Welcome to The Property Centre's February 2023 Market Update.
Local property values have changed significantly in the last three years. To find out how much your home is now worth, click here to book a free valuation or read on for more information on the housing market in your area.
Key Market Points for January
We saw a 15% increase in our January instructions, compared to the same period last year – indeed, January 2023 has been one of our busiest starts to the year.
On the back of this, the healthy increase in people looking to sell has also resulted in higher-than-average levels of enquiries from buyers. Clearly this number of motivated people looking to move points to a busy spring in the local property market.
As a Company we carried out almost 1,400 viewings in January alone which is a much higher-than-average figure and bodes well for property market activity in the coming months.
As we’ve seen time and again since we introduced our state-of-the-art HDR cameras, the virtual tours we create are a highly effective way of showcasing a vendor’s property, generating more interest from potential buyers and helping to achieve the best possible price.
In fact, good property marketing is proving essential, now that we're in more of a buyers' market.
We also had 24,200 visitors to our website in January, a statistic we're particularly proud of. The majority of views were people looking at the properties we’ve got for sale.
Whilst we’re still seeing some homes sell very quickly – before they even go live on the internet - we’re also seeing the need for homes to be realistically priced and made as attractive as possible prior to going on the market.
With more properties now available, vendors must compete for a bit more than they have in the last couple of years to ensure their home stands out.
In summary, we've been pleasantly surprised by how busy the market has been since Christmas, with business levels already higher than average for this time of year.
If you're looking to sell in 2023, why not talk to one of our experienced local teams or book a free, no-obligation valuation of your property?
On the mortgage front, there are still some surprisingly good deals out there, the key is simply to compare the different mortgage products on offer which can be extremely time-consuming.
As Martin Lewis said in his recent guide on how to find the cheapest deal, don’t just go to your bank, but rather use the services of a mortgage broker.
We work in partnership with Mortgage Advice Bureau and have a professional mortgage adviser in each of our 10 offices, so we’re well placed to help buyers find the best possible deal to suit their circumstances.
Mortgage Advice Bureau was also quoted by Martin Lewis recently as one of the top 5 brokers to use when looking for the best mortgage deal. Book an appointment to speak to one of our mortgage advisers today.
