QMR Cremorne Quarter 1 - 2016

Quarterly Market ReportApartments and Townhouses | Cremorne

Quarter 1 - 2016

Your LocalCremorneCremorne saw an 11% growth across all apartment and townhouses this quarter 2 bedroom apartments increased by 10% and there were fewer 3 bedroom apartments offered for sale. This quarter 1 bedrooms saw the price stay very similar with a difference of $4,667 on the average selling price. However, the largest variation from last quarter were 3 bedroom apartments which saw a 19% drop in the average price for the quarter. Fewer properties were transacted in this quarter with 9 fewer properties being sold.

In the first quarter (January to March), there were a total of 44 apartments/townhouses sold in Cremorne, with an average selling price of $1,079,145. When you compare it to quarter 4 of 2015, of $1,063,440, this indicates a marked increase of $15,705 or 1%.

Now is a great time to sell as stock levels remain tight. There could possibly be some uncertainty later in the year with a pending election which generally makes buyers pause and be more cautious. We would love the opportunity to discuss your next move.

Average Price No. Sold Difference from Q4, 2015

1 bed $645,250 6 +$4,667

2 bed $1,024,868 25 +$103,160

3 bed $1,343,000 9 -$264,000

4 bed $1,767,500 4

CREMORNE STATISTICS

AVERAGE SALES PRICES TRACKED OVER THE LAST 12 MONTHS

Cremorne North Sydney LGA

$1,150,000

$1,050,000

$550,000

$650,000

$750,000

$450,000

$850,000

$950,000

$250,000

$350,000

$150,000

Dec 15 Jan 16 Feb 16Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15

Your LocalCremorne

OUR RECENT SALES

2/2 Oaks Avenue

31/25 Hampden Avenue

6/29 Rangers Road

2/32 Waters Road

4/19 Reynolds Street

Street Address Beds Baths Cars Price

4/11 Harrison Street 1 1 1 $695,000

310/2 Langley Avenue 1 1 1 $620,000

408/2 Langley Avenue 1 1 1 $670,000

18/78 Spofforth Street 1 1 1 $596,000

9/24 Bennett Street 2 1 1 $808,000

34/114 Cabramatta Road 2 2 1 $880,000

27/1 Cranbrook Avenue 2 1 1 $1,100,000

1/18-22 Cranbrook Avenue 2 1 1 $835,000

12/40 Gerard Street 2 1 1 $890,000

41/47 Gerard Street 2 1 1 $850,000

7/97 Gerard Street 2 1 1 $920,000

13/16-18 Harrison Street 2 2 1 $1,540,000

29/20 Harrison Street 2 1 1 $1,160,000

31/25 Hampden Avenue 2 1 1 $955,000

1/62 Murdoch Street 2 1 1 $885,000

7/74-76 Murdoch Street 2 1 1 $980,000

12/74 Murdoch Street 2 1 1 $1,010,000

2/30-34 Parraween Street 2 1 1 $1,107,500

1/14 Reed Street 2 2 3 $1,581,000

105/125 Spencer Road 2 2 2 $1,020,000

105/131 Spencer Road 2 2 2 $1,020,000

1/31-35 Sutherland Street 2 1 1 $855,000

1/12 Harrison Street 3 2 1 $1,650,000

2/2 Oaks Avenue 3 2 2 $1,420,000

9/14 Rangers Road 3 2 2 $1,070,000

11/29 Rangers Road 3 2 1 $1,300,000

1/33 Rangers Road 3 1 2 $1,275,000

8/41 Sutherland Street 4 2 0 $1,950,000

2/32 Waters Road 4 2 2 $1,585,000

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?

“I engaged Urban Living by LJH to sell my apartment in Cremorne, because they are apartment specialists. From start to finish Jason and Clare were professional and hardworking and never lost sight of the end goal – to maximise my sale price. They constantly kept me up to date with feedback from buyers and I trusted in their process and strategies which resulted in a great price. I would have no hesitation in recommending Urban Living by LJH.”

David Scambler

CONTACT YOUR URBAN LIVING SPECIALISTS

LJ Hooker House102 Glover Street

Mosman NSW 20889969 1500

mnb.ljhooker.com.au

Clare PasslowD 8969 4149M 0422 004 825E [email protected]

Daniel CampbellD 8969 4121M 0432 736 745E [email protected]

Jason PasslowD 8969 4162M 0402 182 632E [email protected]

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.

Michael PembrokeD 8969 4145M 0432 226 945E [email protected]