INDUSTRY NEWSNEWS

Over $13m of St Kilda sales in 7 days

The Agency’s Sam Hobbs has achieved an extraordinary outcome for his clients across the first two weeks of Stage 4 restrictions in Melbourne.

Within a seven-day period, he sold two premium listings and one mid-tier listing within the St Kilda postcode, totalling more than $13 million worth of property sales.

“The transaction of these three well-presented homes, two of which are at the premium end of the market, shows the extremely strong buyer demand for quality properties within inner city Melbourne despite Covid-19 and its economic implications,” Mr Hobbs explained.

“There are smart buyers out there identifying the opportunity to upgrade at this time.”

A qualified solicitor, Mr Hobbs brings a wealth of knowledge to his client’s sales including an in-depth insight into his local areas St Kilda, St Kilda East, St Kilda West, Elwood, Elsternwick, and Balaclava.

“Sam is an exceptional agent. It’s his demeanour, patience, thoroughness and strategic thinking that culminate in extraordinary results for his clients,” The Agency’s Peter Kakos said.

“These are some of the highest sales in St Kilda in the last 12 months, confirming his stature as St Kilda’s number one prestige agent.”

The transactions included two prestige homes; 5 Crimea Street, St Kilda and 11 St Leonards Avenue, St Kilda.

The off-market sale of 5 Crimea Street took place over just a couple of weeks. Mr Hobbs said he identified he had qualified buyers for the home, focused on his database and handpicked relevant buyers to show through the property. After nine groups reviewed Crimea Street, he liaised with four interested parties and sold the home.

The sale of 11 St Leonards Avenue was quite different. This premium home was listed Australia Day 2020, but the Covid Stage 4 restrictions actually led to increased buyer interest and competition. The final negotiations were completed on the August 10 amidst Melbourne’s lockdown.

“Interestingly I’m seeing quite a few upsizers deciding to purchase first, and sell their current properties later. There is a real focus on finding the right home, as this will be a longer term property,” Mr Hobbs explained.

“The buyer competition in the current market is more refined, in that the numbers may be lower but the buyers looking are highly qualified. These two premium sales are further evidence of the increasing demand for high-end St Kilda real estate.”

The third property sale in this seven-day St Kilda transaction spree was 14a Havelock Street.

This mid-tier family home garnered so much attention it sold within four days on market. After just two days of buyer inspections, on a Thursday and Saturday, an offer was negotiated by the Sunday.

Three acceptable offers were received in that time.

Mr Hobbs put the quick turnover sale down to the fact the home was beautifully styled, held an accessible price point and was a further reflection that there is a limited amount of quality stock on the market.


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