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 [...]
BY Mal James 25th February 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 59% on the 37 auctions we attended. That figure was steady on last week. The Weekly Review Bidderman, our demand indicator, was also steady on last week, at 1.5 bidders per auction. The $2.5m+ market was weak, with 8 from 10 reported as having passed-in; [...]
BY Mal James 18th February 2012
Hellooo Melbourne Million Dollar Plus Market Watchers and welcome to our first edition for 2012. Two big Melbourne sporting events started again this weekend after a summer hiatus – the Pre Season NAB Cup and the Melbourne Auction scene.
On the auction scene, overall demand was not too awful. At 6.00pm Saturday, the James Clearance Rate for [...]
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 [...]
