Quarterly Market Report Mosman

Page 1

QUARTERLY

Mosman Apartments & Townhouses

market

REPORT MOSMAN Quarter 4, 2016

whyurbanliving.com


WHEN numbers Count Mosman apartment and townhouse market had a strong end to 2016, with increased growth from the previous Quarter (3) across all areas. The average medium price for 1 bedroom apartments in Mosman has tipped over $700,000 and 2 bedroom apartments has now exceeded $1.2 million. The big increase for this quarter came from 3 bedroom category, with some big sales which blew out the average sale price to over $2million dollars. When we compare this to last quarter, it was sitting at around $1.7m. There were 7 more properties offerred in Quarter 4 than Quarter 3. In the fourth quarter of 2016 (October to December), there were a total of 106 apartments/townhouses sold in Mosman, with an average selling price of $1,358,707. When you compare it to the third quarter of 2016, which had an average selling price of $1,069,186, this indicates an increase of $289,521 or a 27% growth. We are constantly asked how will 2017 fare? We believe while we remain in a low interest rate environment, coupled with strong buyer demand and limited properties being offered - we are expecting 2017 to be a another strong year with consistent growth. If you are considering selling, now is a great time to capitalise on this very active market. We would love the opportunity to confidentially discuss your next move.

MOSMAN STATISTICS Average Price

No. Sold

Difference from Q3, 2016

$748,363

21

+$101,092

1 bed 2 bed

$1,207,217

47

+$127,366

3 bed

$2,349,600

20

+$611,850

4 bed

$2,400,000

2

5 bed

$3,150,000

1

AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS $1,300,000 $1,185,000 $1,070,000 $955,000 $840,000 $725,000 $610,000 $495,000 $380,000 $265,000 $150,000

