A great way to take a quick snapshot of the market to see how buoyant things are is to compare the percentage of properties that are under offer to the total amount of houses on the market. Currently 41.95% of the total properties on the market in CW8 are under offer – this represents as very healthy market indeed. Most estate agents would kill for this sort of percentage under offer on their own stock.

Going into more detail, I’d like to look back to March 2018 when there were 328 properties on the market in CW8, this is compared to 327 in March of 2019. The market in March 2019 in terms of stock is incredibly similar to the market of 2018 – there were 111 new listings in March 2018 compared to 109 in March of 2019; 81 sales were agreed in March last year compared to 73 this year. Price reductions are also similar with 37 last March and 33 in March this year.

This of course doesn’t tell the full story and it’s important to look in more detail at the housing market and what’s more relevant and important to you as the homeowner is current and latest asking prices, selling prices and how long properties are taking to sell. I’m also going to break this down into the type of property.

The average asking price in CW8 is currently £325,500. Broken down into the two most popular house types in the area, the average detached house is £483,048 and semis are £236,675. It’s very important to compare this to the average selling prices. I’ve looked at the period between January 2018 to January 2019 and the average selling price for detached houses was £338,132 and £320,714 in 2019, for semis the figures are £172,800 and £170,556.

It’s also important to look at how long properties are taking to sell. For the last 12 months, from March 2018 to March 2019 overall properties are taking longer to sell. Broken down into property types, detached houses are taking 23% longer to selland semis are taking 42% longer to sell than in March last year.

In a healthy market such as this, the main reason why properties take longer to sell is overvaluing. I’ve looked at the most reduced properties in CW8 and on the 28th March there were 40 properties which had been reduced since they were first marketed. The average reduction was 9.44% which based on the average CW8 house price of £325,661 means average reductions of around £30,000.

In summary, the CW8 housing market is healthy and buoyant with the property stock totals being incredibly similar to the same period in 2018. Average selling prices are slightly down on the previous year which will have been heavily affected by the amount of new build properties currently in the area. When marketing your property be very wary of estate agents who overvalue simply to get you on the market because as you can see from the price reduction data, many people have to reduce their asking price before achieving a sale.

Please like and share so other CW8 people can also be kept up to date.

Ian
07501723253 / ian@storeysofcheshire.co.uk

Copyright 2021 Storeys

A great way to take a quick snapshot of the market to see how buoyant things are is to compare the percentage of properties that are under offer to the total amount of houses on the market. Currently 30.7% of the total properties on the market in CW6 are under offer – this represents a reasonably healthy market. Most estate agents would be happy with this sort of percentage under offer on their own stock.

Going into more detail, I’d like to look back to March 2018 when there were 217 properties on the market in CW6 – this is compared to 211 in March of 2019. And so it can be seen that the market in March 2019 in terms of stock is incredibly similar to the market of 2018. There were 33 new listings in March last year compared to 25 in March this year; 19 sales were agreed in March last year compared to 14 in March of 2019. The main positive change year on year is that price reductions are slightly down, with 20 last March and only 17in March of this year – this means that agents have priced properties slightly better than they did in the same period last year – very good news for the price sellers will achieve when they sell.

This of course doesn’t tell the full story. It’s important to look in more detail at the housing market and what’s more relevant and important to you as the homeowner is current and latest asking prices, selling prices and how long properties are taking to sell. I’m also going to break this down into the type of property.

The average asking price in CW6 is currently £525,000. Broken down into the two most popular houses types in the area, the average detached house is £633,000 and semis arenearly £316,000. It’s very important to compare this to the average selling prices. For detached houses, in January 2018 the average selling price was £425,300 and in January 2019 it is £511,600 in 2019 – excellent news if you own or are looking to sell a CW6 home.

It is also important to look at how long properties are taking to sell. These figures are for the total time from a property being listed, to being taken off the market and the buyers moving in.For the last 12 months, from March 2018 to March 2019detached houses are taking longer to sell, 17% longer in fact than March last year, yet semis have seen no change in speed of sale at all. Detached houses are currently taking 306 days from going on the market to the buyer moving in and 282 days for semis. Please let me know if you’d like help and tips on how to increase the speed at which your home sells.

But what about the properties that haven’t yet sold? I’ve looked at the most reduced properties in CW6 and today there are 19 unsold properties which have been reduced since they were first marketed. The average reduction is 7.83% which based on the average CW6 house price of £525,000, means average reductions of around £41,100.

In summary, the CW6 housing market is healthy and buoyant and although new listings and sales are down slightly, the average selling price of a detached house is up considerably. This should give you confidence if you are looking to sell your CW6 home. looking at the amount of unsold properties that have been reduced and still not sold.

Please like and share this report so other CW6 people can also be kept up to date.

Ian
07501723253 / ian@storeysofcheshire.co.uk

Copyright 2021 Storeys

A great way to take a quick snap shot of the market to see how buoyant things are is to compare the percentage of properties that are under offer to the total amount of houses on the market. Currently 40.30% of the total properties on the market in CW9 are under offer – this represents a very healthy market indeed. Believe me, most estate agents would kill for this sort of percentage under offer on their own stock.

