000
TOP 5 BARGAIN APARTMENTS
1. 1/88-94 Franklin Street, Melbourne $260,000
2. 1/160 Bayswater Road, Croydon South $290,000
3. 2/139 Melrose Drive, Tullamarine $292,500
4. 3/42 Middle Road, Maribyrnong $295,000
5. 6/4-6 Burnewang Street, Albion $298,000
Hodges Real Estate Open for Inspections from Thursday 29 July to Wednesday 4 August 2010
Hodges Real Estate Open for Inspections for the week Thursday 29 July to Wednesday 4 August 2010
www.hodges.com.au/openinspections.html
PRINTABLE LIST: Hodges OFIs PDF
Weekly Auction & Sales Results, Market Overview Sunday July 25th 2010
The clearance rate from this weekend’s 560 auctions was 67 per cent, a result that is remarkably consistent with the past few weeks indicating that the market has settled at a new level this winter.
Buyers continue to have the upper hand; homes selling at auction are not exceeding vendors’ reserves in the same way that they were before Anzac Day.
There were a total of 560 auctions reported this weekend with 375 selling and 185 being passed in, 123 of those on a vendors bid.
This weekend last year saw a total of 382 auctions held and clearance rate of 86 per cent achieved, higher than this year but with fewer auctions.
The next 3 weekends have around 550 auctions each weekend with a drop the following weekend, to around 130 at this moment, due to the Federal election.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 560
Last Weekend: 573
This time last year: 382
S Sold at Auction: 318
SB Sold before Auction: 57
SA Sold after Auction: 0
Passed in: 185
Passed in on vendor’s bid: 123
Clearance rate: 67%
Postponed: 6
Withdrawn: 3
Auctions with no result: 53
PS Private Sales: 524
Total Volume (Auctions): $263.26mil
Total Volume (Private Sales): $239.78mil
Total Auctions Houses: 344
Clearance Rate: 67%
Median Price: $716,000
Total Value: $178,108,800
Total Auctions Flats/Apartments: 205
Clearance Rate: 67%
Median Price: $528,250
Total Value: $79,659,588
Total Auctions Vacant Land: 11
Clearance Rate: 73%
Median Price: $452,500
Total Value: $5,490,000
House Sales in Detail
TOP 5 HOUSES
1. 23 Murphy Street, Brighton $3,350,000
2. 49 Outlook Drive, Eaglemont $2,625,000
3. 59-63 Seacombe Street, Fitzroy North $2,000,000
4. 21 Violet Grove, Kew East $1,788,000
5. 4 Jacka Street, Essendon $1,731,000
TOP 5 BARGAIN HOUSES
1. 9/8-12 Granholm Grove, Melton West $220,000
2. 32 Jenkens Street, Frankston North $227,500
3. 24 Kinloch Road, Melton $290,000
4. 15 Reading Close, Roxburgh Park $311,000
5. 13 Bindi Street, Glenroy $313,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 16 Collins Street, Brighton $1,450,000
2. 18 Collins Street, Brighton $1,200,000
3. 4/25 Crimea Street, St Kilda $1,085,000
4. 1/17 Albion Street, Surrey Hills $1,055,000
5. 51A Fraser Street, Richmond $1,040,000
TOP 5 BARGAIN APARTMENTS
1. 2/7 Empire Street, Footscray $275,000
2. 2/10-12 Lennon Street, Parkville $287,000
3. 11/113 Eskdale Road, Caulfield North $288,000
4. 1/24 Forrest Street, Albion $303,000
5. 22/87 Alma Road, St Kilda East $307,000
Hodges Real Estate Open for Inspections from Thursday 22 July to Wednesday 28 July 2010
Hodges Real Estate Open for Inspections for the week Thursday 22 July to Wednesday 28 July 2010
www.hodges.com.au/openinspections.html
PRINTABLE LIST: Hodges OFIs PDF
Weekly Auction & Sales Results, Market Overview Sunday July 18th 2010
The performance of the residential auction market improved marginally this weekend with a clearance rate of 72 per cent compared to last weekends 67 per cent.
There were a total of 525 auction results reported of which 379 were sold, 146 were passed in with 91 of those being passed in on a vendors bid.
This weekends result will be welcomed by vendors with homes listed for auction in the next few weeks as it shows that demand is still healthy and buyers still very active.
This weekend last year featured substantially fewer auctions with 293 auctions held and a clearance rate of 85 per cent recorded.
