The children are all settled back at school and the changing weather leaves us in no doubt that Autumn is definitely here. September is always a month of new beginnings. With Christmas just around the corner many people start to think about whether their home still works for their family.
The rising interest rates may be causing pause for thought but life continues, despite the rising cost of living and people will always need to move home; sometimes because of, and sometimes in spite of, the financial climate.
Let’s have a brief look at what’s been happening over the last month in the local property market around Walton-Le-Dale.
There are currently 880 properties available on the market in the area. The month prior there were 1052, with 1050 in July, and 995 in June. Things have started to calm back down to normal levels and there is now more choice once again for buyers.
There is a steady number of properties coming onto the market each month. In June there were 305, July 314, August 288 and in September 333.
In September 241 sales were agreed. The month before 268 sales were agreed. In July, 283 sales were agreed and in June 260 sales were agreed. As more properties come to the market, more sales are happening. Although the media has been talking about the market cooling, the local facts are that there is still a lot of activity.
There were 111 price reductions in June and in July, we saw 138 price reductions across the Walton-Le-Dale property market. There were 131 price reductions in both August and September. This could imply that some sellers’ or agents’ expectations of what the market is prepared to pay are not in line with reality.
In September there were 438 slow movers in the Walton-Le-Dale area. This means a property that has been on the market for 12 weeks or more. This could be due to the market returning to more normal levels but expectations still being at the peak levels. In August there were 429 slow movers and the month before there were 413. In June, there were 369.
Slow movers can often be due to the 3 Ps – presentation, promotion, or price. We are proud to be in the top 10 agents in the area with the smallest numbers of slow movers. Choosing the right agent for your property can make a very real difference to achieving your moving plans.
In June each property in the Walton-Le-Dale area had average daily views on Rightmove per property of 101. In July it was 85. In August, this number was 88. In September this number fell slightly to 82. This shows the high levels of activity in the local Walton-Le-Dale property market, which are likely to increase or at the very least, remain strong in the final quarter of the year.
If you’re looking for further information about the Walton-Le-Dale property market, or if you’re thinking of selling or buying in the area, please don’t hesitate to get in touch. You can call 01772 252136 or email info@stonehousehomes.co.uk.
