Chester Property Market Update | November 2019
The team at Jordan & Halstead Chester are always working to help improve the experience of our customers by offering an honest, transparent and expert approach to your decision-making processes. We believe in always keeping you up-to-date on your local property market, whether or not you’re buying and selling property with us.
In these market updates, our aim is to give you all the information you need to make the choices that are right for you and your property, which is why we take all of the information from Rightmove and Zoopla. By using high-quality third party data, we can be sure that the information we’re giving you is unbiased, accurate and impartial every time. We use this local data to help give you advice on when it best to buy, sell, let or rent your home, and how to get the most out of your property. So, to find out more about your local market in Chester, keep reading!
Last month, we saw the number of new instructions in Chester decreased slightly since the same period last year, with 286 new instructions in October 2019, compared to 306 in 2018. There were a total of 3055 new instructions year to date.
The number of sales agreed stayed almost exactly the same since the same period in 2018, with 212 sales agreed this year compared to 213 last year. This tells us that while there are fewer properties going onto the market, the number of properties actually selling has remained consistent.
The average property value in Chester has risen to £266,151, which is a 0.57% increase from the same period in 2018.
All of this is great news for sellers in the Chester area, as it means that supply is getting lower, but demand is staying the same, giving you the opportunity to have a quick and profitable sales process. Our team are always on hand to help make sure that selling your home is as simple and effective a process as possible, and to ensure you get great value from your property no matter what the market conditions are.
To find out more about the Chester property market and what you can do to best navigate it, or to find out about Jordan & Halstead and the services we offer, contact the team at our Chester office today!
Thanks for reading,