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Head and shoulders above the rest


This week’s property industry update.

The North/south sales divide in the autumn market

  • Price of property coming to market increases by 0.9% (+£2,623) this month to £309,122, just 0.4% (£1,349) below the all-time high reached in June
  • Sales agreed in September have recovered from summer lull, now down just 4% on the post-election boosted same period in 2015, and up 6% on 2014
  • Sellers’ market in the north of the country with sales agreed up on 2015 and available stock down
  • Buyers still have upper hand in the south – sales agreed are recovering but down on 2015, and stock is up

Shipside observes: “While the number of new-to-the-market sellers is actually up compared to this time last year in all the northern regions, it is failing to keep pace with high buyer demand.  They say as long as it’s not over-priced, the right house in the right area is quickly being snapped up for close to, at, or even over the asking price.”

All thanks to Miles Shipside, Rightmove director and housing market analyst.

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If you’re selling this autumn, we all prepare ourselves for the worst – what could go wrong, what we might forget to organise, getting hot and bothered and all the unpacking BUT there’s so many good things to remember – here’s just a few of them…

  • You get to drink champagne (with a valid reason).

  • You get that satisfying feeling once you’ve unpacked and put away everything (you legend).

  • You’ve just gained some new friends in the form of your neighbours.

  • Best of all, once all is said and done, boxes are unpacked and binned and your house is looking lived in, you can sit down, breathe a sigh of relief and know you don’t have to do that again anytime soon!

If you’d like to arrange an up to date valuation on your home or a viewing, call my team on 0161 882 2233.

In order to succeed, we must first believe that we can. 'Nikos Kazantzakis'

Kind regards,


Eddie Ellis, MNAEA
Director, JP & Brimelow Chorlton Ltd

 


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