quarterly market update
DESCRIPTION
Mornington & Mt Martha East Real Estate StatisticsTRANSCRIPT
Mornington East
& Mount Martha Quarterly Market Report
1st June - 30th September 2014
We are the Mornington/Mt Martha
East Property Specialists!
Blue Water Bay Real Estate are strategically located at Bentons Square
Shopping Centre.
We have chosen our location so that we can offer the best service
possible to the 6000 houses around us. We know and love the area and
are able to deliver the maximum selling price for your home as this is our
area of expertise.
Some agencies have chosen to market and sell over the whole of the
Peninsula, some just the townships of Mornington and Mt Martha (over
45,000 houses)....
We prefer to service our localised area and ensure our market
knowledge is 2nd to none!
Kathy Netherclift, our Director, has helped shape East Mornington and
Mt Martha, with this as her ‘specialty zone’ for 22 years! She developed
blocks for sale and built 100’s of house and land packages before
Bentons Square existed!
This area is far better served from our Bentons Square location. No one
buys a property in our area without calling in and seeing what we have
available. It’s more convenient, has easy parking and is in a high traffic
zone. This ensures the office windows are noticed 24/7.
While you’re relaxing... Our windows are working!
WHAT IS YOUR
HOME WORTH?
Ask the experienced team at
Blue Water Bay Real Estate
Call now for a professional opinion
5976 1188 [email protected]
Blue Water Bay Real Estate
“Sellers Market”, “Buyers Market” -
What do they mean?
Most people have heard the terms “buyer’s
market” and “seller’s market”, but do you
know what they really mean and how they
are determined?
There are many factors which affect the real
estate market – interest rates, employment,
investment growth, legislative changes and
new constructions, to name a few. All of these
factors influence the real estate market in
some way.
In a buyer’s market, there are more homes for
sale than there are buyers. This could be a
result of high unemployment, fear of interest
rate increases or other factors which make
people think twice about purchasing a home
for the first time or moving into a larger home.
The advantage buyers have in a buyer’s
market is that they can typically take their
time and look at all of their options before
buying. Buyers also have more options
because sellers are more anxious to sell.
Overall, home prices may go down in a
buyer’s market.
In a seller’s market, there are fewer homes for
sale to a larger pool of buyers. The factors at
work could be sustained low interest rates,
high employment rate, legislative changes
which make it easier to purchase a property
- events and conditions that make buyers
think it would be a good time to buy a big
ticket item like a home.
The advantage goes to the seller in a
seller’s market – typically home prices will
rise as buyers are quick to make an offer to
secure the property; sometimes buyers will
compete for a property, driving the price
above expectations.
Real Estate Agents are the first to notice
whether we are in a buyer’s or seller’s
market – their business is helping sellers and
buyers with their real estate needs and any
change in the market affects how they
work with their clients and customers.
There is also a statistical measure we use to
determine what kind of market exists – it’s
called the Sales-to-Listing ratio.
In any given month or period, the number
of sales is compared to the number of
listings taken. If the result is 55% or greater –
there are 55 sales for every 100 listings – it is
considered a seller’s market.
If the result is 35% or lower – that is 35 sales
for every 100 listings it is considered a
buyer’s market.
Anything in between is considered a
balanced market. Do you know which
market we are in?
Area Statistics
Non Beachside Mornington & Mt Martha...
Total # of Sales in this area from June 1 to September 30 = 99
BWBRE # of Sales in this area from June 1 to September 30 = 35
“There are 21 Real Estate Agencies in
Mornington & Mt Martha, so trust your home
to the specialists in your area!”
(We also sold 12 Beachside properties this quarter...)
