Weekly Auction & Sales Results 22/11/2009

The 2009 residential auction market is in the home stretch, with just four weekends left.

This time represents the best opportunity for buyers to find a home, with just over 3000 properties already scheduled to go under the hammer. Next weekend has a record number of auctions scheduled for 2009.

This weekend, there were 735 auction results reported, with a total 593 selling, resulting in a clearance rate of 81 per cent.

This is in line with the year to date clearance rate of 81 per cent.

Of the 142 homes passed in, 95 were passed in on a vendor bid.

The strong private sale market continued, with 685 homes reported sold this week.

TOTAL AUCTIONS

This week: 735
Last Weekend: 72
This weekend last year: 659

S Sold at Auction: 480
SB Sold before Auction: 112
SA Sold after Auction: 1

Passed in: 142
Passed in on vendor’s bid: 95

Clearance rate: 81%

Postponed: 1
Withdrawn: 2
Auctions with no result: 47

PS Private Sales: 685

Total Volume (Auctions): $445mil
Total Volume (Private Sales): $306.78mil

Total Auctions Houses: 506
Clearance Rate: 79%
Median Price: $712,500

Total Auctions Flats/Apartments: 218
Clearance Rate: 85%
Median Price: $493,000

Total Auctions Vacant Land: 9
Clearance Rate: 67%
Median Price: $582,500

House Sales in Detail
TOP 5 HOUSES
1. 72 Baldrys Road, Main Ridge $3,750,000
2. 29 Wattle Valley Road, Canterbury $3,650,000
3. 12 Stoke Avenue, Kew $3,500,000
4. 95 Bonds Lane, Greenvale $2,801,000
5. 75 O’Briens Lane, Templestowe $2,580,000

TOP 5 BARGAIN HOUSES
1. 113 Isabella Street, Geelong West $277,500
2. 11 Charlbury Grove, St Albans $310,000
3. 15 Holberry Street, Broadmeadows $315,000
4. 5 Benalla Street, Dallas $330,000
5. 1 Brandon Court, Craigieburn $330,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 6/57 Carpenter Street, Brighton $1,650,000
2. 22/1 Beach Street, Port Melbourne $1,645,000
3. 5A Gordon Crescent, Black Rock $1,335,000
4. 6 Maud Street, Balwyn North $1,201,000
5. 15 Lee Street, Carlton North $1,070,000

TOP 5 BARGAIN APARTMENTS
1. 4/32 Ellendale Road, Noble Park $185,000
2. 20 The Mews , Hoppers Crossing $220,000
3. 3/26 Addis Street, Geelong West $227,000
4. 4/31 Edgar Street, Kingsville $260,750
5. 1/12 Carmichael Street, Footscray West $278,000

Hodges Real Estate Lifestyle Magazine 20/11/2009

Hodges Real Estate Open for Inspections 21/11/20090 -

Weekly Auction & Sales Results 15/11/2009

This weekend the number of homes sold by private sale has surpassed this time in 2007, a fact that highlights the strong results achieved in that segment of the market this year.

The clearance rate was 83 per cent, the 27th weekend in a row it has been 80 per cent or more.

There were 795 auctions reported to the REIV of which a total of 600 sold. There were 149 homes passed in of which 88 were passed in on a vendors bid.

Another indication of the high levels of competition at auctions this year has been the very low numbers of homes selling after (half this time last year), but on the day of the auction.

The REIV expects just over 1800 auctions over the next fortnight.

TOTAL AUCTIONS

This week: 795
Last Weekend: 503
This weekend last year: 715

S Sold at Auction: 600
SB Sold before Auction: 127
SA Sold after Auction: 6

Passed in: 149
Passed in on vendor’s bid: 88

Clearance rate: 83%

Postponed: 0
Withdrawn: 0
Auctions with no result: 131

PS Private Sales: 716

Total Volume (Auctions): $426.59mil
Total Volume (Private Sales): $330.41mil

Total Auctions Houses: 507
Clearance Rate: 80%
Median Price: $710,000

Total Auctions Flats/Apartments: 193
Clearance Rate: 82%
Median Price: $476,000

Total Auctions Vacant Land: 13
Clearance Rate: 62%
Median Price: $670,500

House Sales in Detail
TOP 5 HOUSES
1. 18 Winifred Crescent, Toorak $4,210,000
2. 20-22 Ferncroft Avenue, Malvern East $3,500,000
3. 25 Epping Street, Malvern East $2,390,000
4. 41 Ashburn Grove, Ashburton $2,315,000
5. 2 Springfield Avenue, Toorak $1,970,000

TOP 5 BARGAIN HOUSES
1. 21 Pearson Street, Bunyip $260,500
2. 65 Hatchlands Drive, Deer Park $297,500
3. 14 Leavesdon Avenue, Kealba $297,500
4. 35 Green Street, Noble Park $308,000
5. 81 Erinbank Crescent, Westmeadows $315,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 612/1 Freshwater Place, Southbank $1,500,000
2. 1705/22 Albert Road, South Melbourne $1,275,000
3. 22/125 Oxford Street, Collingwood $955,000
4. 66B Green Street, Ivanhoe $895,000
5. 4/383 Glenferrie Road, Toorak $890,000

TOP 5 BARGAIN APARTMENTS
1. 1/11 Yarmouth Avenue, St Albans $185,000
2. 14/12 Stud Road, Dandenong $215,000
3. 2/14 Alamein Street, Noble Park $226,000
4. 12/42-44 Percy Street, Newport $230,000
5. 4/305 Cumberland Road, Pascoe Vale $245,000

Hodges Real Estate Open For Inspections 14/11/2009 –

OFI List

Hodges Real Estate Lifestyle Magazine 13/11/2009

Weekly Auction & Sales Results 08/11/2009

There were a total of 522 auctions reported to the REIV this weekend along
with 600 private sales. The clearance rate was 81%, with a total of
422 homes offered at auction selling. Of the 100 homes passed in, 65
of those were passed in on a vendors bid.
It is normally the case that there is an increase in the number of
homes offered at auction around this time of the year and that is
certainly the case this year with another 2,400 auctions expected
over the next three weekends, providing purchasers with a greater
range of choices and opportunities.

