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British Property Awards 2017 Gold Winner estate Agent Barnstaple

August 2017 Market Comment

Market Comment from David Edwards, Managing Director. 

It seems the market is unsure which way to go, June was a buoyant month as a bounce back after the election was witnessed with the number of sales agreed per branch increasing from May to June.

July was a bit quieter as we started to lead into the summer holiday season. This seems to be the same story nationally with the NAEA reporting that transactions are down and all agents reporting low stock. We are talking to customers who are struggling to find the right property. When the right property comes on at the right price it does go quickly. However, some internet agents seem to be overpricing and the properties are then sticking. Pricing is key at the moment.

It is difficult time of year to judge the real market but here at John Smale and Co we have years of experience and have good knowledge of the local market and a knowledge of the performing areas.

The rental market continues to perform well with a rapid uptake of property; we still need lots more three bedroom houses!

Having said all of the above, we sale agreed 9 properties last week!! 

Please do give us a call if we can help with your property requirements. Many thanks. 

ARLA NAEA Mayfair Coast The Property Ombudsman
Mayfair Office Group See our properties on onthemarket.com