Mon 03 Oct 2016 View all news articles
As we now head into the final quarter of 2016, there is an expectation that the property market will now start cooling down and won’t pick up again until the New Year.
With only a limited number of weeks until Christmas, leaving a decision to sell until 2017 could result in the missed opportunity of improving market conditions and buyers looking to secure a move this year. Using research collected from recent sales data and drawing on years of experience, we have provided a useful analysis of the typical times it would take to sell your property from instruction to finding a buyer. Whether you’re currently on the market or looking to make the move, this information should help you make a more informed decision.
In 2016 so far, we saw more sales agreed in the first week on the market than any other week that followed. This is by no means a benchmark for achieving a sale; however it indicates the strength of the Wirral property market and desire of buyers to move quickly when the right property becomes available. Week’s two to eight after instruction have also seen a high number of sales agreed across our sales offices this year, although this varies by location and the type of property listed.
As shown in our 2015 Wirral residential market report, semi-detached houses make up the highest proportion of Wirral properties sold over the past several years. The nature of the Wirral market means semi-detached properties are often sought after, in all locations. Because many Wirral residents often look to upsize or downsize, semi-detached properties make the ideal home for a variety of different groups from first-time buyers to those looking to retire. As such we have found that a significant number of semi-detached properties we market achieve a sale within the first couple of weeks.
As leading Wirral estate agents and lettings agents we have plenty to talk about and like to give our opinions on a few things too! Read about what we have to say, our latest news and industry news.