TOTAL AUCTIONS

This week: 522
Last Weekend: 338
This weekend last year: 568

S Sold at Auction: 326
SB Sold before Auction: 92
SA Sold after Auction: 4

Passed in: 100
Passed in on vendor’s bid: 65

Clearance rate: 81%

Postponed: 0
Withdrawn: 1
Auctions with no result: 52

PS Private Sales: 600

Total Volume (Auctions): $281mil
Total Volume (Private Sales): $285.28mil

Total Auctions Houses: 354
Clearance Rate: 78%
Median Price: $665,000

Total Auctions Flats/Apartments: 159
Clearance Rate: 89%
Median Price: $485,250

Total Auctions Vacant Land: 9
Clearance Rate: 56%
Median Price: $451,000

House Sales in Detail
TOP 5 HOUSES
1. 6 Grosvenor Street, Brighton $2,800,000
2. 8 Waiora Road, Caulfield North $2,415,000
3. 3 Salisbury Street, Balwyn $2,204,000
4. 12 Edgecombe Street, Kew $1,765,000
5. 29 Edgevale Road, Kew $1,730,000

TOP 5 BARGAIN HOUSES
1. 44 Timber Ridge, Doncaster $234,000
2. 73 Kingdom Drive, Cranbourne $297,000
3. 23 Woodlea Crescent, Craigieburn $300,000
4. 48 Jubilee Avenue, Indented Head $315,000
5. 76 Mount View Road, Thomastown $320,000

Flat/Apartment Sales in Detail
TOP 5 APARTMENTS
1. 14B Devorgilla Avenue, Toorak $1,375,000
2. 9 Fenwick Street, Kew $865,000
3. 1/36 Laburnum Street, Brighton $861,000
4. 1/25 Albury Road, Balwyn North $850,000
5. 23/97 Cruikshank Street, Port Melbourne $815,000

TOP 5 BARGAIN APARTMENTS
1. 12/13 Ormond Road, Footscray West $189,500
2. 24/133 Clarke Street, Northcote $208,000
3. 3/119 Park Crescent, Williamstown North $245,000
4. 2/6 Mathieson Street, Coburg North $285,500
5. 5/6 Murrell Street, Glenroy $293,000

Hodges Real Estate Open For Inspection List (07/11/2009 –

Hodges Real Estate Lifestyle Magazine 06/11/2009

Weekly Auction & Sales Results 01/11/2009

Demand at this weekend’s residential auctions has been very healthy and is consistent with the past 24 weekends when a clearance rate of 80 per cent or more has been achieved.

There have been 339 auctions reported to the REIV, of which a total of 278 sold and 58 were passed in. The clearance rate is 83 per cent. Of the homes passed in, 31 were passed in on a vendors bid.

Auction numbers will increase over the next few weeks following this brief dip in listings due to the Melbourne Cup.

TOTAL AUCTIONS

This week: 339
Last weekend: 837
This time last year: 170

S Sold at Auction: 214
SB Sold before Auction: 63
SA Sold after Auction: 0
Passed in: 55
Passed in on vendor’s bid: 28

Clearance rate: 83%

Postponed: 1
Withdrawn: 2
Auctions with no result: 54

PS Private Sales: 704

Total Volume (Auctions): $180.42mil
Total Volume (Private Sales): $335.52mil

Total Auctions Houses: 219
Clearance Rate: 85%
Median Price: $608,000

Total Auctions Flats/Apartments: 107
Clearance Rate: 79%
Median Price: $469,000

Total Auctions Vacant Land: 6
Clearance Rate: 83%
Median Price: $388,000

House Sales in Detail

TOP 5 HOUSES
1. 49 Grey Street, East Melbourne $2,150,000
2. 15 Ramsden Street, Clifton Hill $1,962,500
3. 411 Belmore Road, Balwyn North $1,880,000
4. 76 Weston Street, Brunswick $1,761,500
5. 14 Burns Street, Elwood $1,730,000

TOP 5 BARGAIN HOUSES
1. 10A Godfrey Crescent, Dandenong $275,000
2. 22 Olympic Way, Craigieburn $290,000
3. 61 Davisson Street, Epping $299,000
4. 29 Albert Street, Upper Ferntree Gully $300,000
5. 54 Edington Way, Craigieburn $302,000

Flat/Apartment Sales in Detail

TOP 5 APARTMENTS
1. 3/970 Riversdale Road, Surrey Hills $1,110,000
2. 2/37 Yongala Street, Balwyn $950,000
3. 4/150 Drummond Street, Carlton $872,000
4. 1/42 Princes Street, Port Melbourne $872,000
5. 17 Macrobertson Close, Fitzroy $765,000

TOP 5 BARGAIN APARTMENTS
1. 3/2A Hawker Avenue, Preston $215,000
2. 4/33 Gregory Grove, Preston $253,500
3. 32/99 Bentons Road, Mornington $255,000
4. 20/39 Somerset Street, Richmond $291,000
5. 1/323 Dorset Road, Boronia $295,500