The Great Wall of Seaforth
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It would appear that there is only one person who has really opposed the recent installation of the pedestrian fence through Seaforth Village – the individual that didn’t quite turn enough going around the round-about & plunged into it!
Although the fence was installed with minimum community consultation & strong opposition from those aware of the plan, it appears that the locals have been getting on with life without too much disruption after all.
It certainly hasn’t been keeping the buyers out of the local inspections, with the average attendance of our ”opens” approximately 25% above what was experienced at the end of 2009 – another indicator the market is continuing to go from strength to strength.
Below, we continue the review of our local suburbs Sales Activity over the past few years. Today we have analysed the sales for Balgowlah between 2007 & 2010 – it makes for interesting reading!
Balgowlah sales so far in 2010* (House / Townhouse / Semi)
Total number listed 20
Total number of sales recorded 4
Total Value Sold $6,025,750
Public Auction No Properties
Private Treaty 4 properties $6,025,750 (Total Value)
Average Price $1,506,437
Highest Sale $ 1,950,000
Balgowlah Sales in 2009* (House / Townhouse / Semi)
Total number listed 126
Total number of sales recorded 124
Total Value Sold $132,461,766
Public Auction 22 Properties $ 27,690,000 (Total Value)
Public Auction Average $ 1,258,636
Private Treaty 94 Properties $104,771,766 (Total Value)
Private Treaty Average $ 1,114,593
Median Price $ 1,100,000
Average Price $ 1,141,911
Highest Sale $ 2,250,000
Balgowlah Sales in 2008* (House / Townhouse / Semi)
Total number listed 104
Total number of sales recorded 99
Total Value Sold $169,450,876
Public Auction 21 Properties $ 24,543,800 (Total Value)
Public Auction Average $1,168,752
Private Treaty 82 Properties $83,922,076 (Total Value)
Private Treaty Average $ 1,149,617
Median Price $ 1,142,500
Average Price $ 1,155,738
Highest Sale $ 2,200,000
Balgowlah Sales in 2007* (House / Townhouse / Semi)
Total number listed 96
Total number of sales recorded 94
Total Value Sold $107,269,600
Public Auction 26 Properties $ 36,334,500 (Total Value)
Public Auction Average $ 1,397,480
Private Treaty 67 Properties $70,935,100 (Total Value)
Private Treaty Average $ 1,058,732
Median Price $ 985,000
Average Price $ 1,153,436
Highest Sale $ 4,610,000
Please feel free to email us if you have any further questions about the market or real estate in general – it would be good to hear from you.
Till we meet again, wishing you all the best in your property search!
The Team at R&W Seaforth/Balgowlah.
See you at the open for inspections www.teamrw.com.au/buy/opentimes-sales/
To keep an eye on this week’s reported Seaforth real estate, Clontarf real estate, Balgowlah real estate, Balgowlah Heights real estate and North Balgowlah real estate www.teamrw.com.au/buy/local-market-watch/*
*Sales are as reported by Australian Property monitors
19.02.10