Salford Property News
Price it right
It is no surprise that homes that are priced ‘right’ sell more quickly. Such homes currently sell 26 days quicker than homes that have experienced a price reduction, according to new research by Rightmove.
Correctly priced properties are nearly twice as likely to be Sold Subject to Contract within four months of listing than those that have had their asking price reduced, 63% and 32% respectively.
It is estimated that around 16% of properties currently on the market have experienced a price reduction, properties reduced on average by 5% from their initial asking price.
Although sales volumes have risen since the market reopened, transactions in August up over 15% on July (HMRC), volumes remain lower than a year ago. Sellers who are serious in their intentions to sell are well advised to listen to their agent’s advice on local market pricing. Source: Dataloft, Rightmove, based on 300,000 newly listed properties.
We pride ourselves on pricing houses at the correct price for the market at the time, call us on 0161 707 4745 to discuss your property now!
About The Blog
This Blog looks at what is happening in the Salford and Eccles property market. We report on events and community news along with investment ideas and tips for those loosing to invest in the area.
Dewi Jones - Editor
Salford is fast becoming one the most exciting areas of development in North West. If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience
and local knowledge to help.
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