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Local Market Update

April 2nd 2014
By: Jon

With prices and properties changing rapidly, Managing Director Martin Humphreys talked about the current market situation.
 
“To sum up how the market is at present we should look at the Open Day success that we have had recently.  It is difficult to accurately price properties currently as there is so much demand and yet so little supply.  Because of this we are holding Open Days on our properties and asking for ‘Offers in Excess of’ prices to ensure we realise the best price.
 
We find that they are very popular and we are achieving excellent prices.  In addition to this, we are able to offer a choice of buyer for our vendor.   Some recent examples are:  priced at Offers in Excess of £185,000 achieved £205,000, priced at Offers in Excess of £265,000, achieved £282,000, priced at Offers in Excess of £370,000 achieved £382,000, and priced at Offers in Excess of £780,000 achieved £900,000.
 
This is all due to the market being very active in prime London/Surrey locations and we are benefitting from clients selling at very high prices, realising their capital and not being afraid to pay full values to achieve a purchase on a property that absolutely suits them.
 
No one knows when this market might cool down so if you are thinking of selling, now may be the best time to really see what your house is worth …..”. Contact your local office for more information and assistance.
 
There is a similar feel to the Lettings market, Berni Keating, Lettings Director says that the market is extremely busy and they have lots of good quality applicants looking to rent houses.  If you have a property to let, give our team a call on 020 8687 0077.