February has always tended to be an interesting month for the housing market, with people getting over the cost and festivities of Christmas, together with the January sales and the return to the workplace. However this has had no bearing on the property market, in which we can report 32% more sales than February 2014. Within this we have several open houses, which have been greeted with enthusiasm by vendors and purchasers alike. On one example in South View, we had 45 viewings in 3 hours, resulting in 10 offers, and the price guide was exceeded by £10,000.
We also had the pleasure of selling properties in St Peters Rd and Denham Drive, for the 2nd time in the last 5 years.
With the market activity, this has produced property shortages in certain areas, this makes it vital to be in the correct position when looking to buy and sell, something we will be only too pleased to advise you on. With the Spring market now upon us, and the mortgage market as competitive as ever, we are looking to the coming months with confidence and optimism.
February is always a special month for Barons Estate Agents as we began trading in February 1988. One of the first properties we sold was in Borodin Close, Brighton Hill a 2 bedroom maisonette for the small sum of £49,000. This style of property would now be selling for in excess of £160,000 lease dependant! How times change…
Onthemarket.com launched at the end of January and is gaining momentum. You have probably seen the adverts on the television, in the paper and plastered all over the Internet. We have certainly seen an increase in the number of viewings this is generating since the advertising campaign started. We are constantly getting positive comments on the ease of the website and the attention to detail that has gone in to promoting individual properties. Have you checked out www.onthemarket.com yet?
We look forward to updating you on the March market.
Report by Matthew Thompson.