Listings remain high with 1200 homes to be offered at auction in the next fortnight.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 525
Last Weekend: 578
This time last year: 360
S Sold at Auction: 325
SB Sold before Auction: 53
SA Sold after Auction: 1
Passed in: 146
Passed in on vendor’s bid: 91
Clearance rate: 72%
Postponed: 2
Withdrawn: 3
Auctions with no result: 60
PS Private Sales: 567
Total Volume (Auctions): $256.13mil
Total Volume (Private Sales): $262.21mil
Total Auctions Houses: 334
Clearance Rate: 73%
Median Price: $707,500
Total Value: $179,073,400
Total Auctions Flats/Apartments: 180
Clearance Rate: 72%
Median Price: $515,125
Total Value: $75,124,250
Total Auctions Vacant Land: 10
Clearance Rate: 60%
Median Price: $293,250
Total Value: $1,936,500
House Sales in Detail
TOP 5 HOUSES
1. 11-13 Peel Street, Kew $1,719,000
2. 152 Wantirna Road, Ringwood $1,570,000
3. 3 Davies Street, Malvern East $1,530,000
4. 65-67 Charles Street, Prahran $1,490,000
5. 286 Hawthorn Road, Caulfield $1,405,000
TOP 5 BARGAIN HOUSES
1. 40 Talliver Terrace, Truganina $346,000
2. 291 Childs Road, Mill Park $352,000
3. 111 Broadgully Road, Diamond Creek $360,000
4. 44 Grand Parade, Epping $362,000
5. 108 Albert Street, Geelong West $365,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 18 Sefton Place, Camberwell $1,705,000
2. 53 Ormond Esplanade, Elwood $1,575,000
3. 231B Richardson Street, Middle Park $1,550,000
4. 7A Nightingale Street, Balaclava $1,200,000
5. 2/7 Newington Parade, Chelsea $972,500
TOP 5 BARGAIN APARTMENTS
1. 2/24 Henry Street, Melton $240,000
2. 1/16 Kokaribb Road, Carnegie $250,000
3. 1/560 Pascoe Vale Road, Pascoe Vale $286,000
4. 5/44 Munro Street, Coburg $290,000
5. 28 Marsden Court, Mill Park $303,000
Hodges Real Estate Open for Inspections from Thursday 15 July to Wednesday 21 July 2010
Hodges Real Estate Open for Inspections for the week Thursday 15 July to Wednesday 21 July 2010
www.hodges.com.au/openinspections.html
PRINTABLE LIST: Hodges OFIs PDF
Weekly Auction & Sales Results, Market Overview Sunday July 11th 2010
There were 528 auctions reported this weekend with a total of 361 selling and 167 being passed in, 96 of those on a vendors bid. The clearance rate from this weekend’s auctions is 68 per cent. This weekend last year saw 293 auctions reported and a clearance rate of 85%. Next weekend the REIV expects 590 auctions.
Enzo Raimondo
CEO, REIV
TOTAL AUCTIONS
This week: 528
Last Weekend: 585
This time last year: 293
S Sold at Auction: 296
SB Sold before Auction: 65
SA Sold after Auction: 0
Passed in: 167
Passed in on vendor’s bid: 96
Clearance rate: 68%
Postponed: 6
Withdrawn: 1
Auctions with no result: 67
PS Private Sales: 578
Total Volume (Auctions): $230.62mil
Total Volume (Private Sales): $278.93mil
Total Auctions Houses: 304
Clearance Rate: 68%
Median Price: $642,500
Total Value: $150,328,000
Total Auctions Flats/Apartments: 209
Clearance Rate: 69%
Median Price: $492,000
Total Value: $76,660,750
Total Auctions Vacant Land: 14
Clearance Rate: 71%
Median Price: $265,000
Total Value: $3,456,500
House Sales in Detail
TOP 5 HOUSES
1. 24 Mcgregor Street, Middle Park $2,930,000
2. 29 Tennyson Street, Sandringham $2,375,000
3. 41 Woolley Street, Essendon $1,820,000
4. 82 The Esplanade Esplanade, Williamstown $1,750,000
5. 184A Beach Road, Mordialloc $1,580,000
TOP 5 BARGAIN HOUSES
1. 57 Hothlyn Drive, Craigieburn $321,000
2. 13 Tulloch Street, Deer Park $324,500
3. 36 Tallintyre Road, Sunshine West $330,000
4. 51 Rokeby Crescent, Craigieburn $336,000
5. 32 Salmond Street, Deer Park $350,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 501/127 Beach Street, Port Melbourne $1,825,000
2. 50 Robert Street, Balwyn North $956,000
3. 4 Welwyn Avenue, Brighton East $952,500
4. 1/68 Marlborough Street, Bentleigh East $880,000
5. 338B Hampton Street, Hampton $880,000
TOP 5 BARGAIN APARTMENTS
1. 31/117-121 Bouverie Street, Carlton $165,000
2. 7/3 Drummartin Street, Sunshine $237,500
3. 2/12 Mccoll Court, Brunswick West $240,000
4. 10/35 Hampton Parade, West Footscray $253,500
5. 2/5 Mt Pleasant Road, Belmont $260,000
Hodges Real Estate Open for Inspections from Thursday 8 July to Wednesday 14 July 2010
Hodges Real Estate Open for Inspections for the week Thursday 8 July to Wednesday 14 July 2010
www.hodges.com.au/openinspections.html
Weekly Auction & Sales Results, Market Overview Sunday July 4th 2010
There were 539 auctions reported this weekend with a total of 355 selling and 174 being passed in, 95 of those on a vendors bid. The clearance rate from today’s auctions is 67 per cent. This weekend last year saw 292 auctions reported and a clearance rate of 82 per cent. Next weekend the REIV expects 550 auctions.