Going into more detail, I’d like to look back to March 2018 when there were 303 properties on the market in CW9, this is compared to 311 in March of 2019. The market in March 2019 in terms of stock is slightly different to the market of 2018 where there were 91 new listings in March last year,compared with 64 in March this year, 39 sales agreed in March in 2018 compared to 48 in March of 2019. The main positive change year on year is that price reductions are down,with 35 last March and only 23 this year – this means that agents have priced properties better this March that they did in the same period last year.

This of course doesn’t tell the full story and it’s important to look in more detail at the housing market and what’s more relevant and important to you as the homeowner is current and latest asking prices, selling prices and how long properties are taking to sell. I’m also going to break this down into the type of property to make it more relevant to you.

The average asking price in CW9 is currently £357,400. Broken down into the two most popular house types in the area, the average detached house is £488,000 and semis arenearly £240,000. It’s very important to compare this to the average selling prices. I’ve looked at January 2018 to January 2019 and the average selling price for detached houses in January 2018 was £352,100 and this has risen to £339,500 inJanuary 2019. For semis the figures are £157,231 in March 2018 and £193,000 in March 2019.

It’s also important to look at how long properties are taking to sell. These figures are for the total time from a property being listed, to being taken off the market and the buyers moving in.For the last 12 months, from March 2018 to March 2019 overall properties are selling in a very similar timescale. Broken down into property types, detached houses are onlytaking 6% longer to sell and CW9 semis have actually soldmore quickly than the same time last year – they are selling 16% quicker than in March of 2018.

But what about the properties that haven’t yet sold? I’ve looked at the most reduced properties in CW9 and today there are 46 unsold properties which have been reduced since they were first marketed. The average reduction is 6.94% which based on the average CW9 house price of £357,400 means average reductions of around £25,000.

In summary, the CW9 housing market is healthy and buoyant with the property stock totals being  similar to the same period in 2018. The main difference is the amount of new listings in March of this year which was a lot lower than in the same period last year, however the amount of sales was up. This represents a good opportunity if you are looking to sell as there is less new to the market competition. The average selling price of a detached house is down slightly although the average for a semi is up. But overall for the year, things remain broadly similar in this area. This should give you confidence if you are looking to sell your CW9 home.

Please like and share this report so other CW9 people can also be kept up to date.

Ian
07501723253 / ian@storeysofcheshire.co.uk

Copyright 2021 Storeys

Currently 35% of the total properties on the market in WA16 are under offer – this represents a healthy market. Most estate agents would very comfortable with this sort of percentage under offer on their own stock.

Going into more detail, I’d like to look back to March 2018 when there were 203 properties on the market in WA16, this is compared with 253 in March of 2019.

The market in March 2019 in terms of stock is markedly up on 2018 in terms of available properties – this is a really important fact when pricing your house as it means that there is now more competition!

In March 2018 there were 48 new listings and there were 46 in March this year so very close. In terms of completed sales, there were 31 sales agreed in March this year compared with 33 in March last year.

The main negative change year on year is that price reductions are up, with only10 last March compared with 27 in March this year.

This means that agents have been overpricing properties more which always leads to a worse result for the seller.

This of course doesn’t tell the full story. It’s important to look in more detail at the housing market and what’s more relevant and important to you as the homeowner is current and latest asking prices and selling prices and how long properties are taking to sell. I’m also going to break this down into the type of property.

The average asking price in WA16 is currently around£700,000.

Broken down into the two most popular house types in the area, the average detached house is around £1M and semis are around £385,000.

It’s very important to compare this to the average selling prices, I’ve looked at January 2018 to January 2019 and the average selling price for detached houses was £550,000 and is £647,000 in 2019, for semis the figures are £312,000 last January and £325,000in January 2019. This makes for excellent reading if you own or are looking to sell a WA16 property.

It’s also important to look at how long properties are taking to sell.

These figures are for the total time from a property being listed, to being taken off the market and the buyers moving in.

For the last 12 months, from March 2018 to March 2019 there has been a significant change in semi detached properties which are taking 23% longer to sell, however detached houses are only taking 1% longer to sell.

You should consider these figures depending on what type of property you have and what your desired speed of sale / goal is.

What about the properties that haven’t yet sold?

I’ve looked at the most reduced properties in WA16 and today there are 21 unsold properties which have been reduced since they were first marketed.

The average reduction is 6.27% which based on the average WA16 house price of £700,000 means average reductions of around £43,900.

In summary, the WA16 housing market is healthy and buoyant. Although there are now more properties on the market in total, the amount of new listings and sales is very similar to March last year.

The average selling price of a detached house is up considerably and semis have also seen decent growth.

You should have confidence if you own or are looking to sell your WA16 home however, looking at the amount of unsold properties that have been reduced and still not sold, it’s still important to be wary of estate agents who overvalue simply to get you on the market.

Please like and share this report so other WA16 people can also be kept up to date.

Ian
07501723253 / ian@storeysofcheshire.co.uk

Copyright 2021 Storeys