Is The WORST Over..?
Is the WORST Over..?
One of the KEY mterics economists look to, in order to closely gauge the health of the property market is called.. 'The Rate of Vendor Discounting.'
What this means, is basically when a property SELLS below the first advertised price, this is referred to as Vendor discounting. In June, the share of properties that SOLD for less than the asking price decreased, in comparison to the start of 2023. There has also been an increase in the share of sales over the asking price and also an increase in the share of sales at the asking price. All of which point to the trend that values will continue to rise. Albeit at a snails pace at present (+0.3% in June), a rise is still a rise..
The current data indicates that the market is again at a turning point, with fewer properties selling for less than the asking price, and more selling for the asking price. In June, according to PropTrack Date:
40% of homes SOLD for LESS than the asking price
50% of homes SOLD for asking price
10% of home SOLD for ABOVE the the asking price
To catch the FULL article by Karen Dellow 'Senior Data Analyst' at PropTrack CLICK HERE of HIT the IMAGE below..
This Week C+M Also COVERS:
Rate Of DISCOUNTING Slows..
C+M Market Activity & Clearance Rates..
Get your INSTANT Property Price Online.?
Your Suburbs SOLD Results..
Quote of the Week..
C+M Market Activity Past 7 DAYS..
The week's PRE-MARKET and YET to be Photographed homes:
33 Valencia St, Glenroy: Potential PLUS, Off Market..
2A Bass St, Pascoe Vale: Street Facing Townhouse, Coming Soon..
6/14 Salisbury St, Glenroy: Low Maintenance Home, Coming Soon..
50 Beatty Ave, Glenroy: Weatherboard Family Home, Coming Soon..
2 Clyde Crt, Oak Park: Family Home, Large Allotment, Coming Soon..
15 Tudor St, Glenroy: Family Home, Coming Soon..
The week's NEWEST home to market at C+M Residential:
21 North St, Hadfield: Family Home on ~611m2: $697k - $765k
1A Stella St, Glenroy: Dual-Occ Beauty: $645k - $695k
83 Victoria St, Oak Park: Large Family Weatherboard Corner Home: $1.1m - $1.2m
16 Grandison St, Oak Park: Side-by-Side Beauty: $1.1m - $1.2m
97 Valley Cres, Glenroy: Family Home in the Valley: $697k - $765k
27 Oswan St, Broadmeadows: Large Allotment, Family Home: $500k - $550k
The week's local SOLD results at C+M Residential:
10/15-17 Nerissa Gr, Oak Park: SOLD @ Private Sale: $600,000
8 The Loop, Hadfield: SOLD @ Prior to Auction: Contact Agent
2/2 Ash Crt, Glenroy: SOLD @ Prior to Auction: $700,000
Book Your INSTANT Price CHECK.?
Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.
*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.
Auction STATS:
15th July '23
*preliminary results based on Sundays data from realestate.com.au
| STATISTIC | DATE | No. or % |
|---|---|---|
| Results Available | This Week | 560 |
| SOLD @ Auction | This Week | 255 |
| SOLD Prior | This Week | 105 |
| Clearance Rate | This Week | 66% |
| SOLD after Auction | This Week | 7 |
| Withdrawn | This Week | 73 |
| Total Scheduled | This Week | 700 |
| PASSED IN | This Week | 120 |
Your suburbs SOLD results:
GLENROY
HADFIELD
OAK PARK
PASCOE VALE
PASCOE VALE SOUTH
FAWKNER
BROADMEADOWS
COBURG NORTH
C+M is NOW Hiring..
Unmistakably Yours - The Claudio Cuomo Team
Claudio and team,
Need more specific information relating to your property? Or have property related questions..?
Just call the Claudio Cuomo Team - 'Your Area Specialist' and local friends in real estate.
Claudio Cuomo
Area Specialist & Auctioneer
Mobile: 0419 315 396
Email: claudio@cplusm.com.au
Website: claudiomarwan.eview.com.au
Office Phone: (03) 8781 3823
Office Email: hello@cplusm.com.au
Sales Office: 25 Pascoe Street, Pascoce Vale VIC 3044
Rentals Office: 33 Pascoe Street, Pascoce Vale VIC 3044
