BY MAL JAMES 15th September 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 65% across the 31 auctions we attended – a solid result. The Weekly Review Bidderman was also a very solid 1.8 bidders per auction. There was a fairly even spread of ducks, lone rangers, norms and volcanoes.
This weekend was the Spring Market’s First Big Test, with [...]
BY MAL JAMES 8th September 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 62% across the 26 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. Given the small sample this weekend (50 or so auctions at $m+) and the ‘iffy’ quality of some of the stock, we are not forming any real opinion on [...]
BY MAL JAMES 1st September 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 75% – yep that’s 75% across the 28 auctions we attended. The Weekly Review Bidderman was 2 bidders per auction.
WOW, what a difference a week makes! Sure, it may be a statistical anomaly and the sample is small – but it’s the first day of [...]
BY MAL JAMES 25th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 55% across the 31 auctions we attended. The Weekly Review Bidderman was 1.6 bidders per auction.
BY MAL JAMES 18th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 50% across the 32 auctions we attended. The Weekly Review Bidderman was 1.5 bidders per auction. Half the auctions today were lone rangers (one bidder) or ducks (no bidders). On a very positive note, however, which again reaffirms our views on quality stock, there were [...]
BY MAL JAMES 11th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 60% across the 30 auctions we attended.
The Weekly Review Bidderman was 1.3 bidders per auction. This confirms our view that while the market is looking okay when you look at clearance rates, it is thin on the ground when it comes to bidders. Almost two [...]
BY MAL JAMES 4th August 2012
At 6pm on Saturday, the James $M+ Clearance Rate was 44% across the 25 auctions we attended.
The Weekly Review Bidderman was 1.4 bidders per auction.
Market Summary
The market continues to be unexciting in terms of stock levels. There were only 40 or so $M+ auctions this weekend in Inner East and Bayside, when 70 is a [...]
BY MAL JAMES 28th July 2012
At 6pm Saturday, the James $M+ Clearance Rate was 46% across the 24 auctions we attended.
The Weekly Review Bidderman - 1.8 bidders per auction.
Market Summary
Welcome back to Marketnews after a month’s hiatus. When we left you last month, the fridge door had opened on the market and the mood was a little sombre. July hasn’t really [...]
BY MAL JAMES 23rd June 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 66% on the 29 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.5 bidders per auction.
Clearly there was a distinct improvement in the number of minds meeting in terms of price this weekend. But we believe that in June 2012, despite lower stock [...]
BY MAL JAMES 16th June 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 45% on the 29 auctions we attended, showing cooler market sentiment on low stock levels. The Weekly Review Bidderman, our demand indicator, was 1.4 bidders per auction, which was a rise on the figure before the long weekend – although it didn’t feel like [...]
BY MAL JAMES 2nd June 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 57% on the 28 auctions we attended. The Weekly Review Bidderman, our demand indicator, was a very weak 1.1 bidders per auction.
Market Summary:
It wasn’t just the weather that was cold this weekend – so was the general mood at auctions across the board. [...]
BY MAL JAMES 26th May 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 59% on the 32 auctions we attended. That figure has been fairly consistent all through May. The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction, which has also been consistent throughout May. $M Auction Stock levels were around [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
