Tuesday, May 22nd 2012
James Market Insight | Archives
$1 Million dollar plus activity.
BY Mal James 19th July 2008
The market is really in a very down frame of mind about auctions as we go to press with our latest market news. Looking at the results below of the 28 reported sales below (leaving out private sales) only 8 sold at auction or a reported clearance rate [...]
$1 Million dollar plus activity
BY Mal James 12th July 2008
Normally at this time of the year after the completion of the financial year and school holidays you would expect things to start to hot up a bit in terms of numbers of houses on the market. This year will be different – there are very few homes [...]
There continues to be very little quality stock offered in the million dollar plus end of the market as sellers who have had the sell (ie must meet the market) have sold.
BY Mal James 28th June 2008
The significant drop in prices during March and April forced many potential buyers and sellers to re-evaluate their needs. Those reassessments resulted in inaction now being evidenced by the small numbers the market is seeing on offer. Winter is traditionally a quieter time, we all feel like [...]
Overall this weekend was reasonably good for million dollar plus buyers and not the best for sellers compared to say the last month or so.
BY Mal James 21st June 2008
It is hard to know what the future holds and we think the most accurate comments revolve around the market is volatile – but it is a very different kind of volatility to last year. Last year an auction volatility was connected with just how much over an [...]
Market continuing to stabilise at all price levels.
BY Mal James 14th June 2008
Market continuing to stabilize at all price levels and we may even see small increases in the clearance rates as number the of quality homes coming on the market across all quality areas is the weakest it’s been this year. Add to this is the fact the number [...]
AUCTIONS WE ATTENDED THIS WEEKEND
BY Mal James 7th June 2008
15 St Johns Avenue, Camberwell. This is a very impressive,newly built period style home with no expense spared on inclusions. Auctioneer Jeremy Desmier from Fletchers in Canterbury conducted a very good auction, squeezing every last penny out of the four participating bidders. Bidding opened with a vendor bid [...]
Situation One: A tale of three properties in two markets – pre-Xmas 2007 and post-Easter 2008
BY Mal James 1st June 2008
24 Seymour Grove Brighton
This property sold on one side of the street (south-facing and no good for sunshine) for $2.92 million in December 2007. We assessed at land value only.
Date: Dec 2007
Landsize: 974sqm
Price: $2.92 million
29 Seymour Grove Brighton
Date: April 2008
Landsize: 1014sqm
Price: $2.16 million
This property sold this weekend for [...]
Market continuing to stabilise at all price levels.
BY Mal James 31st May 2008
15 St Johns Avenue, Camberwell. This is a very impressive,newly built period style home with no expense spared on inclusions. Auctioneer Jeremy Desmier from Fletchers in Canterbury conducted a very good auction, squeezing every last penny out of the four participating bidders. Bidding opened with a vendor bid [...]
Market Comment.
BY Mal James 24th May 2008
More of the same this week as we have seen for the last few weeks – the good ones below a million are selling well –the rest is a bit hard to pick.
One thing we feel buyers need to consider is their post auction or long term private sale [...]
Market Comment.
BY Mal James 17th May 2008
The market seems to be stabilising at this stage although it’s a little too early to call as there are still many results that don’t fit into the expected boxes.
In general from a price point of view this is what we are seeing.
Around $1million – we are seeing some [...]
Auctions attended this weekend.
BY Mal James 3rd May 2008
As we have been stating for some time and was again confirmed this week, the market is still continuing to fall in the order of 10 to 20% for most homes in inner Melbourne since February. Reading recent stats from the various authorities the fall has been greater [...]
What are you going to do at AUCTION on a PASS IN or VENDOR BID?
BY Mal James 26th April 2008
Many buyers turn up to an auction with little planning having been done, other than “I think I will bid up to” or plan B “I will see what others do”.
If you want to spend all your money in this market that, as a general rule, has shifted [...]
A tale of three properties in two markets.
BY Mal James 19th April 2008
Pre Xmas 2007 and Post Easter 2008
24 Seymour Grove Brighton
This property sold on one side of the street (south and no good for sunshine) for $2,920,000 in December 2007. We assessed at land value only.
Date: Dec 2007
Landsize: 974sqm
Price: 2,920,000
29 Seymour Grove Brighton
This property sold this weekend for [...]
More and More are seen as Less and Less.
BY Mal James 12th April 2008
OVERVIEW
Houses
The big test will be next week as there are many houses in the million dollar bracket up for auction. But the facts are clear in our mind – the market is continuing to turn dramatically from last year. If the market views a home as less than perfect [...]
Multiple Bidders if it’s the right property. Rarity and Uniqueness are still qualities people will pay money for.
BY Mal James 5th April 2008
OVERVIEW
Houses
Very few million dollar houses offered in the Blue Ribbon Suburbs – eg Brighton, Toorak or Hawthorn. The “Blue Chip Fringe” eg Glen Iris, Balwyn Nth and Sandringham was still proving a tough battleground for both buyer and sellers. Why for buyers as well? Well you really do [...]
Not a lot to report at the higher end this week as we had a fair run on good 2, 3, 5 million dollar homes before Easter.
BY Mal James 29th March 2008
One property that I enjoyed visiting last week was 29 Swinton Ave Kew. It had a magnificent entry and lounge room and some lovely art deco period features. However the home did not flow incredibly well and upstairs the bedrooms while quaint didn’t work well. Our [...]
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Although I think we remained in denial for a lot of the pre-bid phase it can only be said that your advice on the ultimate selling price was always accurate. We thank you for your considered and accurate advice, from the very beginning you gave us an accurate range of the likely selling price, for the extensive research you provided in assessing the property and indeed the assistance and the process you e...
Lyndon & Helen Hayward
Lyndon & Helen Hayward
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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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