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August Market Report 2014

The traditionally slow August market is always an estate agents nightmare – school children on holiday, family holidays and the general public waiting until September to kick start their lives again and with the media reporting that banks are toughening up their lending criteria we were expecting a tough market.  

The great news is that we have sold 22% more property than in August 2013, 25% more instructions to market property by vendors and viewings are up 26% which shows a clear correlation with the number of new instructions. Analysing these statistics against May of this year we can see steady progress, although viewing numbers are slightly down, 15% more property has come to the market than in May and in August we have sold £3,226,995 total worth of property in comparison to Mays £2,050,980.

This is all a great indicator that the market is still very prosperous despite the damming reports in the national media regarding lending. With more instructions in August than in May this year, it is clear the general public still have confidence in the local market and it doesn’t look like anything will be changing anytime soon.

On a more personal note our rebrand which was launched in July seems to have been a huge success with some really positive feedback from clients, viewers and members of the public that have popped in for a snoop at our new light wall and bespoke designed work station.  We have also employed a new member of staff Phil Sutton. Phil is our new trainee and is learning the ropes having recently left college and been travelling the globe. He is already out doing viewings and on the telephones, so be sure to come in and meet him for a cup of coffee!

We look forward to an even more buoyant September with potential for record sales on the cards.

Report By Matt Rawlings. 

 


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