Christmas songs are on the radio, there’s a flurry of activity in the shops and the promise of lots of fun with our loved ones. It is also the season for questions like whether a home is large enough for the whole family or whether, children having flown the nest, it is too large?
New Year means new beginnings for many and so inevitably the thought of a new home is on many people’s minds. All this means that the property market is approaching its traditional busy season.
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 1165 properties available on the market in the area. The month prior there were 1152, in September 880 and 1052 in August. Things have calmed 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 July there were 314, August 288, September 333, in October 286 and in November 239.
In November 180 sales were agreed. In October there were 207. The month before 241 sales were agreed. In August 268 sales were agreed and in July 283 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.
In July, we saw 138 price reductions across the Walton-Le-Dale property market. There were 131 price reductions in both August and September, 169 in October and 167 in November. This could imply that some sellers’ or agents’ expectations of what the market is prepared to pay are not in line with reality.
In November there were 497 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 October there were 466. In September there were 438 slow movers and the month before that there were 429 slow movers. In July there were 413.
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 July each property in the Walton-Le-Dale area had average daily views on Rightmove per property of 85. In August, this number was 88. In September this number fell slightly to 82 and in October it dropped to 70. In November it fell further to 59 but this is not unusual for this time of year with many families busy as we approach Christmas and the end of term. The high levels of activity in the local Walton-Le-Dale property market are likely to increase or at the very least, remain strong in the first quarter of next 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.
