BY James Buyer Advocates 2nd April 2011
Key Points:
Is the dream run over for agents in Boroondara or is Post Easter going to be a very different story? Just like the market itself, there has been tremendous change within the business of real estate in Boroondara in recent times. Both the May and Winter markets could be very different to past [...]
BY Mal James 31st March 2011
Week Ending 19th March: Off Markets, Forthcoming Auctions and Expressions of Interest are increasing as market stock levels begin to rise dramatically
BY Mal James 26th March 2011
At 6pm on Saturday, the James Clearance Rate on the 31 auctions we covered was 58%.
Bidderman, our demand indicator of average bidders per auction, had a small rise to 1.6 bidders per auction, in part due to four volcanoes (strong auctions) including one 7 bidder auction in 28 Barrington St Kew.
These figures indicate that the [...]
BY Mal James 26th March 2011
Key Point:
The Top End outside Inner East and Bayside is mainly in that $1.5m to $2.2m range and the action this month has been relatively thin on the ground with many agents reporting a lot of homes for sale but with little movement generally.
Agent Q & A: Has the market changed since before Labour Day [...]
BY Mal James 19th March 2011
At 6pm on Saturday, the James $M+ Clearance Rate on the 32 auctions we covered was 59%. With two weeks in a row at this level, this is a market coming out of ‘balanced’ and leaning towards “cool’. Bidderman, our demand indicator of average bidders per auction, has continued to decline to 1.3 bidders per [...]
BY James Buyer Advocates 5th March 2011
Key Points:
Clearance Rates are definitely not as good as we are used to in Boroondara but they are still healthy in the mid 60’s and nearly 40 homes over a million were bought this week
Stock Surge – Large amounts of $M+ stock are hitting the market for pre Easter campaigns
61 Bellett Camberwell has been on [...]
BY Mal James 5th March 2011
At 6pm on Saturday the James $M+ Clearance Rate on the 32 auctions we covered dipped to 59%. For the second week in a row there were around 150 new $M+ listings in our main coverage area of Bayside and the Inner East. Buyers have firmly said to sellers – “if it ain’t priced right [...]
BY James Buyer Advocates 26th February 2011
Key Points
Big Numbers at almost all auctions – a crowd of 300 reported at 15 Stephens St Balwyn North
Agents are concerned about the market – definitely not upbeat as a whole
Lots of new stock on the market this week – Pre Easter has the potential to be a whole new market to this early season [...]
BY Mal James 26th February 2011
At 6.00pm Saturday, the James Clearance Rate for the 31 Million Dollar Plus Auctions we covered was 74%. The signs are there that the market has started with a hint of warmth about it. Bidderman was at 2, the $M+ Clearance Rate was 74% and this weekend’s Hammer rate was almost one in two. That’s a [...]
BY James Buyer Advocates 19th February 2011
Key Points:
Stonnington outperformed Boroondara in terms of clearance rate
The top end is not moving with any conviction, and no sales over $3m have been reported to us this year
Two big weeks ahead will give a greater indication as to the health of Hawthorn and surrounds. Our thoughts with the numbers at OFI’s and the [...]
BY Mal James 19th February 2011
Agent Q & A: How have you found non-auction sales so far this year?
David Oster, Jellis Craig, Ivanhoe:“I’ve found non- auction sales still a little grey. Not as much transparency or buyer comments such as “why hasn’t it gone to auction?”or “when did it pass in?” Whereas at auctions, we have found that they may have only one [...]
BY James Buyer Advocates 27th November 2010
Key Points:
Crowds smaller and less bidders with a clearance rate at 62% – lowish for Boroondara, however there were around 50 auctions over $1 million.
Hottest market is for the $1,200,000 to $1,600,000 double fronted timber home in need of some work with a market price tag on it.
Scott Patterson MD of Jellis Craig: Clearance Rate [...]
BY Mal James 27th November 2010
Week Ending November 27th:
The high end ($3m+) which like the proverbial brides nightie (not sure if I can say that) is up and down at the drop of a hat. A fortnight ago it was up and last week it was down – this week it was up and in a [...]
BY Mal James 20th November 2010
Around the Grounds:
Parkville, 543 Royal Pde, Craig Shearn (Jellis Craig);
“The auction of this Royal Parade home had all the makings of an entertaining event, with a picturesque location, a lively crowd in attendance and just the right amount of sunshine in which those gathered could bask. Auctioneer Craig Shearn competed valiantly [...]
BY James Buyer Advocates 13th November 2010
Key Points:
Clearance Rate this week on the almost 50 auctions over $1 million we monitored was 58%. Not the usual we would expect in this area, but a lot better than last week.
Stock quality on offer was below average, so this weekend represented a bit of a bounceback. Only three properties priced at more than [...]
