Quarterly Market Report
Apartments and Townhouses | Mosman
Quarter 4 - 2015
Mosman
Your Local
Mosman saw significant growth in the last quarter of 2015, with 3 bedroom apartments showing particularly strong growth with a whopping 34% increase in prices when compared to the third quarter. Interestingly, both 1 and 2 bedroom prices saw almost no variation from the previous quarter, which are good indicators that the local property market is stabilising. What is yet to be determined is whether or not this calmer, consistent trading will continue through into the summer selling quarter (January to March), which are notoriously active months. In the fourth quarter of 2015 (October to December), there were a total of 75 apartments/townhouses sold in Mosman, with an average selling price of $1,166,446. When you compare it to the third quarter of 2015, which had an average selling price of $1,006,984, this indicates a sizable increase of $159,462. The New Year brings new opportunities and new resolutions for many in the property market. The Lower North Shore and our office are still experiencing consistently good clearance rates and strong buyer demand. 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 Q3, 2015
$642,628
14
-$2,050
1 bed 2 bed
$966,895
48
-$530
3 bed
$2,052,291
12
+$518,363
4 bed
$8,400,000
1
+$5,300,000
AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS $1,050,000 $960,000 $870,000 $780,000 $690,000 $600,000 $510,000 $420,000 $330,000 $240,000 $150,000
Dec 14
Jan 15
Feb 15
Mar 15 Mosman
Apr 15
May 15
Jun 15
Jul 15
North Sydney LGA
Aug 15
Sep 15
Oct 15
Nov 15
Mosman
Your Local
Street Address
Beds
Baths
Cars
Price
7/3 Clifford Street
1
1
1
$573,000
102/100 Glover Street
1
1
1
$764,800
101/55 Harbour Street
1
1
1
$727,500
15/9 Mandolong Road
1
1
0
$601,000
7/10 Muston Street
1
1
0
$580,000
14/63 Prince Albert Street
1
1
0
$633,500
5/54 Raglan Street
1
1
0
$575,000
17/2 Raglan Street
1
1
1
$970,000
25/75 Spofforth Street
1
1
1
$580,000
12/3 Belmont Road
2
2
1
$1,200,000
3/8 Clifford Street
2
2
1
$1,450,000
5/1 Esther Road
2
1
0
$1,300,000
1/7 Mandolong Road
2
1
1
$710,000
4/70-72 Middle Head Road
2
2
0
$920,000
8/600 Military Road
2
2
1
$830,000
1/21 Musgrave Street
2
2
1
$1,400,000
5/86 Shadforth Street
2
1
1
$1,100,000
17/180 Spit Road
2
1
1
$850,000
6/7 The Esplanade
2
1
1
$1,800,000
5/83-87 Cabramatta Road
3
3
2
$1,695,000
11/37 Moruben Road
3
2
2
$2,800,000
3/4-6 Muston Street
3
1
1
$1,650,000
2/61 Prince Street
3
2
2
$1,985,000
10/8 Punch Street
3
1
1
$1,012,500
2/17 Raglan Street
3
2
2
$2,500,000
5/3 The Esplanade
3
2
2
$1,545,000
12/22 Bent Street
3
2
2
$1,460,000
OUR RECENT SALES
3, 4 & 7/20 Musgrave Street
2/38 Musgrave Street
3/21 Mcleod Street
8/600 Military Road
89/6 Hale Road
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 Rutledge 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 “Two units on the market for less than one week. Both sold at the top of our expectations. Handled professionally. What more do you want?” – Cliff Turner I found Clare absolutely fantastic to deal with. Clare walked me through the whole process of the sale one step at a time, clearly explaining what I needed to do or where everything was at. I found Clare motivated and honest. Overall I am tremendously pleased with her efforts and would insist anyone who sold an apartment went through her. – Hamish McKibbin
CONTACT YOUR URBAN LIVING SPECIALISTS Clare Rutledge D 8969 4149 M 0422 004 825 E crutledge@ljhooker.com
Jason Passlow D 8969 4162 M 0402 182 632 E jpasslow@ljhooker.com
LJ Hooker House 102 Glover Street Mosman NSW 2088 9969 1500 mnb.ljhooker.com.au
Daniel Campbell D 8969 4121 M 0432 736 745 E dcampbell@ljhooker.com 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.