Property Market Update Stonnington
Edition 2, 2020 The recent COVID-19 Stage 4 restrictions will obviously have an indelible effect on all Victorians, and we appreciate that big decisions about property or changing lifestyle may not be top of mind for most of you. We are also acutely aware of the pressures many of you will be feeling during this time and we wish you and those close to you the very best of health and a safe path out of this crisis. Despite the demanding times, many of our clients continue to buy and sell homes in the highly sought-after areas of Melbourne we serve and we felt a review of the property market in your local area might serve as a welcome distraction.
Jack Moss M 0439 378 954 P 9822 9999 E jack.moss@marshallwhite.com.au
We look forward to a brighter Spring and a return to a 'new normal' where we can again be close to family and friends, and for many of us, a time when we can enjoy Melbourne's favourite pastime - property! Stay safe and please reach out should you require any assistance or just a little advice.
From the Agent Jack Moss's take on the market this quarter
While it has been a very challenging time for all Melburnians, the property market has shown remarkable resilience in the face of the many obstacles created by the COVID-19 pandemic. During our first lockdown we were able to adapt and pivot towards online and digital solutions that enabled both vendors and buyers to continue to transact property safely and successfully. There has also been a surge in discreet off market sales. In the brief period when onsite auctions were permitted, the strength of the market was evidenced by auction clearance rates that had returned to the high numbers we saw in the pre-COVID months. Despite media predictions, prices have remained relatively stable with quality property performing particularly well. Now that we are heading towards spring, we are experiencing increased traffic on all real estate websites, with buyers hoping for an influx of new property on the market.
22 Epping Street, Malvern East - 4 Bed / 2 Bath / 2 Car
Feature Property 22 Epping Street, Malvern East - 4 Bed / 2 Bath / 2 Car
In the Gascoigne Estate, Edwardian elegance is artfully complemented by sophisticated architectural design to create a breathtaking family home. The sun drenched open plan living area with marble Miele kitchen opens out to the north facing deck with inbuilt barbecue and lush backyard. A second formal living area includes an open fireplace and inbuilt shelves. The generous ensuite main bedroom features walk in robes, while three additional spacious bedrooms are equipped with robes. A second bathroom, study, laundry and parking for two cars complete the home.
A Word From My Clients Jack had been assisting us in purchasing a home for the best part of a year. Although we had other agents from other agencies also assisting, it was Jack who displayed outstanding customer service; he kept in regular contact with presenting potential properties on & off market (most other agents needed prompting), and responded to all queries promptly and with courtesy & respect - nothing was too much hassle. His knowledge of the market is also outstanding which kept us on track at all times. Buyer in Malvern East
Both Jack and Andrew were the consummate team of professional's to find the short list of potential buyers over the campaign. We trusted their guidance which resulted in a sale, over market expectations. They provided key weekly stats on web page click through's as well as guidance on tradesman. It was evident from the weekly info sessions that Jack worked hard to follow up interested parties. Greg and Debbie Lanyon
Some of Our Exceptional Results
30 Trinian Street, Prahran
15 Brixton Rise, Glen Iris
371 Waverley Road, Malvern East
3 2 1 Sold in the vicinity of $2,250,000
3 1 1 Sold for $1,510,000
4 3 2 Sold for $2,105,000
7 Royal Crescent, Armadale
1762-1764 Malvern Road, Malvern East
20 Boston Avenue, Malvern East
4 2 2 Sold for an undisclosed price
4 2 3 Sold for $1,801,000
4 2 3 Sold for $2,150,000
20 Emo Road, Malvern East
1b Haverbrack Avenue, Malvern
14 Kerferd Street, Malvern East
2 1 2 Sold for $1,350,000
2 2 2 Sold for an undisclosed price
4 3 2 Sold for an undisclosed price