REINSW – NSW Weekly Market Wrap
Announcement posted by Perception Partners 18 Dec 2011
REINSW – NSW Weekly Market Wrap
12th December to 17th December 2011
18th December 2011
The last significant auction week for 2011 saw just over 900 auctions scheduled, with 378 properties reported sold and 303 passed in for a clearance rate of 56 per cent. In the next few days leading up to Christmas there are around 90 auctions scheduled. This lull in auction activity typically lasts until the end of January while agents, buyers and vendors alike make the best of the festive season, school holidays, and warmer weather. To date the last quarter of 2011 has seen more than 8,500 properties put to auction, with an average of 56 per cent selling. This is an improvement on the same period last year where clearance rates were around the 50 per cent mark. On behalf of REINSW I’d like to wish all our readers a safe and happy Christmas holiday period.
Tim McKibbin
CEO – REINSW
| 56% Clearance rate | 681 Auctions
Last week: 794 This week last year: 518 |
| Sold prior to auction: | 72 |
| Sold at auction: | 278 |
| Sold after auction: | 28 |
Total Volume: | $203.14 mil |
| Passed in: | 303 |
| Passed on vendor's bid: | 27 |
| Withdrawn: | 71 |
| Postponed: | 12 |
| No Result: | 157 |
For more information go to www.realestateview.com.au
Please direct media enquiries to Julian Brophy on 0408 276 749.