Sunday, October 24, 2010

Freezing up

Don't expect a smooth ride or a speedy sale

Sellers who want to shift their properties in time for Christmas should brace themselves for a challenge. According to September's Hometrack house price survey, the average time a property remains on the market before an offer is received stands at 9.3 weeks. This takes us beyond Boxing Day and is a far cry from the 5.3 weeks recorded in the boom days of September 2003. The latest housing report from the National Association of Estate Agents revealed that the average number of buyers registering on estate agents' books continued to fall in September to 247 (from 250 in August), while sales agreed remained at a stagnant low of seven per branch.

Posted by quiet guy @ 04:34 PM (2137 views)
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3 thoughts on “Freezing up

  • “In May, Ms Chapman put her two-bed flat in Wandsworth, London, on the market for £485,000 and reduced the asking price in June by £10,000”.

    Nearly pissed myself laughing. Should have reduced it by £100k, not £10k!!

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  • “If we still have no luck, we’ll try again when the market looks healthier.”

    Yeees. Good luck with that if by ‘healthier’ you mean ‘when prices are going up’.

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  • 485 is VERY steep for Wandsworth. A 2 bed would have been around 375 at the peak, near Wandsworth Common, not
    the dumpy Balham side.

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