Private Real Estate Sale – Snapshot Sunday 26th October
Sell your property privately through Privatepoint the private real estate sale, for sale by owner ( FSBO ), DIY sales private house sales website.
Outlined below are the property auction results for this weekend according to Australian Property Monitors:
Total auctions: 528 (last week: 473)
Sold: 256 (last week: 283)
Withdrawn: 26 (last week: 30)
Clearance rate: 46% (last week: 56%)
Total Sales: $ 122,435,350 (last week: $ 146,877,280)
Median: $ 537,250 (last week: $ 505,994)
Privatepoint is a for sale by owner private real estate sale website allowing a property owner to sell privately and market their property to a large audience of potential property buyers. As a property owner you can enter your property details into the Privatepoint website and have your property listing appear on a number of popular private real estate sale websites.
Comments
There is quite a reduction in the auction clearance rate over the weekend, is this signs that things are going to worse coming into summer?
Trent Piccilo
27.10.08
4:19 am
Definitely tough times ahead. I don’t think property buyers are leaving the market but rather there are more and more properties coming on the market each week.
That is a low clearance rate does anyone know what the average clearance rate is around this time of the year?
Luke Randal
27.10.08
9:28 am
I would imagine it would be a lot higher than that I would think it would be around 62 to 64% as this time of year is usually the best for real estate.
Micky
29.10.08
8:33 am
Sure makes for interesting times in the coming months. Anyone want to take a bet that the clearance rate won’t crawl back above 50% to often between here and the end of the year. If it does than it will only because there are a few properties auctioned that weekend!!!
T-Bone
29.10.08
9:34 am