35%
65%
Mornington East
23 Bay Rise
$465,000 30/8/14
586m2 land
3
Mornington East
125 Bentons Road
$Undisclosed 1/9/14
566m2 land
4
Mornington East
2/15 Coimadai Court
$367,500 7/8/14
326m2 land
3
Mornington East
27 Coney Hurst Crescent
$630,000 11/8/14
702m2 land
Mornington East
12 Cottage Place
$600,000 22/8/14
1235m2 land
Mornington East
3 Crowea Way
$717,500 1/9/14
934m2 land
4
Mornington East
2/15 Darcy Street
$205,000 21/7/14
801m2 land
Mornington East
28 Dorothy Crescent
$555,000 3/9/14
560m2 land
4
Mornington East
37 Dorothy Crescent
$475,000 5/8/14
545m2 land
4
Mornington East
22 Ellinbank Crescent
$530,000 6/8/14
660m2 land
4
Mornington East
21 Kent Street
$Undisclosed 7/8/14
696m2 land
3
Mornington East
6 Kenworthy Rise
$560,000 8/9/14
713m2 land
3
Mornington East
27 Kiandra Street
$427,000 28/7/14
593m2 land
3
Mornington East
33 Longwood Drive
$540,000 12/8/14
708m2 land
4
Mornington East
10/10 Maxwell Street
$497,000 15/9/14
3
Mornington East
2/10 Maxwell Street
$510,000 16/7/14
3
Mornington East
5/10 Maxwell Street
$514,000 23/7/14
3
Mornington East
4/10 Maxwell Street
$521,000 15/9/14
3
Mornington East
19 Kent Street
$Undisclosed 14/8/14
Mornington East
2/100 Maxwell Street
$420,000 9/8/14
227m2 land
3
Mornington East
7/14 Maxwell Street
$490,000 23/9/14
238m2 land
3
Mornington East
3/28 Maxwell Street
$515,000 16/7/14
285m2 land
3
Mornington East
14 Meadow View
$Undisclosed 2/9/14
407m2 land
Mornington East
89/150 Mornington Tyabb Rd
$480,000 27/8/14
137m2 land
2
Mornington East
3/1034 Nepean Hwy
$310,000 15/7/14
207m2 land
2
Mornington East
21 Nicholas Drive
$680,000 3/9/14
576m2 land
3
Mornington East
14 Noah Close
$680,000 5/8/14
749m2 land
4
Mornington East
25 Pamela Place
$460,000 12/8/14
599m2 land
4
Mornington East
29 Pamela Place
$441,000 28/8/14
598m2 land
Mornington East
14A Parkside Crescent
$647,000 15/8/14
1000m2 land
4
Mornington East
9 Pender Avenue
$595,000 1/9/14
752m2 land
3
Mornington East
22 Robin Hill Drive
$495,000 24/9/14
679m2 land
4
Mornington East
1 Ruby Cove
$545,000 30/7/14
558m2 land
3
Mornington East
2/10 Maxwell Street
$575,000 30/7/14
542m2 land
4
Mornington East
32 Ruth Road
$1,255,500 31/7/14
2335m2 land
4
Mornington East
8 Scott Street
$542,500 30/8/14
909m2 land
3
Let us come to
the rescue and
get your
property sold!
Mornington East
42 Seaview Avenue
$Undisclosed 19/9/14
713m2 land
6
Mornington East
52 Seaview Avenue
$385,000 8/8/14
371m2 land
2
Mornington East
7 Seaview Avenue
$457,000 10/9/14
685m2 land
3
Mornington East
27 Serenity Way
$760,000 30/7/14
1295m2 land
Mornington East
9/4-6 St Catherine’s Court
$Undisclosed 30/9/14
211m2 land
2
Mornington East
5 Summerfield Drive
$735,000 25/8/14
1290m2 land
2
Mornington East
2/13 Van Ness Avenue
$495,500 22/7/14
1113m2 land
4
Mornington East
11 Wandella Road
$405,000 9/9/14
572m2 land
Mornington East
6 Warilda Court
$470,000 1/9/14
570m2 land
3
Mornington East
30 Wensleydale Drive
$540,000 30/7/14
634m2 land
4
Mornington East
43 Wensleydale Drive
$480,000 14/7/14
664m2 land
4
Mornington East
61 Wensleydale Drive
$510,000 18/7/14
708m2 land
3
Mornington East
12 Van Ness Avenue
$395,000 8/8/14
536m2 land
4
Mornington East
16 Waltham Drive
$490,000 23/9/14
627m2 land
4
Mount Martha
4 Bannie Lane
$Undisclosed 12/9/14
4712m2 land
4
Mount Martha
6 Bayfield Court
$402,700 5/9/14
448m2 land
3
Mount Martha
13/90 Bentons Road
$420,000 21/7/14
334m2 land
