BY Mal James 23rd February 2019
It’s Saturday 6.00pm and the results are in for the first key auction week for 2019 and also the first key measuring week for the James 100 Auction test (100 randomly chosen homes over 3 weekends Feb 23, Mar 2 & 23).
Today we covered 36 Auctions across Bayside (Bayside + Port Phillip); Stonnington and Boroondara.
And [...]
BY Mal James 2nd February 2019
From all recent news reports, this year is going to be a “bad one” in property.
And by definition, a “bad one” is poor quality or not as hoped for.
We’re sorry, but we just don’t see “bad”.
We see the market, as we left it in 2018, a superior quality one – more sophisticated and better for [...]
BY Mal James 17th November 2018
At 6.00pm the James Clearance rate for $M+ Inner Melbourne family homes was 50% on the 26 Auctions we covered in the Pre Xmas 100 Auction test today.
James Bidderman that is, bidders per auction, was 1.2, indicating the overall market is still easing/falling in price.
Bidderman needs 2 to tango and 3 to party – 1 is the loneliest number if you’re [...]
BY Mal James 1st September 2018
BY Mal James 25th August 2018
Welcome to our $2m-plus auction Early Spring season opener
And the first of three weekends of the James 3 Week 100 Auctions Early Spring Market Test, specifically designed to measure the true market temperature of higher end, Inner Melbourne Family Homes.
This time last year, the opening Spring Day was a bit depressing and now it feels like we have just [...]
BY Mal James 28th July 2018
Welcome to the early beginnings of the Melbourne Spring buying and selling market.
Auctions start in a few weeks time.
This weekend’s James Market Insight, is the first in a series of three, about how you can best manage yourself in what’s to come.
Why manage yourself?
One: If you cannot manage yourself, then you dramatically increase your chances of [...]
BY Mal James 2nd June 2018
At 6.00 pm on Saturday we found the market, as we have found it all year; B and C Graders down – A-Graders mixed.
A-Grader, by our definition – right Position, right Property and right Price – good PPP‘s.
Overall, the market as we go into winter is still declining in its mood, interspersed with some strong results: such [...]
BY Mal James 19th May 2018
At 6.00pm on Saturday, it’s official – we are continuing to fall – but those falls are becoming more widespread.
In the final week of our three week May 100 Auction Test, we can now say that last week’s comments (of a flattening market) look “courageous” on today’s market evidence.
The Clearance Rate for $2m+ Inner Melbourne family homes [...]
BY Mal James 5th May 2018
It’s 6.00 pm on Saturday, the first of 3 weeks in our May 100 Auction test.
It played out to an expected script, with a near cold 63% clearance rate on family homes over $2 million and the James Bidderman is a consistently chilly 1.3 (bidders per auction), on what are relatively low stock levels for a “normal” May. Look at the [...]
BY Mal James 28th April 2018
A-Graders are still selling! However, this was the only home we saw sell under the hammer today. There were 3 bidders at 2 Irymple Avenue, Glen Iris which sold for $2,750,000, John Morrisby.
Contents:
1. Under the Hammer
2. Is Now a Good Time?
3. Dr. Good Strategy
4. Around the Grounds – Auction Reports
5. Market Fresh – one-liners on 25 Top [...]
BY Mal James 17th March 2018
It’s 6.00pm Saturday and the James Clearance rate for $2M+ Inner Melbourne family homes, was a drifting down 69% on the 32 auctions we covered today, in the third and final week of our James 100 Auction 3-Week Test (Feb 24, Mar 3 and 17). The 3-week Opening Market Clearance Rate was 67%.
James Bidderman, that is bidders per auction, was 1.3 today. The [...]
BY Mal James 2nd March 2018
Week One:
Value is not a number, it is a feeling.
Price has no emotion, no conjecture, it’s factual.
Price is not value and value is not price.
I buy a number of family homes for people – perhaps more than anybody else in Melbourne, perhaps not – and at some point in the client and buyer advocate discussion [...]
BY Mal James 24th February 2018
Welcome to our $2m plus auction season opener and the first weekend of our three weekend, James 100 Auctions Market Test; specifically designed to measure the true market temperature of higher end, Inner Melbourne Family Homes.
It’s 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was a middle of the road 68% on the 34 Auctions we covered today.
James Bidderman, that [...]
BY Mal James 3rd February 2018
Hello everybody for 2018!
As is our tradition, it’s a decidedly lightweight first-up Market News, as we ease our way back into the saddle. Giddy-up!
Today was the first serious day of opens and we have started the year with a some impetus having bought two homes already; contrasting with the flat feeling the market left for most buyers late [...]
BY Mal James 2nd September 2017
At 6.00pm Saturday the overall Inner Melbourne $2M+ market results:
Family Home Clearance Rate of 81% on the 34 Inner Melbourne $M+ auctions we covered.
Combined with James Bidderman (bidders per auction) @ 1.8 on lowish auction stock numbers.
The Inner Melbourne Top End market is now consistently tracking below 2 bidders per auction in Early Spring. This is a major shift in bidder [...]
