Round the Houses – Perthshire Property Market at ‘Half Time!’
Published on 2 July 2014
Perthshire property bosses are reporting a healthy ‘half-time’, as they unveil their statistics from the first half of 2014.
In just six months, Perthshire Solicitors Property Centre’s member firms have sold 462 properties totally over £78M. The average house has sold for £169,397.
The second quarter of the year was a fantastic quarter for PSPC, with over £47M worth of sales in April, May and June alone. May, in particular, was a bumper month, with 112 homes changing hands.
Comparing this to last year, in 2013, PSPC member firms sold just over £65M worth of homes, with the average property selling for slightly less, at just over £160,000.
Anne Begg, PSPC Manager commented, “Flats, villas and bungalows, in particular, continue to do well. More than 100 flats have changed hands so far this year, with the average property going for just over £105,000, again more than this time last year.
“As we look back on the first half of the year, we have seen an improving picture and, more importantly, a consistently healthy one with no sharp increases or drops in activity which are never sustainable.
“We have returned to the days of closing dates, which is a very welcome sign, an increase in ‘under offers’ and much shorter marketing times for properties – basically, in most cases, homes are selling more quickly than they were which is a good reason to be optimistic about the state of the market.
“Although in the minority, we still see some homes which take longer to shift. This can be down to a number of reasons but, sometimes, is linked to their asking price, so potential sellers should always seek advice from their member firm and listen to their honest and unbiased guidance about the market.”
With most properties selling more quickly than before, PSPC are eager to encourage more properties onto its books, to further stimulate the market.
Mrs Begg continued, “By more properties being added to our portfolio, we can invigorate the market further. We are still very much in the peak of summertime and there are many months left to showcase your home in the best possible light, upping your chances of a quick and satisfying sale.”
For more information on buying or selling in Perthshire, please call Anne Begg, PSPC Manager on 01738 635301, email email@example.com or visit www.pspc.co.uk.