REINSW – NSW Weekly Market Wrap
Announcement posted by Perception Partners 11 Dec 2011
REINSW – NSW Weekly Market Wrap
5th December to 10th December 2011
11th December 2011
This week saw 1,100 auctions scheduled in NSW, on par with the same weekend last year. This week 406 properties were reported sold and 393 passed in (57 of those on a vendor bid) for a clearance rate of 51 per cent. This week’s clearance rate is an improvement on the 48 per cent rate this time last year, and continues the trend of a generally stronger spring auction season.
Tim McKibbin
CEO – REINSWNW A
| 51% Clearance rate | 799 Reported Auctions Last week: 647 This week last year: 772 |
| Sold prior to auction: | 110 |
| Sold at auction: | 284 |
| Sold after auction: | 12 |
| Total Volume: | $248.02 mil |
| Passed in: | 393 |
| Passed on vendor's bid: | 57 |
| Withdrawn: | 78 |
| Postponed: | 21 |
| No Result: | 169 |
For more information go to www.realestateview.com.au
Please direct media enquiries to Julian Brophy on 0408 276 749.