BY Mal James 10th May 2020
This may have been the last of my regular, really long, walks for a while.
It’s 6.00 pm Saturday and what a change in outlook this week from last week.
We have moved from pause Pre-Easter, to part-time Post-Easter, to full-time from next week.
The phones are ringing again, meetings and walk through of homes are happening and [...]
BY Mal James 25th April 2020
Executive Summary: Improve our economic situation immediately at NO ADDITIONAL COST to governments through a property market improvement.
3 key components of actionable demand, as opposed to underlying demand where friction and barriers lie:
Belief,
Trust and
Money
3 property market lubricants – the WD-40 if you like – that will reduce friction/barriers thereby encouraging underlying demand to move to [...]
BY Mal James 29th March 2020
It’s 6.00 pm Saturday and our week has finished a lot better than it has for many others. We genuinely feel for you out there.
Today in Inner Melbourne high-end property we are focussing on;
What has happened in the market this year
What is happening right now
Our short and longer-term futures with Inner Melbourne Property.
We will do [...]
BY Mal James 21st March 2020
The Very Strong
4 bidders – Volcano – $4,322,500 – 23 Duke Street, Kew – Walter Dodich
This was a home we were intimately involved in the sale management of from start to finish and it was brilliantly sold by Walter Dodich. He priced it well, marketed it well and auctioned it well.
Whilst it got slightly more [...]
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 13th October 2018
This is the first of two articles about what is really happening in our markets.
We live in exciting times in the business, in the emotion of and in the life of Melbourne Top End real estate.
Is it a dawn or is it a midnight?
Who knows but it is one of the more interesting times we have seen, [...]
BY Mal James 1st September 2018
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 a failed auction and all that’s achieved is
you’ve told everybody what your home is not worth.
When the market has changed but your selling agent hasn’t, isn’t it time to [...]
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 6th May 2018
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 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 27th May 2017
What is the market really doing?
We get asked this question daily so we decided to conduct a 3-Week, 100 Auction Report challenge during the month of May.
Well, there were no surprises! All three measurements showed that the Inner Melbourne market is in what we call “boom times”, but now, since 2008, increasingly what we call [...]
BY Mal James 27th May 2017
This week in James Market News: (click on contents)
1. Market Commentary
2. May 3-Week Auction Challenge – Results are in…
3. Bayside and Inner East Auction Action
4. 2017 James Half Year Summary
5. Land Prices – 2010 – 2017
6. Negotiation Corner – Narrowed Focus
7. Inside James – and Off Markets
8. Younger Homebuyers – [...]