Enzo Raimondo
CEO REIV
——————————————————————————–
TOTAL AUCTIONS
This week: 539
Last Weekend: 877
This time last year: 292
S Sold at Auction: 292
SB Sold before Auction: 63
SA Sold after Auction: 0
Passed in: 184
Passed in on vendor’s bid: 101
Clearance rate: 66%
Postponed: 1
Withdrawn: 3
Auctions with no result: 50
PS Private Sales: 616
Total Volume (Auctions): $226.85mil
Total Volume (Private Sales): $290.19mil
Total Auctions Houses: 313
Clearance Rate: 65%
Median Price: $640,250
Total Value: $142,949,750
Total Auctions Flats/Apartments: 208
Clearance Rate: 66%
Median Price: $516,000
Total Value: $74,147,700
Total Auctions Vacant Land: 18
Clearance Rate: 67%
Median Price: $391,000
Total Value: $9,753,000
House Sales in Detail
TOP 5 HOUSES
1. 1 Townsend Street, Glen Waverley $2,180,000
2. 66 Well Street, Brighton $1,960,000
3. 20A Ann Street, Prahran $1,430,000
4. 17 Durrant Street, Brighton $1,430,000
5. 53 Empress Road, Surrey Hills $1,395,000
TOP 5 BARGAIN HOUSES
1. 6 Teeda Court, Melton South $252,000
2. 28 Ashleigh Crescent, Meadow Heights $280,000
3. 22 Maywood Drive, Epping $317,500
4. 510 Waterfall Gully Road, Rosebud $320,000
5. 36 Maitland Street, Geelong West $322,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 3A Hamilton Street, Brighton $1,370,000
2. 4A Egerton Road, Armadale $1,313,000
3. 801/19 Queens Road, Melbourne $1,210,000
4. 895A Hampton Street, Brighton $1,175,000
5. 3/38 Kintore Crescent, Box Hill $945,000
TOP 5 BARGAIN APARTMENTS
1. 42/92 Grey Street, St Kilda $240,000
2. 9/33 Grey Street, St Kilda $242,000
3. 72/61 James Street, Dandenong $270,000
4. 13B Linlithgow Court, Narre Warren $270,000
5. 8/42 Gillies Street, Fairfield $275,000
Hodges Real Estate Open for Inspections from Thursday 1 July to Wednesday 7 July 2010
Hodges Real Estate Open for Inspections for the week Thursday 1 July to Wednesday 7 July 2010
www.hodges.com.au/openinspections.html
Weekly Auction & Sales Results, Market Overview Sunday June 27th 2010
The clearance rate from this weekend’s 827 auctions is 65 per cent, a result that clearly shows the impact of high stock levels throughout June.
The outlook for July reveals a lower number of homes offered for auction, around 550-600 per weekend and less opportunities for buyers.
This weekend last year saw 451 auctions and clearance rate of 87 per cent.
There have been 827 auctions this weekend with a total of 540 selling and 287 passed in, 178 of those on a vendors bid.
The REIV expects 590 auctions next weekend.
