Murray Houston reports on the market during the last quarter.
Click on a branch link below to access the quarterly market review for your area.
A strong residential market has developed during the first Quarter of 2018. The low numbers of property on the market in January hampered what was an active period of demand. Sale prices were good (particularly for well presented family homes) although the number
of sales completed was hampered by a lack of available stock. The stock levels have increased through mid-February into March, mirrored by increasing numbers of completed sales, many at increased sale prices. The limited stock of well presented homes has resulted in an increase in the number of closing dates and these competitive sales have yielded premium sale prices in excess of home report value in many cases. Average selling times have also shortened through March due to the competitive nature of many sales and are currently averaging slightly in excess of two weeks. 43% of sales in the 1st Quarter have been achieved at closing dates.
Family homes ranging from two bedroom terraces through to three bedroom semi-detached and four and five bedroom detached houses in the mid-price ranges remain extremely popular. The supply of these properties (particularly in areas of good school catchment) within the Renfrewshire villages and better suburbs of Paisley remain low. There have been encouraging signs of increasing viewer numbers in the higher price ranges although stock in this level still remains low. Excellent presentation is vital to not only attract potential viewers to visit but also to secure interest in a competitive sale price.
Corum remain committed to providing accurate and professional advice on the presentation of your property and the correct pricing in order to achieve the best sale price. Sellers are increasingly particular about the situation of a potential buyer in conjunction with the price offered. It is advisable to consult with Corum to discuss the best methodology regarding the sale of your own property to ensure you are best placed
to make your move.
If you wish to have an up-to-date assessment of market conditions and an accurate assessment of your own home in full confidence please do not hesitate to contact Murray Houston on 07717 532 093 or email@example.com.
Corum Bridge of Weir office
2 Windsor Place
Bridge of Weir, PA11 3AF
Tel: 01505 691 400