Val Shakespeare, Sales Director
Royston & Lund
The summer holiday period is generally quiet as buyers and sellers often put their plans on hold. This year was no exception with lower numbers on viewings. In the autumn property market, we very much expect viewing levels to increase as they usually would at this time of year.
The lower end of the market is moving reasonably well but the summer slowdown seems to have had a definite effect on the middle to upper end of the market.
We are finding that buyers are taking longer to come with offers and although our viewing numbers are down, we’re seeing buyers often waiting until they have exhausted all viewing options before making any decisions on offering on a property.
Properties requiring a little work or presentation are harder to achieve sales on, comparative to previous years. High quality, well-presented homes attract more interest and often achieve a premium.
Many purchasers considering a non-compulsory move are cautious, considering options. We feel the property market has shifted from a strong sellers’ market to more of a level playing field.
25 YEARS IN BUSINESS!
There is always a huge demand for character properties which are in close proximity to the excellent local schools and our local town of West Bridgford. As we head into the Autumn market, we are hopeful more of these styles of properties will come to the property market as the level of potential purchasers increases.
Royston and Lund recently celebrated 25 years in business, we now feel we have gained the trust of the community within the West Bridgford area and this continues to grow as we offer our clients the best possible service.
In 2018 we opened our Keyworth branch, offering both sales and lettings services; this has enabled us to expand our presence and meet the demands, providing a high level of customer service within Keyworth and the surrounding areas.
Pictured property: Priory Road, West Bridgford, Nottingham Guide Price £499,950
Jeremy Tyler, Owner
Established ten years ago, we are based in Billericay, Essex with ten other estate agents, who are mainly one branch independents. We are finding the market quite buoyant, listing on average between four to five properties a week with three-bedroom semi-detached homes being our bread and butter.
Our average sales price is around £400,000, although we sell anything from one-bedroom retirement apartments to £1.3 million new build developments. Whilst viewings have slowed down over the past couple of weeks, we are finding that the quality is still there, and we are selling two/three properties a week from an inventory of approximately 30 homes for sale.
Our office has five staff members, four of whom carry out viewings as we always accompany the viewer have been extremely proactive with calling out the database. We recently joined the Guild of Property Professionals and The New Homes Network. Both are an asset to the company and have helped raise our profile.
CHALLENGES AND LESSONS
My wife and I set up Tyler Estates 10 years ago with no knowledge of estate agency although we had a local conveyancing search company. It was a massive learning curve and we enlisted the help of trainers, attended many courses and read books daily. Now we are consistently in the top three agents in Billericay.
Our biggest challenge is how best to use our time. There’s always so much to do, it’s easy to get bogged down and we could do with spending more time planning and prospecting. The biggest lesson I have learnt is to speak to as many prospective clients as possible, the more conversations we have the more listings we get, and more homes sold. We have now got to the stage where we turn away work if it is a cheap fee or the seller is not motivated to sell at that time.
Billericay is an affluent area and the schools are very good and we have a good transport link to London, the area is very popular because of this and the homes we sell are normally of good quality.
I love what I do and get a great sense of achievement when we win the instruction on a property. I am always looking to learn more about the industry and to develop my own role.
Pictured property: Highlands Grove Billericay for sale at £1,000,000
Katie Griffin, Director
Sawdye & Harris
Sawdye & Harris operates in the West Country region with offices in Dartmoor, Teign Valley and High Moor.
Whilst we have seen a stable property market and transactions have remained broadly similar to those of last year, there is still some market uncertainty. That said, unique properties with land on Dartmoor remain very popular and are selling well.
At the moment, there is a distinct lack of choice for buyers in terms of well-priced family homes and as a result we are seeing a healthy level of sales being agreed.
Tempering this, however, we are seeing an increase in the number of viewings it takes to tie up a sale with an average of 14 viewings now seeming to be the norm.
EQUESTRIAN DREAM HOMES
The average price of a three-bedroom townhouse in region is between £350,000 and £375,000, with detached equestrian properties on Dartmoor selling from £850,000 upwards. The average rental price for a typical three-bedroom family home in the area is around £850 per month.
The West Country is a sought after and a fantastic place to live, as many buyers moving into the county, find the draw of the coast and the Moor to be irresistible and it is a truly great place to live, work and enjoy their lives!
I have an optimistic view for the resilience of the local market over the coming six months despite the perceptions of delays and indecision due to concerns with regard to the Brexit process.
We are continuing to see serious buyers and sellers entering the marketplace and we are currently finding that sold/pipeline levels are in excess of this time last year. The reality is that well presented and accurately priced properties will continue to transact even with prevailing property market conditions.
Pictured property: Newbridge Hill Cottage, Dartmoor Guide £800,000.
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