Auction Results – Saturday 20th & Sunday 21st April 2013

A clearance rate of 66 per cent was recorded this weekend compared to 68 per cent last weekend and 54 per cent this weekend last year.

There were 575 auctions reported to the REIV this weekend, with 381 selling and 194 being passed in, 123 of those on a vendor bid.

Prior to this weekend, the year to date clearance rate was 69 per cent which is higher than the last two years. Auction volumes continue to reflect moderate improvements in the market with listings around 12 per cent higher than the 10 year average until the middle of May.

Next weekend the REIV expects around 780 auctions

Enzo Raimondo CEO REIV

 

S Sold at Auction: 314

SB Sold before Auction: 66

SA Sold after Auction: 1

Passed in: 194 Passed in on vendor's bid: 123

Clearance rate: 66%

TOTAL AUCTIONS

This week: 575

Yesterday: 12

Last Sunday: 16

This weekend last month: 1176

This weekend last year: 398

CLEARANCE RATES:

Weekend: 66%

Yesterday: 58%

Last Sunday: 75%

This weekend last month: 67%

This weekend last year: 54%

Postponed: 2

Withdrawn: 4

Auctions with no result: 29

PS Private Sales: 560

Total Volume (Auctions): $276.08mil

Total Volume (Private Sales): $262.89mil

 

Total Auctions Houses: 366

Clearance Rate: 70%

Median Price: $706,250

Total Value: $204,216,388

 

Total Auctions Flats/Apartments: 193

Clearance Rate: 60%

Median Price: $510,000

Total Value: $62,627,450

Total Auctions Vacant Land: 13

Clearance Rate: 38%

Median Price: $263,000

Total Value: $2,710,000

Source: Reiv.com.au