3
Mount Martha
6 Caroline Court
$510,000 23/8/14
558m2 land
3
Mount Martha
12 Century Drive
$930,000 19/8/14
1014m2 land
5
Mount Martha
2 Century Drive
$965,000 28/7/14
1361m2 land
4
Mount Martha
6 Clydesdale Court
$695,000 2/8/14
801m2 land
3
Mount Martha
12 Dulnain Street
$355,000 4/8/14
345m2 land
Mount Martha
5/15 Dulnain Street
$520,000 17/9/14
3
Mount Martha
8/15 Dulnain Street
$425,000 16/7/14
4
Mount Martha
171 Dunns Road
$480,000 22/7/14
757m2 land
3
Mount Martha
3 Esperance Court
$530,000 23/7/14
512m2 land
3
Mount Martha
14A Frances Drive
$506,000 21/7/14
519m2 land
3
Mount Martha
12 Galilee Court
$Undisclosed 1/8/14
634m2 land
3
Mount Martha
12 Green Island Avenue
$585,000 8/7/14
545m2 land
Mount Martha
10/60 Green Island Avenue
$570,000 12/8/14
286m2 land
3
Mount Martha
6 Hakea Drive
$550,000 16/7/14
1237m2 land
3
Mount Martha
1 Harrap Road
$475,000 17/7/14
860m2 land
4
Mount Martha
5/125 Harrap Road
$Undisclosed 23/9/14
205m2 land
3
Mount Martha
2/90 Harrap Road
$360,000 10/7/14
N/A m2 land
2
Mount Martha
4/25 Harrap Road
$329,500 24/9/14
247m2 land
2
Mount Martha
11/76 Harrap Road
$490,000 15/9/14
N/A m2 land
Mount Martha
15/76 Harrap Road
$479,000 15/9/14
N/A m2 land
Mount Martha
9 Hereford Court
$630,000 28/8/14
560m2 land
4
Mount Martha
1 Kaylene Court
$Undisclosed 2/8/14
1210m2 land
4
Mount Martha
2/12 Kerry Avenue
$220,000 21/8/14
430m2 land
Mount Martha
25 Layton Crescent
$577,000 8/7/14
767m2 land
4
Mount Martha
5 Marriott Drive
$Undisclosed 23/8/14
799m2 land
Mount Martha
62 Marriott Drive
$Undisclosed 31/7/14
576m2 land
5
Mount Martha
62 Marthas Ridge Drive
$730,000 21/8/14
614m2 land
3
Mount Martha
35 Meadow Crest Circuit
$430,000 7/8/14
399m2 land
3
Mount Martha
6 Meadow Crest Circuit
$420,000 25/8/14
312m2 land
3
Mount Martha
3 Melaleuca Road
$455,000 2/8/14
994m2 land
3
Mount Martha
5 Mondana Way
$495,000 9/9/14
513m2 land
4
Mount Martha
5 Oak Grove
$Undisclosed 26/7/14
1194m2 land
4
Mount Martha
54 Paperbark Drive
$570,000 30/8/14
681m2 land
4
Mount Martha
18 Settlers Way
$380,000 15/7/14
353m2 land
3
Mount Martha
4 Swales Court
$465,000 15/9/14
649m2 land
3
Mount Martha
3 Tangerine Court
$488,000 12/8/14
604m2 land
3
Mount Martha
9/8 Tangerine Court
$430,000 21/7/14
238m2 land
3
Mount Martha
41 Trafalgar Square
$540,000 19/7/14
574m2 land
4
Mount Martha
2 Harrap Road
$460,000 17/7/14
N/A m2 land
4
Mount Martha
19 Flora Road
$428,000 26/9/14
770m2 land
3
Mount Martha
10/125 Harrap Road
$466,000 25/9/14
N/A m2 land
3
Mount Martha
3 Elspeth Road
$554,000 26/9/14
540m2 land
4
Mount Martha
7 Ruby Cove
$472,000 30/9/14
N/A m2 land
4
Mount Martha
8 Acacia Street
$450,500 29/9/14
661m2 land
3
Mount Martha
2 Settlers Way
$381,000 30/9/14
592m2 land
3
Mount Martha
4 Layton Cres-
$523,000 25/7/14
N/A m2 land
3
KATHY NETHERCLIFT 0417 007 722
Director, Licensed Estate Agent
Being a local Real Estate agent for
the last 22 years, Kathy’s
experience and genuine passion
for property in this area is second
to none! Her reputation for integrity
& outstanding results has lead to
strong business growth which is
built on referrals & repeat business.
DARREN HOOD 0419 666 126
Director, Licensed Estate Agent
& Property Specialist
Selling, marketing and negotiat-
ing has been Darren’s business for
the last 23 years, and he is well
known for his friendliness & ability
to put people at ease! Darren
loves to make buying
and selling homes fun!
