Glasgow's Authority on Property

Market Reviews

Stay up to date with the latest market performance in your area with our quarterly Market Reviews.

Second Quarter Report 2018

Spring and early summer have provided positive stimulus to a market that is still broadly undersubscribed in terms of sellers, which remain some way short of the level of motivated buyers. The seasonal step change in Quarter two has been in a material increase in higher value transactions which in turn has enhanced the entire 'food chain' in spite of low inventory volumes. At time of writing the outstanding summer weather has been such a positive factor in consumer sentiment and outlook, not to mention the perfect backdrop to some great property currently on the market. We anticipate a continuation of what we believe to be an excellent environment for sellers but in spite of a lack of formal meteorological qualifications, not so the weather!... John Kelly

Full Report
Ayr : Second Quarter Report 2018

Despite media talk of interest rate rises the spring/early summer property and the cold snap in February the property market in Ayrshire went into overdrive during the traditional spring market. Accurately priced property at all price ranges achieved selling times of less than four weeks and one in four of our sales went to closing date (multiple bids). Whilst the majority of sales was concentrated at the lower to mid price range level activity strengthened at the middle and upper price level during May and June. Our Ayr branch completed a record 100 sales during the period. Eight sales were recorded between £800,000 and £1,500,000. Strong employment figures, competitive mortgage rates, and a rising stock market have markedly improved confidence. An extension to the Help to Buy scheme has supported house builders which correspondingly has a knock on effect for the second hand residential market as higher new build prices help push up nearby housing stock by comparison. A co... Bruce Patterson

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Bearsden : Second Quarter Report 2018

The first Quarter of 2018, was memorable for both the unexpected impact of snow and a real appetite from buyers to secure their dream home, the second quarter has seen us bask in a remarkable period of unusually warm weather with an equally hot marketplace for property within our area. The imbalance between supply and demand across price brackets and locales continues to be prevalent although as is typical of the Summer months, this has been slightly less marked than was seen in the early part of the year. Sales at the higher end of the market have seen a definite resurgence and we have achieved notable success including closing dates with higher value properties in and around the exclusive million pound mark. Bungalows in all areas remain in constant demand and larger family homes specifically in Milngavie are frequently in short supply and attracting a premium from keen buyers accordingly. We havealso had particular success and a renewed interest for properties in the outlying areas ... Ross McMillan

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Bridge of Weir : Second Quarter Report 2018

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... Murray Houston

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Largs : Second Quarter Report 2018

The second Quarter of the year is traditionally the most buoyant for both sales and commissions and 2018 was no exception. Largs and all the surrounding towns and villages showed significant increases in viewing levels and properties with asking prices between £120,000 and £250,000 now showing price increases for the first time since the credit crunch in 2008. Average selling time has also dropped dramatically this year with the majority of properties spending less time on the market than the last ten years. The number of properties being listed for sale however is dramatically less than it was in the boom of 2007 and this reduction of available units is helping increase demand over supply. Competition between estate agents is intensifying all the time but the branch has listed its highest number of units in a six month period since we opened our doors in 2010. Bungalows and mid range family villas are still proving the most attractive properties for buyers of all age range... Neil Bremner

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Netherlee & Clarkston : Second Quarter Report 2018

The spring market across the local suburbs of East Renfrewshire has certainly been both buoyant and productive. Corum’s Netherlee and Clarkston office has recorded a significant uplift in sales volumes versus the same time period last year, evidencing an ever increasing local market share. Demand for property in the local area continues to outstrip supply as demonstrated by significant sales premiums being achieved. Given the consistent uplift in asking price and Home Report value, potential buyers recognise that a premium will require to be paid in order to be successful in the purchase of a property locally. Corum’s highly successful marketing strategy, namely a competitive asking price linked to an accurate Home Report carried out by an independent chartered surveyor, and successful marketing aided by our exclusive focus on the sale of residential property clearly combines to deliver outstanding results for our clients. Many properties in Quarter Two of this year have so... Marc Leslie

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Newton Mearns : Second Quarter Report 2018

A very successful Quarter Two in the Newton Mearns branch reinforces the strength of the local residential housing market, particularly within East Renfrewshire. The property market continues to reflect the imbalance in supply and demand with a greater number of buyers than sellers placing upward pressure on prices in the core areas. Spring is traditionally the busiest time of the year – this year is certainly no exception and the last three months have witnessed a total of 72 properties being sold. This quarter has seen gross sales of approximately £30million which represents a £4million increase against the same period last year. East Renfrewshire continues to operate in its own “economic bubble” with multiple sales achieved over the £500,000 price point and a surprising 3 further sales over £1million, 68% of properties sold have featured under the £400,000 which reiterates confidence and strength in the local housing market at this lev... Mark Jamieson

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Shawlands : Second Quarter Report 2018

The tail end of Quarter four 2017 remained busy. Buyers kept activity levels up, and as a result, sales right up until Christmas remained steady. Unfortunately, potential vendors were not in the mood for selling, more focussed on Christmas, and as a result, stock levels fell sharply. Quarter one of 2018 saw this trend continue. Sales picked up quickly as soon as the holidays were over, but new listings were thin on the ground. A lack of enthusiasm from vendors and inclement weather ensured that stock levels remained exceptionally low. This had a hugely positive effect on sales however, with stock low and demand high, competitive sales/closing dates have become the norm (and almost expected) in most postcodes. Most owners will not list until they have secured their next home, and with stock so low this has had a self-perpetuating negative effect on the market - at least in terms of volume/churn. We are definitely starting to see more activity coming out of February and through... Ewan Blair

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Troon : Second Quarter Report 2018

The second Quarter of 2018 has been an exceptional three months for sales in and around Troon with demand continuing to outstrip supply for the majority of property types particularly period villas and bungalows. There is also increased activity at the top end of the market as shown by the recent sell out of 4 bespoke villas in Southwoods by local builder JC Morton Homes for in excess of £800,000 per unit. Year on year second quarter figures speak for themselves with a 10% increase in sales, 9% increase in closing dates and 8% increase in viewer numbers. These figures are thanks in part to continued competitive mortgage lending but are also testament to the hard work and professionalism of the office staff who continue to excel in their levels of service and negotiation skills. Generally Ayr, Troon and Prestwick all continue to outperform the national market due to the “Manhattan effect” of being commutable to a major city whilst retirees and downsizers from Glasgow s... Colin McCrossin

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West End : Second Quarter Report 2018

Coming soon! Corum West End82 Hyndland Road Glasgow G12 9UT   Tel: 0141 357 1888 www.corumproperty.co.uk... John Davidson

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