Wednesday, May 23rd 2012
James Market Insight | Archives
This market is more consistent than it appears!
BY Mal James 19th May 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 55% on the 31 auctions we attended, down on last week. The Weekly Review Bidderman, our demand indicator, was steady at 1.6.
Market Summary:
From the results over the past few weeks, it could be easy to conclude that the market is a bit all over [...]
Keen buyers snap up flush of quality properties
BY Mal James 12th May 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction. There are buyers out there for the A graders and well priced B graders.
Market Summary:
We said last week the market was cool and it was. Agents were glum [...]
Market was cooler this weekend – especially in the $2m to $3m range.
BY Mal James 5th May 2012
At 6pm on Saturday, the James Clearance Rate for the $M+ market was 55% on the 33 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was at 1.6 bidders per auction.
Market Summary: Overall the market continues to show us that well priced quality homes have a very solid following – as you’ll [...]
Low stock levels boost clearance rates
BY Mal James 28th April 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 74% on the 23 auctions we attended.
Welcome back after an extended Easter break. As you were probably aware, there has been nothing to report auction wise until this weekend. Even this weekend it hasn’t been much – in terms of numbers anyway.
Overall the market [...]
Super Saturday Sizzles – Bumper Pre Easter Issue
BY Mal James 31st March 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 79% on the 34 auctions we attended. On what we covered it was a sizzling result (in terms of activity) and supports the market improvement most have been claiming in 2012. HOWEVER this has happened in five of the previous six years (see chart [...]
Buyers and sellers are making decisions again
BY Mal James 24th March 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 56% on the 32 auctions we attended. However we think that bare statistic understates the quality of the $M+ market, given we included a number of fringe auctions today and that current stock levels are swollen right now. All in all we think it’s [...]
Only if the price was right
BY Mal James 17th March 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 57% on the 23 auctions we attended. That figure represented a dip down from last week, but the stock quality was not up to what we have been seeing lately.
The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. 1 in 3 homes were [...]
Early indications suggest the market has stabilised – but we’ll see what the next few weeks will bring.
BY Mal James 3rd March 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 74% on the 34 auctions we attended. We are now well and truly in the realm of a balanced market.
The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction – a significant rise on the last two weeks.
Stock levels were fairly solid [...]
All buyers are needing to fire their interest is a sign from the market
BY Mal James 25th February 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 59% on the 37 auctions we attended. That figure was steady on last week. The Weekly Review Bidderman, our demand indicator, was also steady on last week, at 1.5 bidders per auction. The $2.5m+ market was weak, with 8 from 10 reported as having passed-in; [...]
The first real auction day of 2012 started quietly out of the blocks, but by the end of the day overall demand was not too bad.
BY Mal James 18th February 2012
Hellooo Melbourne Million Dollar Plus Market Watchers and welcome to our first edition for 2012. Two big Melbourne sporting events started again this weekend after a summer hiatus – the Pre Season NAB Cup and the Melbourne Auction scene.
On the auction scene, overall demand was not too awful. At 6.00pm Saturday, the James Clearance Rate for [...]
The bubble deflated a long time ago – and 2011, like 2010, has mostly been a Buyers’ Market.
BY Mal James 3rd December 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 46% on the 24 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3.
This Weekend’s Market
It was a weekend that exemplified what 2011 has mostly been about – big enough crowds, and even spirited bidding in some cases, but ultimately a failure by [...]
Not quite a shocker, though a long way from solid. A real dichotomy between haves (those with bidders) and have nots (those with none).
BY Mal James 26th November 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 50% on the 36 auctions we attended. Auction-wise it was only the second 100+ auction day for $M+ homes in Inner East and Bayside since Autumn – and all things considered it wasn’t a shocker. However it certainly wasn’t positive news for sellers with [...]
Plenty of stock and plenty of choice coming into Christmas
BY Mal James 19th November 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 44% on the 25 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. But Bidderman is very inconsistent – last week we reported 27 bidders on 5 homes and 14 bidders combined on the other 21 auctions. This week [...]
It was either boiling hot or it was ice cold – depending on the house and how it was priced
BY Mal James 12th November 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 29 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction. But that average figure doesn’t tell the full story.
Market Summary
This weekend was a tale of some homes with a lot of bidders and some without any. [...]
It was 50/50 today for $1m+ properties this weekend – but the $4m+ market has rediscovered some of its early Spring legs!
BY Mal James 5th November 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 50% on the 28 auctions we attended. What made the difference between those that sold and those that didn’t? As with most of this year’s market, quality properties priced to market sold, while those off the boil on price and quality didn’t.
The Weekly Review Bidderman, [...]
Super Saturday: Sizzled for Some, Sucked for Many.
BY Mal James 22nd October 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 43% on the 46 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction.
As we have the horses stopping most auctions next weekend, this is another bumper edition to last you for two weeks. We covered 46 auctions this weekend [...]
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Off Market was the go Adam and Gina you were both great right from the outset. You encouraged us to be more open in our views on what we should look for in a house and kept us positive throughout what can be an emotional journey. The level of communication throughout ...
Alison Rowe Mark Thomas
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Buyer Masterclass
EARLY WINTER DEMANDS A CHANGE OF TACK...
BY Mal James
With Easter 2012 over, many of you will be suffering withdrawals not just from chocolate but also from information about the property market – a...
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