Kivells New Year Property Review
Daniel Stokes MNAEA - Area Manager
Headson Farm, Bratton Clovelly - SSTC
Lower Westcott, Week St Mary - SSTC
Woolley Cottage, Morwenstow - SSTC
2019 was a challenging year for house sellers. Many buyers were perturbed by the unknown effects of a potential “no-deal Brexit”, a new government or even the possibility of another referendum. With such a high degree of uncertainty, many homeowners delayed putting their house on the market.
While the autumn was relatively quiet for new instructions, the December election, timed just before Christmas, certainly had a positive effect on market confidence.
With the Conservative government winning by such a majority, it proved that even the most diehard Labour supporter living in the North East wanted an end to the uncertainty. The election result appeared to restore a level of calm and decorum through the property market. This released the shackles of those waiting patiently to act. Those vendors have now decided this is the right time to call their professional local estate agent and make their move happen in 2020.
According to today’s Rightmove Property Index, the number of buyer enquiries was up 15% (1.3M) between the 13th December and 15th January, compared to the same period last year, showing new found buyer appetite. This has led to an increase of over 7.4% in sale agreed properties over the same period nationally.
The present market is still low on stock, and our advice is to beat those vendors coming to the market in the spring and launch your property now while enquiries are so high.
While it’s certainly been a wet start to the year so far, spring is just around the corner. We have been treated to a few sunny, dry days with high visibility which are perfect conditions for photographs, especially for properties with a view. These first days of good weather allow us time to get into our gardens and start to clear the effects of the inclement weather and to create space for the spring flowers to come through in a few months’ time.
Properties correctly priced in line with the market are experiencing excellent interest, with advertising periods averaging 72 days from coming to the market in the south west according to the aforementioned House Price Index. This further demonstrates how the right price and right agent can get you moving in no time at all!
Contact your local Kivells property professional today for our free market appraisal and we can get you moving in 2020. We would love to hear from you.
- Daniels Stokes, MNAEA – Area Manager