Enzo Raimondo
CEO REIV
——————————————————————————–
TOTAL AUCTIONS
This week: 827
Last Weekend: 1012
This time last year: 451
S Sold at Auction: 439
SB Sold before Auction: 99
SA Sold after Auction: 2
Passed in: 287
Passed in on vendor’s bid: 178
Clearance rate: 65%
Postponed: 2
Withdrawn: 5
Auctions with no result: 75
PS Private Sales: 576
Total Volume (Auctions): $388.89mil
Total Volume (Private Sales): $278.49mil
Total Auctions Houses: 540
Clearance Rate: 64%
Median Price: $715,000
Total Value: $273,505,088
Total Auctions Flats/Apartments: 276
Clearance Rate: 68%
Median Price: $515,000
Total Value: $109,576,130
Total Auctions Vacant Land: 11
Clearance Rate: 73%
Median Price: $571,250
Total Value: $5,811,000
House Sales in Detail
TOP 5 HOUSES
1. 8 Alfred Street, Kew $2,975,000
2. 53 Linda Crescent, Hawthorn $2,810,000
3. 1 Terama Court, Glen Waverley $2,200,000
4. 48 Stuart Street, Armadale $1,900,000
5. 15 Parnell Street, Elsternwick $1,810,000
TOP 5 BARGAIN HOUSES
1. 9 Derby Road, Herne Hill $254,000
2. 60 Ardsley Circuit, Craigieburn $260,500
3. 457 Barry Road, Dallas $285,000
4. 1/89 Bindi Street, Glenroy $305,000
5. 187 Seventh Avenue, Rosebud $307,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 1/33 St Georges Road, Toorak $1,710,000
2. 2/36 Avoca Street, South Yarra $1,460,000
3. 1/329 Glenferrie Road, Malvern $1,415,000
4. 31A Hunter Street, Richmond $1,250,000
5. 34 Pacific Boulevard, Beaumaris $965,000
TOP 5 BARGAIN APARTMENTS
1. 10/73 Kingsville Street, Kingsville $253,000
2. 2/16 Percy Street, St Albans $255,000
3. 10/745 Barkly Street, Footscray West $268,000
4. 97/131 Lonsdale Street, Melbourne $280,000
5. 5/59 The Esplanade , Maribyrnong $285,000
Hodges Real Estate Open for Inspections from Thursday 24 June to Wednesday 30 June 2010
Hodges Real Estate Open for Inspections for the week Thursday 24 June to Wednesday 30 June 2010
www.hodges.com.au/openinspections.html
Weekly Auction & Sales Results, Market Overview Sunday June 20th 2010
Compared with previous years there has been a record number of auctions this weekend, providing buyers with a good opportunities.
These conditions are expected to continue for the next few weeks.
Due to the record number of auctions the clearance rate was lower than was the case in previous weeks with 68 per cent of all homes auctioned selling.
There were 942 results reported this weekend with 638 homes selling and 304 being passed in, 199 of those on a vendors bid.
This weekend last year saw 540 auctions and a clearance rate of 86 per cent.
The REIV expects around 880 auctions next weekend.
Enzo Raimondo
CEO REIV
TOTAL AUCTIONS
This week: 942
Last weekend: 323
This weekend last year: 520
S Sold at Auction: 539
SB Sold before Auction: 98
SA Sold after Auction: 1
Passed in: 304
Passed in on vendor’s bid: 199
Clearance rate: 68%
TOTAL AUCTIONS
This week: 942
Yesterday: 49
Last Sunday: 11
This weekend last month: 887
This weekend last year: 540
CLEARANCE RATES:
Weekend: 68%
Yesterday: 82%
Last Sunday: 73%
This weekend last month: 76%
This weekend last year: 86%
Postponed: 5
Withdrawn: 4
Auctions with no result: 93
PS Private Sales: 449
Total Volume (Auctions): $494.36mil
Total Volume (Private Sales): $217.52mil
Total Auctions Houses: 583
Clearance Rate: 67%
Median Price: $745,500
Total Value: $346,689,150
Total Auctions Flats/Apartments: 322
Clearance Rate: 66%
Median Price: $520,000
Total Value: $123,036,500
Total Auctions Vacant Land: 37
Clearance Rate: 92%
Median Price: $647,500
Total Value: $24,631,500
House Sales in Detail
TOP 5 HOUSES
1. 4 Summit Drive, Eaglemont $4,105,000
2. 80 Lumeah Road, Caulfield North $3,710,000
3. 31-33 Crisp Street, Hampton $2,860,000
4. 17 Heather Grove, Kew $2,125,000
5. 7 Burns Street, Elwood $1,850,000
TOP 5 BARGAIN HOUSES
1. 44 Charles Street, Newcomb $229,500
2. 6 Risson Street, Melton South $260,000
3. 20 Ronald Street, Tootgarook $308,000
4. 18 Woodfull Way, Epping $315,000
5. 5 Whitley Crescent, Craigieburn $340,000
Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 2/9 Shipley Street, South Yarra $2,195,000
2. 261/55 Victoria Harbour Promenade, Docklands $2,050,000
3. 4 Baird Street, Brighton East $1,860,000
4. 1/30 St Andrews Place, East Melbourne $1,700,000
5. 16 Van Ness Avenue, Glen Iris $1,580,000
TOP 5 BARGAIN APARTMENTS
1. 3/27 Isabella Street, Geelong West $191,000
2. 43/35 David Street, Dandenong $260,000
3. 12/123 Victoria Street, Brunswick East $280,000
4. 5/20 Trenoweth Street, Brunswick West $295,000
5. 4/40 Clarendon Street, Thornbury $296,500