Monthly Property Market Reports

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,

Jordan

The team at William Gleave have been offering our estate agency service to the Flintshire market for many years, and have seen the property market in all of its different forms, both good and bad. We have been able to offer our customers honest, expert and local advice no matter what the market conditions are like, to help them make the decisions that matter to them.

Within these market reports, we collect data from Rightmove and Zoopla to ensure we’re giving you the most accurate, up-to-date information possible. When it comes to your next big property move, we’ll give you expert and impartial advice that helps you to see the big picture, understand your options and make the right decisions for you. So, to find out more about what the Flintshire property market has in store, and how the team at William Gleave can help you navigate it, read on.

In October, we saw a sharp decrease of almost 30% in the number of new instructions made, compared to the same period last year. This means that there are fewer people looking to sell their home. This is often the case around this time of year, as people often don’t want to sell just before winter and the festive season, though there are many reasons people might not want to sell, including political uncertainty or changes in the local area.

However, the number of sales agreed was consistent with the same period last year, which tells us that this is an excellent time to sell. With less competition for vendors, but the same number of potential buyers in the market, you can get the best possible price for your property, in a quick and efficient sales process.

Even more good news for sellers, property values in the Flintshire market have gone up 3.77% in the last 12 months to £193,227, meaning you can get the best price and yield for your home.

To find out more about your property, the Flintshire market or how we can help you get the most from your property, contact William Gleave today.

Thanks for reading,

The team at William Gleave.

At Jordan & Halstead, we believe that having all the information is vital to making the right decisions when it comes to your property. By knowing exactly what’s going on within your local property market, you can feel confident you’ve got everything you need to make the right choice for you.

That’s why I’m releasing Monthly Market Updates for Wilmslow and East Cheshire, to show you which way the property market is headed and help keep you informed about the things that are important when it comes to your big property decisions.

Keep reading to find out how the market is faring in Wilmslow and East Cheshire.

In August 2019, we saw a slight increase in new instructions to market in the Wilmslow area when compared year to date. We also saw 1979 instructions over the course of the year.

However, there was a slight drop in sales agreed compared to August 2018, and saw 1203 sales agreed year to date. 69% of our properties were sold in August 2019, compared to 74% in August 2018.

Property values in the last 12 months have also dropped very slightly, ranging from around 1-4% drops across the area:

• Alderley Edge – £646,175 – down 2.83%.
• Wilmslow -£430,965 – down 2.83%.
• Bramhall – £455,068 – down 1.19%.
• Prestbury – £836,007 – down 3.34%.

This data implies that right now, selling your home in Wilmslow may be slightly more difficult than usual, though the changes from year to year are marginal compared to many other markets. 

To find out more about your local market or to go through your options with a team of experienced and passionate professionals, contact Jordan & Halstead today.

Thanks for reading,

Jordan.

At Jordan & Halstead, our team are passionate about the property market, and are always making sure they stay on the ball to understand how best to navigate our local market. Here is my monthly market report, to help you understand how the market close to you is performing, and what you should do to get the most out of your property.

In Chester, the property sales market has slowed marginally since last year, with 45 fewer sales agreed in July 2019 than July 2018, even though the number of instructions to sell has increased (263 instructions in July 2018 compared to 274 in July 2019). This is also shown in a 20.3% decrease in the number of properties sold when compared to the same month last year. Over two thirds of homes have sold since instruction over the course of the year, with 1835 homes instructed to market and 1216 sales agreed by the team at Jordan & Halstead. 

The average house price in Chester has also decreased by 2.4% compared to 2018, and is now £260,497. However, this is still higher than in 2016 and 2017, when the average price was around £225,000.

Across Wilmslow and East Cheshire, there has been a 10% increase in properties going on the market, and while average prices remain high in this desirable area, they have been declining in the last 12 months:

• Alderley edge – £646,488 – down -1.56% in the last 12 months
• Wilmslow – £431,538 – down -1.58%
• Bramhall – £456,490 – down 0.10%
• Prestbury – £834,677 – down 4.68%

The rental market in Chester is on the rise, with 275 new instructions and 222 lets agreed in July 2019, compared to only 266 instructions and 216 lets agreed over the same period last year. Over the course of the year, Jordan & Halstead received 1774 new instructions to market, and saw 1221 lets agreed. Currently, the average monthly rent in Chester is £725 pcm.

Across Wilmslow and East Cheshire, 68.1% of properties instructed in July 2018 were sold. In 2019 this increased to 70.2%. Average rents in Wilmslow and East Cheshire remain high, especially when compared to the North West overall:

• Wilmslow – £1224 PCM
• Bramhall – £832 PCM
• Alderley Edge – £1499 PCM
• Prestbury – £2576 PCM

Key points to take away:

• While the sales market is slowing a little compared to the previous year, the value of Chester homes is still considerably higher than 2-3 years ago.
• Chester’s rental market is thriving, which means that you may want to consider letting your home rather than selling.

The Chester and Cheshire market is exciting and ever-changing, so staying on the pulse of the city’s market is vitally important to us at Jordan & Halstead. 

To find out more about the market or to buy, sell, let or rent a home with us, contact Jordan & Halstead and see how our team can help you make the most out of your property.

Thanks for reading,

Jordan.