Quarterly Market Report
Apartments and Townhouses | Mosman
Quarter 1 - 2016
Mosman
Your Local
Mosman saw further growth overall in the first quarter of 2016, with 2 bedroom apartments showing a slight increase in prices when compared to the fourth quarter of last year. Interestingly, there was a slight decrease in 1 bedroom prices from the previous quarter, despite the very similar number of properties offered. Now that the summer selling quarter has come to a close, what has been interesting to observe is a period of strong and consistent trading, with a 91% clearance rate for Mosman apartments this quarter. In the first quarter of 2016 (January to March), there were a total of 71 apartments/townhouses sold in Mosman, with an average selling price of $1,289,563. When you compare it to the fourth quarter of 2015, which had an average selling price of $1,166,446, this indicates a sizable increase of $123,117. Since October 2015, the media has extensively reported a drop in prices across Sydney. However, with an average increase in prices of $282,579 in the last 6 months, it’s safe to say the Lower North Shore really didn’t experience this. Given the current market conditions, there is no reason to believe that this trend is going to change, and Urban Living by LJH is still experiencing strong buyer demand and a 100% success rate at auction in 2016 thus far. Now is a great time to sell and we would love to have a discussion with you regarding your next move.
MOSMAN STATISTICS Average Price
No. Sold
Difference from Q4, 2015
1 bed
$620,821
15
-$21,807
2 bed
$970,680
31
+$3,785
3 bed
$1,967,692
20
-$84,599
4 bed
$3,983,333
3
-$4,416,667
AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS $1,100,000 $1,005,000 $910,000 $815,000 $720,000 $625,000 $530,000 $435,000 $340,000 $245,000 $150,000
Mar 15
Apr 15
May 15
Jun 15 Mosman
Jul 15
Aug 15
Sep 15
Oct 15
North Sydney LGA
Nov 15
Dec 15
Jan 16
Feb 16
Mosman
Your Local
Street Address
Beds
Baths
Cars
Price
12/9 Mandolong Road
1
1
0
$602,500
24/669 Military Road
1
1
1
$800,000
5/54 Raglan Street
1
1
0
$590,000
8/160 Raglan Street
1
1
1
$720,000
1/20 Rawson Street
1
1
0
$555,000
16/102 Spit Road
1
1
1
$650,000
7/146 Spit Road
1
1
1
$520,000
409/88 Vista Street
1
1
0
$639,000
10/165 Avenue Road
2
1
0
$800,000
4/90 Bradleys Head Road
2
1
1
$910,000
8A/112 Cowles Road
2
2
1
$1,380,000
502/55 Harbour Street
2
2
1
$958,000
106/732 Military Road
2
2
1
$1,225,000
6/1 Millett Road
2
1
1
$780,000
26/3 Mosman Street
2
1
1
$1,120,000
20/55 Prince Albert Street
2
1
0
$870,000
4/76 Raglan Street
2
1
0
$1,290,000
6/182 Raglan Street
2
2
1
$880,000
2/39 Spofforth Street
2
1
0
$865,500
1/4 Thompson Street
2
1
1
$1,400,000
104/88 Vista Street
2
2
1
$861,000
13/1A Bond Street
3
3
2
$1,600,000
32A/2 Brady Street
3
2
2
$2,500,000
8/30 Gouldsbury Street
3
2
2
$2,360,000
10/50-56 Muston Street
3
2
2
$2,850,000
34/98 Ourimbah Road
3
1
1
$835,000
2/100 Ourimbah Road
3
2
2
$1,300,000
3/14 Parriwi Road
3
2
2
$2,600,000
1/17 Royalist Road
3
2
2
$1,850,000
15/8 Earl Street
4
2
2
$3,100,000
1/74 Raglan Street
4
2
2
$2,400,000
OUR RECENT SALES
15/1A Bond Street
502/55 Harbour Street
4/76 Raglan Street
9/247 Raglan Street
3/21 Mcleod Street
Urban Living by LJH is a specialist real estate agency devoted to apartment and townhouse sales. Having identified a genuine lack of real estate expertise purely servicing the apartment and townhouse market on the Lower North Shore, LJ Hooker Mosman proudly launched Urban Living by LJH, a boutique agency devoted to apartment and townhouse sales. Lead and managed by respected agents Clare Passlow and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a family home.
WHY CHOOSE US? “Jason was professional, down to earth and not pushy. He was always there to listen and attune to different generation’s needs. He took the time to explain everything and we were involved with every step of the process. He made us feel comfortable the whole journey. I would highly recommend Jason and will definitely be using him again.” - Jessica Sapier “Their guidance, market knowledge & negotiation skills were outstanding. Their honest & professional approach put us at ease and gave us complete confidence in them throughout the selling process. We are extremely happy with the result and would have no hesitation in recommending them to anyone looking to sell their property.” - Trudy and Michael Hoy
CONTACT YOUR URBAN LIVING SPECIALISTS Clare Passlow D 8969 4149 M 0422 004 825 E cpasslow@ljhooker.com
Jason Passlow D 8969 4162 M 0402 182 632 E jpasslow@ljhooker.com
Daniel Campbell D 8969 4121 M 0432 736 745 E dcampbell@ljhooker.com
Michael Pembroke D 8969 4145 M 0432 226 945 E mpembroke@ljhooker.com
LJ Hooker House 102 Glover Street Mosman NSW 2088 9969 1500 mnb.ljhooker.com.au
Disclaimer: this document is not intended to demonstrate that LJ Hooker was the selling agent for all of these properties. This report shows 3 months of sold properties, however the median prices and market growth is calculated over a 12 month period. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.