With the festive period behind us, it’s time to reflect on the Denton property market and evaluate Edward Mellor’s performance this December. As we head into the new year, we remain dedicated to providing expert and reliable services to our clients.
Let’s take a look at how we ended yet another successful year!
Denton is a desirable residential town in Tameside. Due to its wide range of convenient local amenities, reputable schools and transport links to Stockport and Manchester, it’s popular with a range of different buyers.
During December, we saw a rise in first-time buyers looking to purchase a property in Denton. As a result, two-bedroom terraced properties priced up to £250k are selling quickly, while larger family homes are sitting on the open market for longer.
A trend that we are seeing continue from November is the popularity of ‘ready-to-move into’ homes with buyers preferring a more expensive property in good condition to an investment home that they’d need to refurbish. Although ex-rental homes and properties with more dated décor aren’t receiving as much interest, our Auction team is always on hand to lead those homes successfully to completion. There is still a strong demand from tenants looking for rental properties, so ex-rental and development properties are still highly sought after by savvy landlords on the auction market.
Total property sales in Denton over the past three months have been valued at £14.4m, with 84% 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.
The festive period has seen a reduction in new instructions coming to the market, however vendors who are willing to sell over Christmas are highly motivated. Alternatively, sales have remained high during December, giving Edward Mellor a market share of 15%*.
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 Denton branch for more information. Either call us on: 0161 660 6749 or email [email protected] to speak to a member of our experienced team.
The average sale price for properties in Denton over the past 12 months is £197.327, which is a 0% change in annual sales prices and a 35% rise in sales prices over the past 5 years**.
This data shows that house prices have remained stable throughout 2024, therefore a test the market pricing strategy is less likely to be as successful. To combat this, our expert valuers employ a competitive pricing strategy by comparing to similar homes in the surrounding area. This can help to facilitate a speedy completion and avoid the need for price reductions.
We have a plethora of exciting success stories this month with 9 sales, half of which sold within six weeks of listing*.
Here at Edward Mellor, we work in tandem with our other branches to ensure our customers get the best possible advice and receive information on new and existing listings from across Greater Manchester.
This month was no different, with our Denton and Hyde teams working together to secure the sale of a fantastic two-bedroom apartment in Godfrey Mill. Due to our team’s expertise the property received an offer within six days of going live on the market. This freed the vendors up to purchase another apartment which is currently listed with our Woodley branch. Overall, this display of cooperation shows how vital teamwork is to Edward Mellor and just how committed we are to securing the desired outcome for our vendors.
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.
*According to data sourced from Rightmove, reflecting the Denton property market from 01/12/24 – 31/12/24. The postcodes included are M34 2, M34 3, M34 5-7.
**dataloft, Denton property sales overview, accessed December 2024