THE DIRECTORS...
JADE HADERUP 5976 1188
Sales Support & Office Supervisor
Jade is our manager of “first
impressions”, she embraces her
role with enthusiasm, efficiency
and a sunny disposition. She is or-
ganised, approachable and a
great communicator!
SARAH WALSH
Assistant Property Manager
Sarah joined Blue Water Bay Real
Estate with over eight years
experience within the Real Estate
industry, in many various roles
including Property Management,
Holiday Rental & Sales Support!
DEBORAH BOLTON
Property Manager
Deborah has lived on the
Mornington Peninsula for over 20
years & brings a wealth of
experience to the BWBRE Property
Management department. Her
commitment to both landlords &
tenants displays her enthusiasm to
the Real Estate industry!
EMMA BATES
Assistant Property Manager
Emma joined our Property
Management team as our
Department grew. Her attention to
detail and bubbly nature ensures
a great customer service
experience for landlords and
tenants alike.
DARREN SADLER 0417 916 820
Property Specialist
Specialising in the Bentons areas is
the key to our success. Couple that
with listening to what people want
and treating them with respect and
you have the ingredients for an
enjoyable experience, buying or
selling!
JANA LANGENBERG 5976 1188
Sales Assistant
Bringing her sales and customer
service background combined with
her bright and enthusiastic nature,
As sales assistant she ensures all
administration runs smoothly &
customer service remains excellent.
THE SALES TEAM...
PROPERTY MANAGEMENT TEAM...
OFFICE ADMINISTRATION...
Words from my clients...
Spring is nature’s way of saying, “It’s time for a change!”
“Hi, my name is
Darren, and I am
YOUR local agent.”
Thinking of
Selling this
Spring? Look for an agent ready to do the
work for you. A Free Market Appraisal
is a great start, it gives you the peace
of mind of knowing where you stand in
the market.
Call me for a free market appraisal
and let’s discuss your options.
I would like to commend Darren
Sadler for his professionalism in the
sale of my home. Darren was always
pleasant, helpful and sincere, never
pushy. He wasted no time bringing
prospective buyers through the home
on a regular basis. The thought of
selling my home had filled me with
dread, but Darren did everything he
could to reduce the stress.
Darren,
Thank you for going above and beyond
in the sale of our house. Having dealt
with other real estate agents since, we
have come to truly appreciate the
service you provided us.
All the very best for the future, we will
have no hesitation in recommending
you to our family and friends.
I would like to take this opportunity to
thank Darren Sadler and the team at
Blue Water Bay Real Estate for the sale of
my property. I appreciated being kept
informed of inspections and receiving a
report each week after the open days. I
was also very pleased that my house
sold within the price range quoted by
Darren. Overall I would recommend the
services of Blue Water Bay
Darren Sadler
Property Specialist
M 0417 916 820
It’s all about...
Caroline Court, Mount Martha Mondana Way, Mount Martha Crowea Way, Mornington
Warilda Court, Mornington Hereford Court, Mount Martha Pender Avenue, Mornington
The Spring selling season is here and homes are selling in record time.
We are taking bookings for SOLD signs
So if you want to see a sign outside your home, call the
Blue Water Bay Team and ask for your FREE market appraisal!
SOLD
IN 1
DAY
SOLD
OVER
THE
ASK
ING
PRICE
IN 6
DAYS
SOLD
FOR R
ECO
RD
PRIC
E IN
2 D
AYS
SOLD
IN 4
DAYS
SOLD
IN 1
DAY
SOLD
IN 8
DAYS
Crowea Way, Mornington Dorothy Crescent, Mornington Nichols Drive, Mornington
Pender Avenue, Mornington Coimadai Court, Mornington Kenworthy Rise, Mornington
The Spring selling season is here and homes are selling in record time.
We are taking bookings for SOLD signs
So if you want to see a sign outside your home, call the
Blue Water Bay Team and ask for your FREE market appraisal!
SOLD
IN 1
0 DAYS
SOLD
IN 4
DAYS
SOLD
IN 6
DAYS
SOLD
IN 1
2 DAYS
Shop 37A Bentons Square Shopping Centre
Mornington, VIC, 3931
P 03 5976 1188
www.bwbre.com.au
“Our approach is based on creating long lasting, genuine
relationships, that withstand the test of time...”