Thursday, February 9th 2012
James Market Insight | Archives
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 [...]
The October market is looking better than the September market for buyers!
BY Mal James 15th October 2011
Market Summary:
Three weeks ago when we left the auction market it was a negative auction day. Have things changed?
Some things have and some haven’t. But for buyers – it’s almost all good news!
While there weren’t quite enough auctions this weekend to tell us anything for certain (which is why we haven’t supplied a James Clearance [...]
Lack of action a blow to hope of a positive late Spring market
BY Mal James 24th September 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 43% on the 37 auctions we attended. Our Market Heat Indicator is now leaning back towards a buyers market. Considering the lack of stock on offer, this weekend’s results were a bit of a blow for those hoping for a positive late Spring market.
The Weekly [...]
Action Again all at the Top of the Top End
BY Mal James 17th September 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 54% on the 28 auctions we attended. Yes it was down and in our opinion that was again due to lack of exciting stock rather than lack of demand for good homes.
The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction. You [...]
Parts of the Top of the Top End are spiking right now!
BY Mal James 10th September 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. Another solid weekend, especially for A grade homes. We feel the market is now back to a balanced state and should remain so with these current very low stock levels.
The Weekly Review Bidderman, our demand indicator, was [...]
Trading Up? Not a lot of Goodies coming on!
BY Mal James 3rd September 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 65% on the 26 auctions we attended. Solid result on low numbers. At these stock levels we have moved our market indicator back to balanced, however prices are continuing to ease on a number of lesser quality homes.
The Weekly Review Bidderman, our demand indicator, was [...]
The Top of the Top End flared back into life this week!
BY Mal James 27th August 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 62% on the 26 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction – still indicative of price falls.
As it has been for the last few weeks, so it will be for the next few weeks. We are in a [...]
Buyers take the down escalator on price
BY Mal James 20th August 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.2. Neither figure represented the spark many of us wanted to see to fire this market into action.
Channel Nine – THE BLOCK Auction Postscript
Congratulations to Channel Nine and The Block [...]
Invisible Anchor holds down Prices on Auctions.
BY Mal James 13th August 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 60% on the 30 auctions we attended. It was a strong result in light of the market uncertainty, but it was also somewhat to be expected, given that this was a rare high quality weekend with low new stock numbers, and the market at [...]
We all waited with bated breath … AND
BY Mal James 6th August 2011
Yes it was a bit of a dog of a day for the market this weekend, but it was not an absolute shocker. And really, what else could you have expected!
At 6pm on Saturday, the James Clearance Rate for $M+ was 52% on the 25 auctions we attended. We have seen worse.
The Weekly Review Bidderman, [...]
Good quality stock hard to find in a lacklustre market.
BY Mal James 30th July 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended. That figure is probably inflated due to a lack of quality auctions and very low stock levels, but it does indicate that the quality clearance rate may well be above, rather than below, the Melbourne-wide clearance rate right [...]
Not only do we report on the state of the Melbourne Real Estate market, we are also government licensed Buyer Advocates. We only work for buyers, so think of us as the opposite of selling agents.
Find out more about who we are and what we do.
Find out more about who we are and what we do.
Melbourne Real Estate Market
Where you need to be & what we buy.We outline in detail where we find the best places are to buy in Melbourne.
Find out Melbourne's best locations.
BUYER TESTIMONIAL
We could not have bought our home in Melbourne, particularly from a distance, without Mal's help. The advantage of having your 'eyes open and ears to the ground' on our behalf, was a real bonus in a process made a great deal less complex than if we had not had access to your local knowledge, contacts and research resources. We achieved a very goo...
Julie & Richard Levine
Julie & Richard Levine
Buyer Masterclass
THE RISKS OF CHASING A HOUSEBUYING REWARD...
BY Mal James
Negotiating on a property is all about balancing the risks with the rewards. In your quest for the reward of buying your dream home, you might run the...
Read the full article
Join us on Facebook
Follow us on Twitter
Share on digg
Subscribe to RSS feed
