Category: Uncategorized

Biggest post-Xmas bounce in enquiries since 2016
At the beginning of 2023, the number of prospective buyers contacting agents is up 4% compared to the same period in 2019, and up by 55% compared with the two weeks before Christmas.

Average asking prices up month-on-month
Although average asking prices are still £8,720 lower than their peak in October, after two months of falls, they have increased by 0.9% (+£3,301) this month. This is the biggest increase at this time of year since 2020.

Surge in home valuation requests
The 5th January saw the number of people sending a request to an estate agent to value their home, at it’s third largest on record. In total the first week of 2023 was the busiest for home valuation requests since August 2022.

Please follow the link below to the new updated stamp duty calculator…

Stamp Duty Land Tax: Residential property rates – GOV.UK (www.gov.uk)

The current financial situation has dominated the headlines this week, with stamp duty cuts and mortgage deals both at the centre of the discussion….

Stay positive Tavistock!

It is not all doom and gloom though as the below reassuring rightmove statistics explain

Healthy number of sales agreed

The number of sales agreed on Tuesday was the highest number in one day since early August

Limited impact on demand so far

On Monday and Tuesday, demand from buyers (sending leads to agents and developers) was down just 3% compared with other Mondays and Tuesdays this month

Average September rate of fall throughs

Over the past few days we’ve seen fall throughs in line with what we’ve seen for all of September

No change to rate of price reductions

On Monday and Tuesday 1.6% of all properties were reduced. This is the same level of reductions that we saw on other Mondays and Tuesdays this month

Mortgage products withdrawn, but there is still choice

A number of mortgage products have been withdrawn, but according to Moneyfacts there are currently over 2,600 mortgage products available in the market

These statistics are official national statistics provided by rightmove…

Yes the market is changing, the market is always changing, that is the way it goes…

People ALWAYS want to move house, there are always buyers and sellers out there it’s just about adapting to the current climate and working with it…

It’s about finding an estate agent that you can trust to give you the very best advice

#estateagent #independent #selfemployed #doingthingsdifferently #staypositive #heretohelp #propertymarket