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OFF MARKET – QUIET SALES

OFF MARKET – QUIET SALES – In our comments we feel it important to respect privacy hence some of our vagueness.

Current Off Markets and Quiet Sales that we feel are genuinely for sale over $1m
Booroondara – 8
Stonnington – 4
Bayside – 5
Port Phillip – 2
Glen Eira – 1
Other Councils – 3

In the last week a number of quiet and off market sales took place.

Monomeath Avenue – Large , modern house but with floor plan and flow issues – sold to an overseas buyer at $9,000,000 for 33,000 sq feet for an average of $270 per sq foot including improvements. This property had been on the market with a number of different agents for many months and last year the asking price was considerably higher. Tim Derham of Abercrombys was the selling agent.

Scotch Hill – 22,000 sq feet with a very solid Federation/Edwardian period home in need of substantial renovation sold end at the end of last week for a price believed to be over $6million. This was a strongish result as this sort of price would have been expected last year – however it was a good property in a good position and these kinds of properties always attract interest. Michael Armstrong and Michael Gibson of were the selling agents.

$3-Million-Plus May Results

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JAMES HOME RATINGS
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Mal's Latest Ratings
23 SHAKESPEARE GROVE
592
/1000
HAWTHORN
56 METUNG STREET
703
/1000
BALWYN
18 ARRANMORE AVENUE
692
/1000
BLACK ROCK
33 DAVIS STREET
593
/1000
KEW
24 ST NINIANS ROAD
713
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BRIGHTON
21 MOWBRAY STREET
825
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HAWTHORN EAST
1A COLLEGE PLACE
720
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ALBERT PARK
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738
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TOORAK
15 AVONDALE ROAD
802
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ARMADALE
4 RIVERSDALE COURT
607
/1000
HAWTHORN
4 STEWART STREET
797
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BRIGHTON
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