Category: Uncategorized

Market update

It has been a good first quarter with stock levels across our three offices, peaking at over 100.

More sales are being agreed, as vendors become more realistic on their pricing. Unfortunately, the peak prices of 2015/16 are no longer achievable for the most part. Buyers have lost patience waiting for Brexit to progress and are deciding to make moves in the property market.

There is still caution out there, however, there is a definite improvement in activity levels, in comparison to last year. The highest activity being recorded in the £300,000 – £500,000 price bracket, this is in reaction to the stamp duty changes for first time buyers, announced in last year’s budget.

Our new fee structure, offering just 0.75% inc. VAT, has been well received across all of our areas. Vendors are saving on average £4000, which is significant. There is no catch: with professional photography, mutli-branch marketing, as well as exposure on Zoopla, Rightmove, Prime Location and local press. We expect the next quarter leading to the summer to be even busier as more local sellers realise the value in our service.

Graeme Gordon
Area Sales Manager