Dec 15

Jan16

Feb16

Mar16

Apr16

Mosman

May 16

Jun 16

Jul16

Aug 16

Mosman LGA

Sep16

Oct16

Nov 16


WHEN numbers Count

OUR RECENT SALES

Street Address

Beds

Baths

Cars

Price

Total SQM

14/137 Belmont Rd

1

1

1

Not Disclosed

64

6/71 Bradleys Head Rd

1

1

1

$822,000

75

11/71 Bradleys Head Rd

1

1

2

Not Disclosed

79

9/3 Clifford St

1

1

1

$660,000

57

5/2A Dalton Rd

1

1

1

$865,000

211/55 Harbour St

1

1

1

$785,000

10/22 Melrose St

1

1

0

Not Disclosed

1/40A Musgrave Street

15/361 Military Rd

1

1

1

$745,000

83

105/363 Military Rd

1

1

1

$650,000

72

201/363 Military Rd

1

1

1

Not Disclosed

409/450 Military Rd

1

1

1

$695,000

74/43 Musgrave St

1

1

1

Not Disclosed

10/129-133 Spit Rd

1

1

1

$775,000

1/146 Spit Rd

1

1

1

Not Disclosed

25/164 Spit Rd

1

1

1

Not Disclosed

15/170 Spit Rd

1

1

1

Not Disclosed

35/170 Spit Rd

1

1

1

$725,000

75

82/75 Spofforth St

1

1

1

$1,050,000

84

85/75 Spofforth St

1

1

1

$650,000

58

208/88 Vista St

1

1

1

$725,000

3/19 Warringah Rd

1

1

0

$615,000

40

5/1 Esther Road

2

1

0

$1,385,000

88

2/4 Esther Rd

2

1

0

Not Disclosed

70/6 Hale Rd

2

1

1

$1,250,000

115/6 Hale Rd

2

2

1

$1,215,000

71

2/86 Avenue Road

129

9/3 Cliffford Street

205/710 Military Road

2/116 Avenue Rd

2

1

2

$1,410,000

180

9/163 Avenue Rd

2

1

0

$1,030,000

79

22/16 Bardwell Rd

2

2

1

Not Disclosed

115

35/16 Bardwell Rd

2

2

1

$1,298,000

198

9/68 Bradleys Head Rd

2

1

0

$1,015,000

72

7/40 Stanton Road


WHEN numbers Count Street Address

Beds

Baths

Cars

Price

6/69 Bradleys Head Road

2

5/11-17 Clifford Street

2

5/17-23 Heydon Street 6/1 Mandolong Road

Total SQM

2

1

$1,300,000

151

2

2

$1,425,000

237

2

1

1

$1,000,000

91

2

2

1

$1,925,000

15/1-5 Mandolong Road

2

2

1

$1,780,000

12/7 Mandolong Road

2

1

1

Not Disclosed

5/6A Mcleod Street

2

1

0

$950,000

76 117

8/23 Mcleod Street

2

2

1

$1,445,000

5/161 Middle Head Road

2

1

1

$827,000

63

1G/361 Military Road

2

2

1

$1,020,000

118

10/492 Military Road

2

1

1

$776,000

80

1/536 Military Road

2

2

1

$1,615,000

6/661 Military Road

2

1

1

$1,180,000

108

205/710 Military Road

2

2

1

$1,661,000

127

5/822 Military Road

2

1

1

$1,200,000

5/832 Military Road

2

1

1

$1,066,000

7/832 Military Road

2

1

1

$1,260,000

12/880 Military Road

2

1

1

Not Disclosed

1/13 Moruben Road

2

1

0

$980,000

3/17 Moruben Road

2

1

1

$1,285,000

6/6B Mosman Street

2

1

1

$1,200,000

2/2 Musgrave Street

2

1

0

Not Disclosed

91

4/2 Musgrave Street

2

1

0

Not Disclosed

4/21 Musgrave Street

2

1

1

$1,450,000

1/40A Musgrave Street

2

2

1

$1,185,000

113

6A/74 Prince Street

2

1

1

$925,000

110 115

135

7A/74 Prince Street

2

1

2

$982,000

1/15 Prince Albert Street

2

2

1

$2,440,000

2/59 Prince Albert Street

2

1

0

$875,000

12/12 Punch Street

2

1

1

$825,000

83

2/14 Queen Street

2

1

1

$1,195,000

106

7/2 Raglan Street

2

1

1

$1,102,000

98

29/17 Raglan Street

2

1

1

$2,680,000

113

2/76 Raglan Street

2

1

0

$1,530,000

85


WHEN numbers Count Street Address

Beds

Baths

Cars

Price

Total SQM 59

2/88 Raglan Street

2

1

0

$815,000

3/255 Raglan Street

2

1

0

Not Disclosed

6/18 Somerset Street

2

1

1

$910,000

1/49 Spit Road

2

1

0

$787,000

6/53 Spit Road

2

1

1

$875,000

2/170 Spit Road

2

1

1

$802,000

1/43 Stanton Road

2

1

1

$1,170,500

12/34 Upper Fairfax Road

2

1

0

$1,105,000

93

2/41 Almora Street

3

2

2

$4,200,000

255

Not Disclosed

1/7 Arbutus Street

3

3

2

2/86 Avenue Road

3

2

1

$1,825,000

20B/2 Brady Street

3

2

2

$2,350,000

8/83 Cabramatta Road

3

2

2

$1,930,000

8/11-17 Clifford Street

3

2

2

$2,125,000

11/105 Cowles Road

3

2

2

$1,620,000

2/110 Cowles Road

3

2

1

Not Disclosed

141/6 Hale Road

3

1

2

Not Disclosed

7/8 Heydon Street

3

2

2

$2,075,000

107/710 Military Road

3

2

2

$2,150,000

1/1 Musgrave Street

3

2

2

Not Disclosed

1/2 Musgrave Street

3

1

0

Not Disclosed

6/50-56 Muston Street

3

3

1

Not Disclosed

8/50 Muston Street

3

2

2

$2,950,000

12/50 Muston Street

3

2

2

$2,900,000

4/61 Prince Street

3

1

0

Not Disclosed

39/17 Raglan Street

3

2

2

Not Disclosed

4/145 Raglan Street

3

2

2

Not Disclosed

7/40 Stanton Road

3

2

2

$1,521,000

4/15 Warringah Road

3

0

0

Not Disclosed

2/75B Muston Street

4

3

2

Not Disclosed

6/8 Park Avenue

4

2

2

Not Disclosed

19A Park Avenue

4

3

2

$2,400,000

1/4 Park Avenue

5

4

2

$3,150,000

189 195

233

150


Urban Living by LJH is a boutique agency completely devoted to apartment and townhouse sales. Lead and managed by respected agents Clare and Jason Passlow, Urban Living by LJH recognises and understands that selling a strata titled property requires a completely different strategy to selling a house. Call them today for a conďŹ dential discussion.

Why Choose Us 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 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

whyurbanliving.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.

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