Leeds market warming up but sellers slow to bring property to the market
Our branch managers in Leeds provide some insight into local conditions affecting the property market in March and looking forward into April.
Market insights for Oakwood
Spring is here and the housing market is as busy as ever. Locally in Oakwood we have seen a rise of people thinking about moving home with an increase in home valuations, but interestingly the percentage of new properties actually coming on to the market has dropped.
With the high demand of people searching for houses to buy and low supply of new ones coming onto the market, sellers are now registering with estate agents to help them to find properties to move to before putting their own on the market.
So much business is now being done within an estate agency it has never been more vital to be registered with a local estate agent whether you are buying or selling.
Already this year our Oakwood branch has sold over £1.2 million pounds-worth of properties before they even hit the market place!
Our Property Launch service, which helps people sell their homes quicker and for more money, continues to be successful. We have achieved over £100,000 over the asking price in total on our property launches so far this year and I'm sure with the demand these will continue to get great results.
An uncertainty in the market will start to appear once the EU referendum countdown starts and we are yet to see how the stamp duty changes will affect the market place also. The next update is sure to be an interesting one!
Alex Rex, Oakwood - Leeds Branch Manager. Contact Alex.
Market insights for Headingley
Similar to other areas, there are less homes comes coming on to the market compares to the speed of sales with the amount of interest from buyers.
During the last two weeks we have seen some 'green shoots of spring' emerging as the higher end of the property market is starting to move. This is prompting buyers lower down the chain to make the step and put their property up for sale .
The sense of frustration from buyers is understandable as there simply aren't enough properties getting put on the market whilst sellers bide their time.
Gareth Newby, Headingley - Leeds Branch Manager. Contact Gareth.
Market insights for Moortown
What an interesting market we are coming into. Spring has most definitely sprung in North Leeds as we are seeing a large increase of first-time buyers coming to the market and they are all demanding houses between the £200,000-300,000 mark.
Fortunately at Preston Baker we have seen a rise of properties getting put on the market in this area at this price level. If you are looking to move please why not get in touch and book your home valuation with us today.
Claire Lowcock, Moortown - Leeds Branch Manager. Contact Claire here.
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