May 2016 is showing we are in a market of increasing uncertainty, albiet a healthy one.
We are in a market that is no longer a blanket. It is now increasingly a crocheted rug; meaning although there are holes opening up, there is still strength in the product.
The market has been flattening since mid Spring of last year.
The [...]
Today is a special report – we decided to focus on B and C graders and see how the market viewed them. While not all homes in our reports are B or C graders, there is a greater skew than normal to B and C grade homes in our stats.
WOW you are saying, but WOW I’m [...]
The Inner Melbourne market is showing a return to normality as evidenced by a healthy, but not stratospheric clearance rate of 68 today.
Having said that, there is a feeling of subdued excitement amongst agents (listing ok for June) and buyers (Bidderman 2.5 on big stock numbers today) as sellers appear to be coming out of hibernation [...]
At 6 pm the James Clearance Rate was 73% on the 30 auctions we covered. Bidderman dipped to 2 bidders per auction. With a lot of stock on offer, we interpret these stats as a hiccup, more so than a radical change – but nonetheless a change could be on – see our references to B and C graders [...]
2016’s Opening Market is …..drum roll … Pumping…….Strong …….Rocking. There’s no doubt and no other way to really describe it. We’ve had three big auction weekends in a row, with today a virtual Super Saturday and the market has spoken.
2016 has started with a real bang. The only difference between 2016 and 2015 is the [...]
It’s week 2 of our 3 week (Feb 20 +27 and Mar 5) 100 auction reporting marathon.
Today was down on last week’s unbridled enthusiasm.
However we did see a market that continued to show its depth and strength on the right homes. Just like late last year, today also had a clear dichotomy of interest between the A graders v [...]
(Above and below) 160 people witnessed this architectural masterpiece (working from a low base to a state of brilliance – Steve Domoney Architecture) sell under the hammer for $4,160,000. James Tostevin and 3 bidders. Google our James Home Rating – 2a Harcourt Street, Hawthorn East to read our detailed thoughts.
Excuse me what did I read above, James Bidderman 3, James [...]
The Melbourne market is right now an area of uncertainty. No, that’s not code for the market is going down; it’s 50/50 that it actually may go up. Nobody really knows where we are going right now.
Today is James Market News lite and a small sample as some of the dust comes off the gavels, [...]
Welcome back to James Buyers Agents and Advocates 2016. We have started James Market News a little earlier than planned because we are experiencing solid market interest right here and now in January.
SOLID START
We have already been involved in substantial buys and sells this year (2016) and currently have seven homes in negotiation; with a [...]
We started 2015 like a runaway train. I remember vividly giving advice on a Kooyongkoot Road property – All I did for three weeks before the auction was apologise to our client as I revised our price estimates up 5%, then another 10% and finally another 10%. The home that in December 2014 I thought would nudge $4,000,000 if [...]
Special Edition – James International Demand Report for Inner Melbourne $M+ housing
Today we have ditched our across Melbourne auction coverage and focused on assessing the change (if any) to International Demand within the Melbourne Property Market.
James Bidderman, Bayside, Stonnington and clearance rates have been sidelined, so as we could focus almost all our resources on assessing [...]
The market is not as bullish, as urgent, or as downright insane as it was from February to May, even June of this year.
Is this really a true statement?
In many cases we are 20% above the start of the year. Is the market’s outward intensity less about dollars and bidding and more about that, we [...]
It is important to note that we deliberately focused on the high-end today, as it is the canary in the gold mine. The Top End is where you will see the change (if any) first, as this current market is a Top End driven market. The Top End traditionally has the least depth of any [...]
Big Stock, Big Crowds, Big Results – the first of back to back Super Saturdays shows that the Inner Melbourne market is still rolling on.
Bidderman down a tad from last week, but on huge auction numbers this week and next week, that is not significant. Clearance Rates still a whopping 80+%.
Lets just focus on Bidderman for one [...]
The market continues to rock along (increase in Bidderman to 2.8). Look at the volcanoes today and we are coming into two huge weekends of action. Bidderman is defying gravity, by actually rising in a stock increasing market. However, lets see how Bidderman the Superhero goes next week and Super Saturday the following week.
Speaking of stock [...]
We ... will forever be grateful to you ... from saving us from all the bad houses we would have bought had we not worked with you. Dear Mal and Gina,
I held off writing this letter waiting for the buzz and fizz to settle down, the giddiness to disappear - but it hasn't! We're now in the house and even the cons of it haven't popped the bubble of joy we feel.
I just wanted to say a huge and resounding thank you on behalf...
Estate Agents are solving homelessness just like people solved polio, road toll and guns Well done Kay and Burton, Marshall White, Jellis Craig, Fle...
The market has changed and so have we at James Advocates. When 67% of homes are not selling at an auction. When you spend $30,000 on advertising for ...
YOUNGER HOMEBUYERS THRIVING IN 21ST CENTURY INNER ...
BY Mal James
We are pleased to welcome James Hayward, who has been employed by James Buyer Advocates on a part-time basis, to take a very average Inner Melbourne s...
