Market Update | 22 & 23 June 2024
Across Melbourne, there were 920 homes taken to auction, compared to 1,083 the previous week and 744 a year ago. CoreLogic reports that Melbourne's preliminary clearance rate came in at 72.9%. This is the second highest preliminary clearance rate so far this year, behind the week ending 11 February. Over the weekend, two bidders competed to...
Jeremy Desmier in Market Updates
Market Update | 15 & 16 June 2024
We were relieved that the sun came out over the weekend, as temperatures are certainly dropping to wintery levels! The Domain Group recorded a clearance of 61% from 753 auctions reported on the weekend. In Malvern, the beautiful three-bedroom Victorian home at 36 Glendearg Grove boasts a stunning renovation and two living zones, attracting...
Jeremy Desmier in Market Updates
Market Update | 8 & 9 June 2024
It was a quiet weekend due to the King's Birthday public holiday, with auction numbers reduced to the lowest volume held in a week since Easter. The preliminary clearance rate recorded by CoreLogic was 63.2% from approximately 468 auctions. In Nunawading, we saw three bidders compete to secure the stylish single-level home at 3/16...
Jeremy Desmier in Market Updates
Market Update | 1 & 2 June 2024
The first auction weekend of Winter brought the wind chill factor and another strong industry clearance rate of 65%, as reported by Domain. We saw three bidders compete to secure the pretty three-bedroom plus study home at 35 Rowen Street in Glen Iris. In a highly sought-after neighbourhood, the property was sold under the hammer by...
Jeremy Desmier in Market Updates
Market Update | 25 & 26 May 2024
The last auction weekend of the Autumn selling season saw another beautiful, crisp Melbourne day and the Fletchers Group was thrilled to achieve another strong clearance rate of 83% for our clients. In Mont Albert North, five bidders competed to secure the classic, four-bedroom weatherboard home at 22 Tyrrell Street. In a cherished pocket...
Jeremy Desmier in Market Updates
Market Update | 18 & 19 May 2024
We were thankful that the sun was shining on Saturday, as temperatures in Melbourne were quite chilly over the weekend. The cool weather didn't deter prospective buyers, with the Fletchers Group thrilled to record a 94% clearance rate for our clients, with several auctions extremely well attended, with multiple bidders in competition. In...
Jeremy Desmier in Market Updates
Market Update | 11 & 12 May 2024
We were treated to another stunning display of Autumn weather in Melbourne as we enjoyed another busy Saturday in real estate, then an enjoyable Sunday celebrating the women in our lives for Mother’s Day. Whilst the Domain Group recorded a clearance rate of 58% for Melbourne, the Fletchers Group was thrilled to achieve a strong 86%...
Jeremy Desmier in Market Updates
Market Update | 4 & 5 May 2024
We saw over 1,000 auctions held on a beautiful Autumn weekend in Melbourne, with a preliminary clearance rate of 60% recorded by Domain. This is the first weekend since prior to Easter where we have seen over 1,000 auctions. Four bidders competed to secure the perfectly designed, three-bedroom home at 12 Paisley Street in Box Hill North. On a...
Jeremy Desmier in Market Updates
Market Update | 27 & 28 April 2024
We enjoyed a stunning display of Autumn weather on the weekend, perfect for selling and buying real estate, with the Domain Group recording an auction clearance rate of 62%. The Fletchers Group was thrilled to achieve a strong success rate of 75% for our clients. We saw four bidders compete to secure the attractive, four-bedroom family home at...
Jeremy Desmier in Market Updates
Market Update | 20 & 21 April 2024
As we move into several busy auction weeks to the end of Autumn, the Fletchers Group was thrilled to achieve a strong 86% clearance rate over the weekend. Over the weekend, we saw an incredible eight bidders compete to secure the fashionably designed, three-bedroom family home at 5 Arundel Court in Box Hill South. The property was sold under...
Jeremy Desmier in Market Updates
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Market Update | 16 & 17 November 2024 November 19thAuction activity continued to ramp up over October, with the weekly auction count by CoreLogic exceeding the 3,000 mark...