With the festive period behind us, it’s time to reflect on the Hazel Grove property market and evaluate Edward Mellor’s performance this December. As we head into the new year, we are dedicated to providing expert and reliable services to our clients.
Let’s take a look at how we ended yet another successful year!
Hazel Grove is a highly sought-after area for families and those seeking to upsize into a long-term home. The village is only a fifteen-minute drive away from Stockport Town Centre and provides an abundance of excellent local amenities including reputable schools, shops and Stepping Hill Hospital.
Despite this, December saw an increase in first-time buyer sales; predominantly the most popular properties are two-bedroom homes or properties within the £220k price range. This is a shift from November, which saw a high demand for three-bedroom semi-detached family homes.
This festive period was more successful than the pervious year with 13 new instructions compared to the 6 achieved in December 2023*. This puts us at a market share of 21% for new listings and 12.5% for sales agreed, making Edward Mellor the highest performing estate agents in the area*.
Total property sales in Hazel Grove over the past three months have been valued at £54.3m, with 88% of these sales involving homes rather than flats**. This strongly suggests that buyer interest in the area is coming from first-time home buyers, growing families and landlords who are expanding their portfolios, rather than individual buyers looking for small flats.
If you were thinking about listing your property with us then now is the perfect time to do so!
Start your new year with a bang and contact the Edward Mellor Hazel Grove branch for more information. Either call us on: 0161 532 7572 or email [email protected] to speak to a member of our experienced team.
The average sale price for properties in Hazel Grove over the past 12 months is £265.333, which is a 3% increase in annual sales prices and a 32% rise in sales prices over the past 5 years**.
With the current market, two-bedroom properties are selling with relative ease, however 3 / 4-bedroom homes tend to be staying on the market longer due to the abundance of stock available. To combat this, we employ a realistic and comparable pricing strategy to achieve the best possible outcome for vendors. Currently, demand is higher than supply making Hazel Grove a sellers’ market.
We have a plethora of success stories this month and despite the spike in first-time buyers’ interest, we managed to successfully sell two fantastic family homes. A four-bedroom detached home sold for £595k on Laneside Drive within seven days of listing, as well as a five-bedroom semi-detached property for £475k.
Overall, this shows the commitment of our expert Hazel Grove team in driving interest and securing the right buyer to ensure a speedy and successful completion.
With over 40 years of proven experience in helping people buy and sell property, our local teams are on hand to help clients at every stage of their property journeys.
If you would like to sell a property in the New Year, now is the time to list your property to fully capitalise on strong buyer interest going into 2025.
*Data sourced from Rightmove and reflects the Hazel Grove property market from 01/12/24 – 31/12/24. The postcodes included are SK1 4, SK7 5-7 and SK6 8.
**dataloft, Hazel Grove property sales overview, accessed December 2024
