Market Update – Saturday 23rd & Sunday 24th March 2013

RESIDENTIAL

  •  S Sold at Auction: 650
  • SB Sold before Auction: 126
  • SA Sold after Auction: 3
  • Passed in: 391
  • Passed in on vendor's bid: 229

TOTAL AUCTIONS

  • This week: 1170
  • This weekend last month: 939
  • This weekend last year: 783

CLEARANCE RATES: 

  • Weekend: 67% This weekend
  • last month: 72% This weekend
  • last year: 59%
  • Postponed: 9
  • Withdrawn: 15
  • Auctions with no result: 19
  • PS Private Sales: 616

Total Volume (Auctions): $617.34mil

Total Volume (Private Sales): $314.88mil

Total Auctions Houses: 766

  • Clearance Rate: 69%
  • Median Price: $763,000
  • Total Value: $468,453,840

Total Auctions Flats/Apartments: 383

  • Clearance Rate: 64%
  • Median Price: $548,000
  • Total Value: $146,637,700

Total Auctions Vacant Land: 17

  • Clearance Rate: 24%
  • Median Price: $337,500
  • Total Value: $1,330,000

Source: Reiv.com.au