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 [...]
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 [...]
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. [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
BY MAL JAMES 2nd July 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 48% on the 25 auctions we attended. The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction.
This is our last Marketnews summary and auction reporting until Saturday July 30th. We normally take a fortnight break at this time of the year due [...]
BY MAL JAMES 25th June 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 58% on the 24 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1.8 bidders per auction. That was the best performance since our day of surprises a month ago.
While one third of the homes passed in with no bidders, thereby virtually [...]
BY MAL JAMES 18th June 2011
At 6pm on Saturday, the James Clearance Rate for $M+ Inner East and Bayside was 38% on the 26 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1 bidder per auction.
These are less than stellar numbers for those looking for comfort in the stats. But to inject a bit of a reality check, [...]
BY MAL JAMES 4th June 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 41% on the 27 auctions we attended.
Auction numbers were typically low for winter, with just 70 homes over a million dollars going to auction in Bayside and Inner East this weekend.
The Weekly Review Bidderman, our demand indicator, was 1.3 bidders per auction. But that [...]
BY MAL JAMES 28th May 2011
At 6pm on Saturday, the James Clearance Rate for $M+ was 50% on the 32 auctions we attended. On one of the bigger $M+ auction days for the year we were back to the low clearance rates we’ve seen in six out of the past eight weeks. Clearly we are still in a buyers’ market.
The [...]
