East Cheshire Property Market Update | November 2019
At Jordan & Halstead, our team are always working to help make the property market clearer and more accessible to our customers. By giving our customers all the information they need to make informed choices about their home and property, we help them put their best foot forward and get the most out of their local property market every time.
From our Wilmslow branch, we advise and support customers all over East Cheshire and South Manchester, helping them to make property decisions that are right for them, and in these monthly market updates, that’s exactly what we aim to do for you. All of the data we give you comes from Rightmove and Zoopla, to make sure the advice and information we offer is always impartial, accurate and up-to-date. So to find out more about the Wilmslow and East Cheshire property market and how it’s faring this month – keep reading!
In October 2019 we saw 317 new instructions, which is down from 393 over the same period last year. We also saw 3399 new instructions to sell year to date.
There was a 15% decrease in the number of sales agreed since October 2018. In October 2018, there were 231 sales agreed across the market, compared to 195 in October 2019. Year to date, there were 1644 sales agreed.
As we can see, property values across East Cheshire are still considerably higher than the UK average, with prices continuing to increase across the area.
In the run-up to winter and the festive period, we often see the property market slow overall, for both buyers and sellers, a trend which we can see in this month. However, a smaller, less competitive market can be good for buyers as you are less likely to be outbid and homes may spend more time on the market at this time of year. A slower market can also be a great advantage for sellers, as if you’re selling your home, you can take advantage of this period to help get the best possible price. Less competition from other sellers means that your home is likely to sell for a good price and that buyers will be committed.
To find out more about how to best take advantage of these changes in the property market, the services Jordan & Halstead can offer and how our team can help you, contact us today!
Thanks for reading,