The Victorian property market experienced a strong finish to the last weekend of winter. Master Advocates – Real Estate Services are searching and inspecting Melbourne for real estate opportunities, preparing for a fantastic spring season and great results for our clients.
Mark Errichiello
Licensed Estate Agent, CEA (REIV)
DIrector (OIEC)
Category: General
Posted by: Mark
A clearance rate of 76 per cent was recorded this weekend compared to 70 per cent last weekend and 70 per cent this weekend last year. There were 652 auctions reported to the REIV today, with 495 properties selling and 157 being passed in, 63 of those on a vendor bid. There were 11,915 auctions held last spring. Forward estimates for this spring indicate similar levels of auctions, if not higher. Melbourne is already set to have its first weekend of more than 1,000 auctions in mid-September as the market ramps up.
Enzo Raimondo
CEO – REIV
Weekly Auction & Sales results, Market Snapshot
Saturday
30th August 2014
|
Clearance Rate |
Auction Results |
Last week |
This week last year |
|||
|
76% |
652 |
662 |
685 |
Supportive information source: REIV published results Saturday 30th August 2014
