BY Mal James 14th August 2010
At 6pm on Saturday the James Million-Dollar-Plus clearance rate was 50% for the 38 auctions we attended. Of note is the fact that only 1 in 4 sold under the hammer.
On Sunday the post-auction clearance rate rose to 66% on all 61 monitored properties. That tells us that the market is right on the brink, but [...]
BY Mal James 29th August 2009
It’s 6pm Saturday and the James Clearance Rate for million-dollar-plus auctions is 60 per cent on the 20 auctions we attended but that may change by Sunday.
The market today (Saturday) was again strong across the board but crowd numbers continue to drop and there was a 40 per cent pass-in rate at [...]
BY Mal James 1st August 2009
It’s 6pm and the James Clearance Rate for million-dollar-plus homes is another 70 per cent on the 20 auctions we attended today and will rise overnight. The picture above is of the guiding hand of James Connell from Marshall White as he works the crowd at today’s 2 Selwyn Court Toorak auction. Is that [...]
BY James Buyer Advocates 2nd May 2009
The Boardroom Auction is back on the agenda. There are traps, pitfalls and strategies required with a boardroom auction. However, in many ways, a properly conducted boardroom auction is a transparent way to conduct business. The jury seems to be out on whether or not a boardroom auction is covered by [...]
BY Mal James 21st March 2009
EXECUTIVE SUMMARY
Scott is Sandringham’s quiet achiever. Respected by many, including his rivals, Scott gets a number of deals over the line quietly and without much fuss. In fact, I’m not sure we know as successful an agent with such a low profile. We like Scott because he gets in his car and meets [...]
BY Mal James 14th March 2009
EXECUTIVE SUMMARY
Overall stock levels are down! This is true if you look at actual auction and private sale transactions only; however, the amount of stock available for consideration is not as low as the Internet portals or The Age classifieds may portray. There is a considerable proportion of homes available through the [...]
BY Mal James 22nd November 2008
In our business as buyer agents, we often get edgy comments left on our mobile, emailed to us and, for those that are slightly braver (usually through their agent), said to our face. The unpleasant ones are always from sellers and they go something like this: “Mal, what are you doing, [...]
BY Mal James 26th July 2008
Overall another very negative weekend for auctions evidenced by the fact that only 2 sold from the 16 we attended as a group. The clearance rates at auction for $1m+ homes is nowhere near the reported overall low 60’s % of the last month.
Our comment on the market is that is has [...]
BY Mal James 1st November 2006
The spring market has proved what we have been saying all year. The inner city, high quality, perfect home market is firing as strong as it ever has. Good quality family homes on good quality blocks are in a boom at present. It is also, in our opinion, not too great a [...]
BY Mal James 1st March 2006
Overall the market for good quality family homes is currently in a spike – this spike is similar to the “good quality home” spike just after the last federal election. By spike we mean sale or purchase results well above the existing upward trend line.
Balance this with our opinion that the outer [...]
