Southbourne Quarterly Property Report
Trending – +1.4%.
Average price paid £342,717.
On the ground we’ve found the last three months to be very positive in terms of pricing. What is coming to market is selling swiftly and for strong prices. The only properties we’re seeing sticking are those that are either marketed poorly or on for far too much money.
The buyers in the market are wanting to buy and they’re committing quickly, but they’re smart too and are not taking the same level of compromise as they were 12 months ago.
We’ve had some really standout results in terms of road prices and have broken street records consistently.
A lot of our current sales are happening off-market as sellers aren’t wishing to commit to a sale until they’ve found somewhere. I think if we have a few more sellers commit to going to market we’ll have a bit of a domino effect which will give a little more visible availability to buyers.
Overall summary is we’ve seen a drop in transaction levels over the last 3 months but expect these to pick up again over the next quarter.