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zamo

Busiest September since 2008

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I bumped into an old School pal yesterday.

They work for one of the big/posh Belfast Estate Agencies.

I asked how the market was looking recently, if they've noticed much of a pick up.

They told me how it had been a ghost town between 2009-2014.

After that things had started to pick up.

September had been their busiest since 09 with 200+ houses sold that month.

Things in the mid-low range are selling well, but nothings shifting in the higher end.

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Was this the same Estate agent i.e. Simon Brien that had a recent beltel article saying September was the busiest month since 2009?

If they say that again, you can question them on how they are able to judge the comparison, considering they were only incorporated in  February 2014.

It's difficult to compare a  current trading year with another year in which you didn't exist.

 

Edited by 2buyornot2buy

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The Q3 figures, as the label states, cover all of Q3 which is July, Aug & Sept. My own evidence shows me that there was very little sales activity in July & Aug (and June for that matter). Therefore for the the overall figure for Q3 to come close to last year's Q3 figure there would need to have been a whopper Sept. Which is indeed what happened with us.

If they were claiming that Q3 was their best on record I would be questioning that claim. I imagine the truth is both July and Aug were probably their worst on record (something they didn't care to disclose) and September was indeed their best as it captured a volume of sales deferred from the preceding months.  

All this tells us is the Brexit vote stalled buying during June, July & Aug but this was a temporary stall as people came back in September. The effects of Brexit on the market are far from over.

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8 minutes ago, BelfastVI said:

The Q3 figures, as the label states, cover all of Q3 which is July, Aug & Sept. My own evidence shows me that there was very little sales activity in July & Aug (and June for that matter). Therefore for the the overall figure for Q3 to come close to last year's Q3 figure there would need to have been a whopper Sept. Which is indeed what happened with us.

If they were claiming that Q3 was their best on record I would be questioning that claim. I imagine the truth is both July and Aug were probably their worst on record (something they didn't care to disclose) and September was indeed their best as it captured a volume of sales deferred from the preceding months.  

All this tells us is the Brexit vote stalled buying during June, July & Aug but this was a temporary stall as people came back in September. The effects of Brexit on the market are far from over.

Yep best September since well.. September. The only September.

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7 minutes ago, BelfastVI said:

The Q3 figures, as the label states, cover all of Q3 which is July, Aug & Sept. My own evidence shows me that there was very little sales activity in July & Aug (and June for that matter). Therefore for the the overall figure for Q3 to come close to last year's Q3 figure there would need to have been a whopper Sept. Which is indeed what happened with us.

If they were claiming that Q3 was their best on record I would be questioning that claim. I imagine the truth is both July and Aug were probably their worst on record (something they didn't care to disclose) and September was indeed their best as it captured a volume of sales deferred from the preceding months.  

All this tells us is the Brexit vote stalled buying during June, July & Aug but this was a temporary stall as people came back in September. The effects of Brexit on the market are far from over.

My gut feeling (and purely that) is the top end of 'used' housing is sluggish where as new builds and more moderately priced housing - say below £250K - is ticking over nicely. What's your more informed opinion?

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5 hours ago, BelfastVI said:

The Q3 figures, as the label states, cover all of Q3 which is July, Aug & Sept. My own evidence shows me that there was very little sales activity in July & Aug (and June for that matter). Therefore for the the overall figure for Q3 to come close to last year's Q3 figure there would need to have been a whopper Sept. Which is indeed what happened with us.

If they were claiming that Q3 was their best on record I would be questioning that claim. I imagine the truth is both July and Aug were probably their worst on record (something they didn't care to disclose) and September was indeed their best as it captured a volume of sales deferred from the preceding months.  

All this tells us is the Brexit vote stalled buying during June, July & Aug but this was a temporary stall as people came back in September. The effects of Brexit on the market are far from over.

This is just anecdotal.

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