BY Mal James 19th May 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 55% on the 31 auctions we attended, down on last week. The Weekly Review Bidderman, our demand indicator, was steady at 1.6.
Market Summary:
From the results over the past few weeks, it could be easy to conclude that the market is a bit all over [...]
BY Mal James 12th May 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 68% on the 28 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was 1.6 bidders per auction. There are buyers out there for the A graders and well priced B graders.
Market Summary:
We said last week the market was cool and it was. Agents were glum [...]
BY Mal James 5th May 2012
At 6pm on Saturday, the James Clearance Rate for the $M+ market was 55% on the 33 auctions we attended.
The Weekly Review Bidderman, our demand indicator, was at 1.6 bidders per auction.
Market Summary: Overall the market continues to show us that well priced quality homes have a very solid following – as you’ll [...]
BY Mal James 28th April 2012
At 6pm on Saturday, the James Clearance Rate for $M+ was 74% on the 23 auctions we attended.
Welcome back after an extended Easter break. As you were probably aware, there has been nothing to report auction wise until this weekend. Even this weekend it hasn’t been much – in terms of numbers anyway.
Overall the market [...]
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 29th February 2012
As we come to the end of February most of the work we are involved in at this price level is off market or pre market – meaning not advertised or not yet advertised (and may not be). However two really good properties, currently beginning public selling campaigns (we have been through and rated), should [...]
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 [...]